Analysts Set CarMax, Inc. (NYSE:KMX) Target Price at $85.17

Shares of CarMax, Inc. (NYSE:KMX) have earned an average rating of “Hold” from the fourteen analysts that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $85.17.

Several analysts have weighed in on the stock. Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target for the company. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Truist Financial raised their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Finally, Mizuho raised their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th.

Insider Transactions at CarMax

In other CarMax news, EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.77, for a total transaction of $837,700.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. This trade represents a 46.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP James Lyski sold 57,986 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares in the company, valued at $1,855,024.05. This represents a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 228,744 shares of company stock valued at $18,990,227. Company insiders own 1.66% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. World Investment Advisors LLC bought a new position in shares of CarMax during the third quarter valued at approximately $6,942,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after buying an additional 10,898 shares during the last quarter. Eagle Rock Investment Company LLC bought a new position in CarMax during the 3rd quarter valued at approximately $747,000. Neo Ivy Capital Management purchased a new position in CarMax during the third quarter valued at $3,934,000. Finally, iSAM Funds UK Ltd bought a new stake in CarMax in the third quarter worth $537,000.

CarMax Price Performance

KMX opened at $81.88 on Friday. The stock has a market capitalization of $12.69 billion, a P/E ratio of 30.78, a PEG ratio of 1.74 and a beta of 1.71. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. CarMax has a 12-month low of $65.83 and a 12-month high of $91.25. The stock has a 50-day moving average price of $81.53 and a 200-day moving average price of $78.78.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. Equities analysts predict that CarMax will post 3.01 earnings per share for the current fiscal year.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.