Analysts Set CarMax, Inc. (NYSE:KMX) Price Target at $81.00

Shares of CarMax, Inc. (NYSE:KMX) have earned an average rating of “Hold” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $81.00.

KMX has been the subject of a number of recent research reports. Truist Financial increased their price objective on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Wedbush restated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of CarMax in a report on Wednesday, October 16th.

Institutional Investors Weigh In On CarMax

Several large investors have recently made changes to their positions in KMX. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $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 in the 3rd quarter worth about $747,000. Neo Ivy Capital Management acquired a new position in CarMax during the 3rd quarter valued at about $3,934,000. iSAM Funds UK Ltd bought a new stake in shares of CarMax in the 3rd quarter worth $537,000. Finally, Centiva Capital LP acquired a new stake in CarMax during the third quarter valued at approximately $559,000.

CarMax Trading Down 0.6 %

Shares of NYSE:KMX opened at $86.26 on Wednesday. The company has a market cap of $13.36 billion, a PE ratio of 32.43, a P/E/G ratio of 1.76 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. The company’s 50 day moving average is $77.81 and its two-hundred day moving average is $77.14. CarMax has a 52 week low of $65.83 and a 52 week high of $88.22.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. 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.