CarMax (NYSE:KMX) Given New $80.00 Price Target at Mizuho

CarMax (NYSE:KMX) had its price target upped by Mizuho from $72.00 to $80.00 in a research report report published on Friday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other analysts also recently commented on KMX. JPMorgan Chase & Co. boosted their price target on shares of CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Stephens initiated coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Royal Bank of Canada upped their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Finally, Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.17.

CarMax Stock Performance

Shares of NYSE KMX opened at $84.27 on Friday. CarMax has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a market cap of $13.06 billion, a PE ratio of 31.68, a P/E/G ratio of 1.76 and a beta of 1.71. The stock has a 50 day simple moving average of $78.77 and a 200-day simple moving average of $77.55. 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 (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. On average, equities research analysts forecast that CarMax will post 3.01 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Quarry LP increased its stake in shares of CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of CarMax during the 3rd quarter valued at about $32,000. True Wealth Design LLC increased its holdings in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after buying an additional 436 shares during the last quarter. Blue Trust Inc. raised its position in CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC lifted its stake in CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after acquiring an additional 334 shares during the last quarter.

CarMax Company Profile

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.