Oppenheimer Reiterates “Outperform” Rating for CarMax (NYSE:KMX)

CarMax (NYSE:KMX)‘s stock had its “outperform” rating reiterated by Oppenheimer in a research note issued to investors on Monday, Benzinga reports. They presently have a $105.00 price target on the stock. Oppenheimer’s price target would indicate a potential upside of 45.13% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. Morgan Stanley restated an “overweight” rating and set a $80.00 price objective on shares of CarMax in a research note on Friday. Mizuho cut their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Evercore ISI decreased their price target on shares of CarMax from $73.00 to $68.00 and set an “in-line” rating for the company in a research report on Thursday. Finally, Truist Financial lifted their price target on shares of CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.50.

CarMax Trading Up 1.0 %

CarMax stock traded up $0.72 during trading hours on Monday, hitting $72.35. The company had a trading volume of 352,867 shares, compared to its average volume of 1,998,135. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The firm has a market cap of $11.39 billion, a P/E ratio of 23.88, a P/E/G ratio of 1.40 and a beta of 1.69. The company has a 50-day moving average price of $70.25 and a two-hundred day moving average price of $73.88. CarMax has a 1 year low of $59.66 and a 1 year high of $88.22.

CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same period last year, the business posted $1.16 EPS. CarMax’s quarterly revenue was down 7.5% on a year-over-year basis. On average, sell-side analysts anticipate that CarMax will post 3.06 earnings per share for the current year.

Insider Buying and Selling at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the sale, the executive vice president now owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.66% of the stock is owned by corporate insiders.

Institutional Trading of CarMax

A number of institutional investors have recently made changes to their positions in KMX. Allworth Financial LP grew its stake in CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the last quarter. Mendota Financial Group LLC purchased a new stake in shares of CarMax in the 4th quarter valued at approximately $37,000. MCF Advisors LLC acquired a new stake in shares of CarMax during the 4th quarter worth approximately $46,000. Finally, Lindbrook Capital LLC raised its position in shares of CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after buying an additional 155 shares during the period.

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.