CarMax (NYSE:KMX – Free Report) had its target price upped by Evercore ISI from $78.00 to $85.00 in a report issued on Tuesday, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.
Several other research analysts also recently commented on the company. Royal Bank of Canada increased their price objective on CarMax from $80.00 to $83.00 and gave the company an outperform rating in a research note on Friday, December 22nd. Truist Financial upped their price target on CarMax from $72.00 to $75.00 and gave the company a hold rating in a research report on Friday, December 22nd. Bank of America raised their target price on CarMax from $44.00 to $50.00 and gave the stock an underperform rating in a research note on Thursday, February 29th. Needham & Company LLC upgraded shares of CarMax from a hold rating to a buy rating and set a $99.00 price objective for the company in a research report on Wednesday, March 20th. Finally, Wedbush restated an outperform rating and set a $90.00 price target on shares of CarMax in a report on Friday, February 16th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $80.42.
Read Our Latest Stock Analysis on CarMax
Shares of NYSE KMX traded down $0.03 during trading on Tuesday, hitting $85.75. The company had a trading volume of 1,625,070 shares, compared to its average volume of 1,693,781. CarMax has a fifty-two week low of $57.50 and a fifty-two week high of $87.50. The company has a quick ratio of 0.71, a current ratio of 2.45 and a debt-to-equity ratio of 3.01. The stock has a fifty day simple moving average of $75.78 and a two-hundred day simple moving average of $71.97. The firm has a market capitalization of $13.54 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61.
In other news, EVP Diane L. Cafritz sold 2,730 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $357,849.42. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane L. Cafritz sold 2,730 shares of CarMax stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total transaction of $192,574.20. Following the completion of the transaction, the executive vice president now directly owns 5,073 shares in the company, valued at $357,849.42. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,929 shares of company stock worth $3,516,501. 1.66% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Fairfield Bush & CO. acquired a new stake in shares of CarMax during the first quarter worth $106,000. American Century Companies Inc. lifted its stake in shares of CarMax by 11.8% in the 1st quarter. American Century Companies Inc. now owns 23,475 shares of the company’s stock worth $2,264,000 after acquiring an additional 2,483 shares during the period. Panagora Asset Management Inc. increased its stake in shares of CarMax by 80.1% during the first quarter. Panagora Asset Management Inc. now owns 16,980 shares of the company’s stock worth $1,638,000 after acquiring an additional 7,550 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in CarMax by 6.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,633 shares of the company’s stock worth $2,087,000 after purchasing an additional 1,285 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in CarMax by 1.2% in the first quarter. Yousif Capital Management LLC now owns 26,032 shares of the company’s stock valued at $2,512,000 after purchasing an additional 299 shares during the period.
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.
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