CarMax (NYSE:KMX) Price Target Cut to $72.00 by Analysts at Mizuho

CarMax (NYSE:KMX) had its price target lowered by Mizuho from $75.00 to $72.00 in a report released on Tuesday, Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other research analysts also recently weighed in on the company. Wedbush reissued an outperform rating and issued a $90.00 target price on shares of CarMax in a report on Tuesday. Oppenheimer reissued an outperform rating and issued a $105.00 target price on shares of CarMax in a report on Tuesday, April 9th. Truist Financial lowered their target price on CarMax from $75.00 to $72.00 and set a hold rating on the stock in a report on Friday, April 12th. Robert W. Baird lowered their target price on CarMax from $88.00 to $84.00 and set an outperform rating on the stock in a report on Friday, April 12th. Finally, JPMorgan Chase & Co. lowered their target price on CarMax from $60.00 to $55.00 and set an underweight rating on the stock in a report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, CarMax has a consensus rating of Hold and an average price target of $76.17.

CarMax Trading Down 0.3 %

CarMax stock opened at $71.49 on Tuesday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. CarMax has a one year low of $59.66 and a one year high of $88.22. The stock has a market capitalization of $11.25 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.36 and a beta of 1.69. The business’s fifty day moving average is $70.65 and its 200 day moving average is $73.74.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same period last year, the business earned $0.44 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, sell-side analysts predict that CarMax will post 3.1 EPS for the current year.

Insider Transactions at CarMax

In other news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now owns 6,977 shares of the company’s stock, valued at $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.66% of the company’s stock.

Institutional Trading of CarMax

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its stake in CarMax by 16.4% during the 4th quarter. BNP Paribas Financial Markets now owns 127,402 shares of the company’s stock valued at $9,777,000 after purchasing an additional 17,973 shares during the period. Fairview Capital Investment Management LLC raised its stake in CarMax by 7.0% during the 4th quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock valued at $19,302,000 after purchasing an additional 16,438 shares during the period. Quadrature Capital Ltd bought a new stake in CarMax during the 4th quarter valued at approximately $5,637,000. Charles Schwab Investment Management Inc. raised its stake in CarMax by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 991,111 shares of the company’s stock valued at $76,058,000 after purchasing an additional 30,107 shares during the period. Finally, First Pacific Advisors LP raised its stake in CarMax by 1.2% during the 4th quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock valued at $178,923,000 after purchasing an additional 28,095 shares during the period.

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.