A number of other research firms also recently issued reports on KMX. UBS AG downgraded shares of CarMax from an outperform rating to a market perform rating in a research report on Thursday. Oppenheimer Holdings, Inc. downgraded shares of CarMax from an outperform rating to a market perform rating and set a $80.00 target price for the company. in a research report on Thursday. Berenberg Bank assumed coverage on shares of CarMax in a research report on Wednesday. They set a hold rating and a $83.00 target price for the company. Credit Suisse Group boosted their target price on shares of CarMax from $75.00 to $83.00 and gave the company an outperform rating in a research report on Friday, September 29th. Finally, Zacks Investment Research upgraded shares of CarMax from a hold rating to a buy rating and set a $83.00 price objective for the company in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $77.93.
Shares of CarMax (NYSE KMX) traded up 0.58% during trading on Thursday, reaching $76.81. The company had a trading volume of 1,298,360 shares. The stock has a market capitalization of $14.08 billion, a price-to-earnings ratio of 22.06 and a beta of 1.38. The company’s 50 day moving average is $69.62 and its 200-day moving average is $63.75. CarMax has a 1-year low of $47.50 and a 1-year high of $77.64.
CarMax (NYSE:KMX) last posted its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The firm’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 earnings per share. On average, equities research analysts anticipate that CarMax will post $3.81 earnings per share for the current year.
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In related news, SVP Mohammad Shamim sold 1,300 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $76.10, for a total transaction of $98,930.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Edwin J. Hill sold 35,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following the sale, the executive vice president now directly owns 39,792 shares of the company’s stock, valued at approximately $2,581,704.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 644,520 shares of company stock valued at $46,786,223. 1.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Korea Investment CORP grew its stake in CarMax by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after acquiring an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in CarMax during the 2nd quarter valued at about $112,000. Seven Eight Capital LP purchased a new stake in CarMax during the 2nd quarter valued at about $133,000. QS Investors LLC grew its stake in CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after acquiring an additional 22 shares in the last quarter. Finally, Global X Management Co. LLC grew its stake in CarMax by 7.3% during the 1st quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after acquiring an additional 169 shares in the last quarter.
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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