KMX has been the topic of a number of other reports. Oppenheimer reissued a buy rating on shares of CarMax in a research note on Friday, September 1st. Deutsche Bank dropped their price target on CarMax from $84.00 to $76.00 and set a hold rating on the stock in a research note on Sunday, November 26th. CIBC reissued a market perform rating on shares of CarMax in a research note on Thursday, October 5th. Wedbush reaffirmed an outperform rating and issued a $81.00 target price on shares of CarMax in a report on Friday, December 22nd. Finally, Zacks Investment Research lowered CarMax from a buy rating to a hold rating in a report on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $77.07.
Shares of CarMax (NYSE KMX) opened at $72.33 on Monday. CarMax has a 52-week low of $54.29 and a 52-week high of $77.64. The firm has a market capitalization of $13,080.00, a price-to-earnings ratio of 19.39, a P/E/G ratio of 1.19 and a beta of 1.48. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83.
CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.72 EPS. analysts forecast that CarMax will post 3.86 earnings per share for the current fiscal year.
In related news, Director William R. Tiefel sold 13,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $75.30, for a total value of $978,900.00. Following the sale, the director now directly owns 151,659 shares of the company’s stock, valued at $11,419,922.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 value of $335,310.90. Following the completion of the sale, the executive vice president now directly owns 22,051 shares in the company, valued at $1,660,440.30. The disclosure for this sale can be found here. Insiders sold 65,453 shares of company stock worth $4,684,291 in the last quarter. 1.90% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Strs Ohio lifted its holdings in shares of CarMax by 129.6% during the second quarter. Strs Ohio now owns 6,306 shares of the company’s stock valued at $397,000 after purchasing an additional 3,560 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of CarMax by 21.4% during the second quarter. Canada Pension Plan Investment Board now owns 18,794 shares of the company’s stock valued at $1,185,000 after purchasing an additional 3,308 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of CarMax by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock valued at $40,552,000 after purchasing an additional 24,390 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of CarMax during the second quarter valued at approximately $1,638,000. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of CarMax by 0.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 544,445 shares of the company’s stock valued at $34,333,000 after purchasing an additional 2,322 shares during the last quarter.
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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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