KMX has been the topic of several other reports. Oppenheimer reaffirmed a buy rating on shares of CarMax in a report on Friday, September 1st. Zacks Investment Research raised shares of CarMax from a hold rating to a strong-buy rating and set a $74.00 price objective on the stock in a report on Wednesday, August 16th. Deutsche Bank dropped their price objective on shares of CarMax from $84.00 to $76.00 and set a hold rating on the stock in a report on Sunday, November 26th. CIBC reaffirmed a market perform rating on shares of CarMax in a report on Thursday, October 5th. Finally, Royal Bank Of Canada upped their price objective on shares of CarMax from $77.00 to $83.00 and gave the company an outperform rating in a report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $77.00.
CarMax (NYSE KMX) traded up $2.33 during mid-day trading on Monday, hitting $70.71. 2,748,700 shares of the stock traded hands, compared to its average volume of 2,222,086. The stock has a market cap of $12,467.72, a P/E ratio of 18.79, a P/E/G ratio of 1.15 and a beta of 1.48. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48. CarMax has a fifty-two week low of $54.29 and a fifty-two week high of $77.64.
CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for 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 business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. equities analysts forecast that CarMax will post 3.84 earnings per share for the current year.
In related news, SVP Diane L. Cafritz sold 5,671 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $73.95, for a total transaction of $419,370.45. Following the sale, the senior vice president now directly owns 7,475 shares of the company’s stock, valued at $552,776.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $68.72, for a total transaction of $549,760.00. Following the sale, the director now directly owns 447,572 shares in the company, valued at $30,757,147.84. The disclosure for this sale can be found here. Insiders have sold 625,955 shares of company stock worth $46,214,378 over the last three months. 1.90% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in CarMax by 2.1% during the second quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock worth $1,146,758,000 after acquiring an additional 380,038 shares during the period. BlackRock Inc. raised its position in CarMax by 0.5% during the second quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock worth $702,643,000 after acquiring an additional 53,840 shares during the period. Principal Financial Group Inc. raised its position in CarMax by 1.5% during the third quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock worth $706,487,000 after acquiring an additional 142,175 shares during the period. Broad Run Investment Management LLC raised its position in CarMax by 0.9% during the second quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock worth $212,969,000 after acquiring an additional 29,846 shares during the period. Finally, Nordea Investment Management AB raised its position in CarMax by 751.0% during the second quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock worth $135,465,000 after acquiring an additional 1,895,763 shares during the period.
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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