CarMax, Inc. (NYSE:KMX) Receives $41.21 Consensus Target Price from Analysts

Shares of CarMax, Inc. (NYSE:KMX) have been assigned a consensus recommendation of “Reduce” from the twenty brokerages that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.2667.

A number of equities analysts have recently issued reports on KMX shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $41.00 target price on shares of CarMax in a report on Wednesday, April 15th. Bank of America started coverage on CarMax in a report on Wednesday, April 15th. They issued an “underperform” rating and a $40.00 target price for the company. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Finally, UBS Group began coverage on CarMax in a report on Wednesday. They issued a “neutral” rating and a $42.00 target price for the company.

Institutional Investors Weigh In On CarMax

A number of hedge funds and other institutional investors have recently bought and sold shares of KMX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares in the last quarter. Empowered Funds LLC increased its holdings in CarMax by 12.5% during the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after purchasing an additional 585 shares in the last quarter. Intech Investment Management LLC increased its holdings in CarMax by 61.7% during the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after purchasing an additional 7,307 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in CarMax during the 1st quarter valued at $727,000.

CarMax Trading Up 0.6%

Shares of KMX opened at $40.56 on Wednesday. CarMax has a 1 year low of $30.26 and a 1 year high of $71.99. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93. The stock has a 50 day simple moving average of $40.55 and a 200-day simple moving average of $41.01. The stock has a market cap of $5.75 billion, a PE ratio of 25.35, a PEG ratio of 1.52 and a beta of 1.19.

CarMax (NYSE:KMX) last issued its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the prior year, the firm posted $0.58 EPS. CarMax’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts predict that CarMax will post 2.3 EPS for the current fiscal year.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.