CarMax, Inc (NYSE:KMX) was the recipient of some unusual options trading on Thursday. Investors acquired 14,122 call options on the stock. This represents an increase of approximately 1,875% compared to the average daily volume of 715 call options.
NYSE KMX traded down $0.42 during trading on Friday, hitting $77.00. 1,438,808 shares of the stock traded hands, compared to its average volume of 2,243,402. The stock has a market capitalization of $13.10 billion, a PE ratio of 16.08, a P/E/G ratio of 1.23 and a beta of 1.28. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.45 and a quick ratio of 0.53. CarMax has a 12-month low of $55.24 and a 12-month high of $81.67.
CarMax (NYSE:KMX) last announced its earnings results on Friday, March 29th. The company reported $1.13 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.09. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.36 billion. CarMax had a return on equity of 24.67% and a net margin of 4.64%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 EPS. On average, analysts anticipate that CarMax will post 5.13 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the company. Liberty Wealth Management LLC purchased a new position in CarMax during the 1st quarter valued at $39,000. Highland Capital Management LLC bought a new stake in CarMax during the 1st quarter valued at $1,174,000. IFM Investors Pty Ltd raised its position in CarMax by 14.5% during the 1st quarter. IFM Investors Pty Ltd now owns 12,226 shares of the company’s stock valued at $853,000 after purchasing an additional 1,547 shares in the last quarter. Wedbush Securities Inc. raised its position in CarMax by 15.0% during the 1st quarter. Wedbush Securities Inc. now owns 8,993 shares of the company’s stock valued at $628,000 after purchasing an additional 1,170 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in CarMax by 0.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 103,518 shares of the company’s stock valued at $7,226,000 after purchasing an additional 300 shares in the last quarter.
Several research firms recently commented on KMX. Morgan Stanley increased their price objective on CarMax from $89.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday. Credit Suisse Group raised their target price on CarMax from $75.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $83.00 to $93.00 in a research note on Monday, April 1st. Finally, Buckingham Research raised their price objective on CarMax from $76.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $82.00.
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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