CarMax (NYSE:KMX) Upgraded to “Sell” at StockNews.com

StockNews.com upgraded shares of CarMax (NYSE:KMX) to a sell rating in a report released on Monday morning.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada reissued an outperform rating and issued a $83.00 price target on shares of CarMax in a research note on Monday, April 8th. Mizuho cut their price target on CarMax from $80.00 to $75.00 and set a neutral rating on the stock in a research note on Friday, April 12th. Truist Financial lowered their price objective on shares of CarMax from $75.00 to $72.00 and set a hold rating for the company in a research report on Friday, April 12th. Needham & Company LLC lowered their price objective on shares of CarMax from $99.00 to $91.00 and set a buy rating for the company in a research report on Friday, April 12th. Finally, Wedbush restated an outperform rating and issued a $90.00 price objective on shares of CarMax in a research report on Tuesday, April 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $77.42.

CarMax Stock Down 0.7 %

NYSE:KMX opened at $67.88 on Monday. The stock’s fifty day moving average price is $78.24 and its two-hundred day moving average price is $72.10. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 22.40, a P/E/G ratio of 1.13 and a beta of 1.61. CarMax has a 52-week low of $59.66 and a 52-week high of $88.22.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The company had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. On average, analysts anticipate that CarMax will post 3.3 EPS for the current year.

Insiders Place Their Bets

In other CarMax news, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the transaction, the vice president now owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Diane L. Cafritz sold 22,000 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $355,515.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Jill A. Livesay sold 14,199 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the transaction, the vice president now owns 9,068 shares of the company’s stock, valued at $642,830.52. The disclosure for this sale can be found here. Corporate insiders own 1.66% of the company’s stock.

Hedge Funds Weigh In On CarMax

Large investors have recently modified their holdings of the business. Allworth Financial LP boosted its stake in shares of CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after buying an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its stake in shares of CarMax by 1,081.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock worth $34,000 after buying an additional 400 shares during the last quarter. Ronald Blue Trust Inc. boosted its stake in shares of CarMax by 194.0% during the 3rd quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock worth $31,000 after buying an additional 289 shares during the last quarter. Mendota Financial Group LLC acquired a new position in shares of CarMax during the 4th quarter worth about $37,000. Finally, MCF Advisors LLC acquired a new stake in CarMax in the 4th quarter valued at about $46,000.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.