CarMax, Inc (NYSE:KMX) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $96.47 and last traded at $95.65, with a volume of 340834 shares trading hands. The stock had previously closed at $94.16.
A number of research analysts recently commented on KMX shares. Wedbush reissued a “neutral” rating on shares of CarMax in a report on Thursday, October 3rd. Morgan Stanley reduced their price target on CarMax from $99.00 to $97.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Buckingham Research increased their price target on CarMax from $94.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, September 25th. Finally, Stephens increased their price target on CarMax from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $95.42.
The stock has a market cap of $15.44 billion, a PE ratio of 20.02, a P/E/G ratio of 1.41 and a beta of 1.14. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.42 and a quick ratio of 0.56. The business has a fifty day moving average of $91.44 and a 200 day moving average of $85.25.
In other CarMax news, SVP Darren C. Newberry sold 24,551 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $90.51, for a total transaction of $2,222,111.01. Following the sale, the senior vice president now owns 7,413 shares in the company, valued at $670,950.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.09% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. AdvisorNet Financial Inc raised its stake in CarMax by 86.9% during the second quarter. AdvisorNet Financial Inc now owns 398 shares of the company’s stock valued at $35,000 after buying an additional 185 shares in the last quarter. NuWave Investment Management LLC raised its stake in CarMax by 466.7% during the third quarter. NuWave Investment Management LLC now owns 425 shares of the company’s stock valued at $37,000 after buying an additional 350 shares in the last quarter. Hanson & Doremus Investment Management acquired a new stake in CarMax during the second quarter valued at approximately $51,000. Capital Investment Advisory Services LLC raised its stake in CarMax by 1,397.4% during the third quarter. Capital Investment Advisory Services LLC now owns 584 shares of the company’s stock valued at $51,000 after buying an additional 545 shares in the last quarter. Finally, FNY Investment Advisers LLC raised its stake in CarMax by 6,633.3% during the second quarter. FNY Investment Advisers LLC now owns 588 shares of the company’s stock valued at $51,000 after buying an additional 597 shares in the last quarter.
About CarMax (NYSE:KMX)
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
Read More: What are earnings reports?
Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.