Brokerages Set CarMax, Inc (KMX) Target Price at $85.50

CarMax, Inc (NYSE:KMX) has earned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $85.50.

A number of equities analysts have recently weighed in on KMX shares. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research report on Monday, April 22nd. Buckingham Research upped their target price on CarMax from $76.00 to $81.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Wedbush reaffirmed a “neutral” rating on shares of CarMax in a research report on Friday, May 17th. Finally, Credit Suisse Group upped their target price on CarMax from $75.00 to $84.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th.

In related news, Director Thomas J. Folliard sold 360,006 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $71.18, for a total value of $25,625,227.08. Following the completion of the sale, the director now directly owns 511,879 shares of the company’s stock, valued at approximately $36,435,547.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric M. Margolin sold 20,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $77.74, for a total value of $1,554,800.00. Following the completion of the sale, the executive vice president now directly owns 35,160 shares of the company’s stock, valued at $2,733,338.40. The disclosure for this sale can be found here. Insiders sold a total of 383,655 shares of company stock valued at $27,437,638 over the last three months. 2.09% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantamental Technologies LLC purchased a new stake in CarMax in the 4th quarter valued at $27,000. Citizens Financial Group Inc RI purchased a new stake in shares of CarMax during the 4th quarter valued at $33,000. Liberty Wealth Management LLC purchased a new stake in shares of CarMax during the 1st quarter valued at $39,000. Private Capital Group LLC increased its position in shares of CarMax by 35.3% during the 4th quarter. Private Capital Group LLC now owns 721 shares of the company’s stock valued at $45,000 after purchasing an additional 188 shares during the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new stake in shares of CarMax during the 4th quarter valued at $48,000.

Shares of NYSE:KMX opened at $77.90 on Monday. The company has a current ratio of 2.45, a quick ratio of 0.53 and a debt-to-equity ratio of 4.11. CarMax has a twelve month low of $55.24 and a twelve month high of $81.67. The company has a market cap of $12.96 billion, a PE ratio of 16.28, a PEG ratio of 1.24 and a beta of 1.31.

CarMax (NYSE:KMX) last issued its earnings results on Friday, March 29th. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. CarMax had a return on equity of 24.67% and a net margin of 4.64%. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the firm earned $0.88 earnings per share. CarMax’s revenue for the quarter was up 5.7% on a year-over-year basis. Equities analysts predict that CarMax will post 5.14 EPS for the current fiscal year.

CarMax Company Profile

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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Analyst Recommendations for CarMax (NYSE:KMX)

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