Berenberg Bank upgraded shares of CarMax (NYSE:KMX) from a hold rating to a buy rating in a research report released on Monday morning, MarketBeat reports. The brokerage currently has $83.00 target price on the stock.
KMX has been the subject of several other reports. Credit Suisse Group raised shares of CarMax to a buy rating and set a $83.00 target price for the company in a research note on Monday, December 25th. Deutsche Bank cut their target price on shares of CarMax from $84.00 to $76.00 and set a hold rating for the company in a research note on Sunday, November 26th. CIBC reaffirmed a market perform rating on shares of CarMax in a research note on Thursday, October 5th. Wedbush reaffirmed an outperform rating and set a $81.00 target price on shares of CarMax in a research note on Friday, December 22nd. Finally, Northcoast Research raised shares of CarMax from a neutral rating to a buy rating in a research note on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $77.07.
Shares of CarMax (NYSE KMX) opened at $71.99 on Monday. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. The stock has a market cap of $13,000.00, a price-to-earnings ratio of 19.30, a PEG ratio of 1.19 and a beta of 1.48. CarMax has a 52 week low of $54.29 and a 52 week high of $77.64.
CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.72 earnings per share. research analysts anticipate that CarMax will post 3.86 EPS for the current year.
In other news, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $64.04, for a total value of $512,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric M. Margolin sold 4,453 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $75.30, for a total transaction of $335,310.90. Following the completion of the sale, the executive vice president now owns 22,051 shares of the company’s stock, valued at approximately $1,660,440.30. The disclosure for this sale can be found here. Insiders have sold 65,453 shares of company stock valued at $4,684,291 in the last quarter. 1.90% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in CarMax by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock worth $1,146,758,000 after buying an additional 380,038 shares during the period. BlackRock Inc. increased its stake in CarMax by 0.5% in the 2nd quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock worth $702,643,000 after buying an additional 53,840 shares during the period. Principal Financial Group Inc. increased its stake in CarMax by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock worth $706,487,000 after buying an additional 142,175 shares during the period. Broad Run Investment Management LLC increased its stake in CarMax by 0.9% in the 2nd quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock worth $212,969,000 after buying an additional 29,846 shares during the period. Finally, Nordea Investment Management AB increased its stake in CarMax by 751.0% in the 2nd quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock worth $135,465,000 after buying an additional 1,895,763 shares during the period.
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CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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