CarMax (NYSE:KMX) Upgraded at StockNews.com

StockNews.com upgraded shares of CarMax (NYSE:KMX) to a sell rating in a report issued on Friday.

Several other research analysts also recently issued reports on the stock. Evercore ISI raised their price objective on shares of CarMax from $68.00 to $72.00 and gave the stock an in-line rating in a research report on Tuesday, July 16th. Wedbush raised their price target on CarMax from $85.00 to $95.00 and gave the stock an outperform rating in a report on Wednesday, July 17th. Royal Bank of Canada upped their price objective on CarMax from $73.00 to $75.00 and gave the company an outperform rating in a research note on Monday, June 24th. Mizuho dropped their target price on CarMax from $75.00 to $72.00 and set a neutral rating on the stock in a report on Tuesday, June 18th. Finally, Argus raised CarMax to a hold rating in a report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, CarMax has an average rating of Hold and an average price target of $76.25.

CarMax Stock Up 1.8 %

KMX opened at $83.02 on Friday. CarMax has a one year low of $59.66 and a one year high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The stock has a market capitalization of $12.96 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.69 and a beta of 1.69. The business’s 50-day simple moving average is $73.66 and its 200-day simple moving average is $74.46.

CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.94 by $0.03. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm’s revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 earnings per share. Analysts anticipate that CarMax will post 2.99 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $72,097.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William D. Nash sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 160,243 shares of company stock worth $12,836,542. Corporate insiders own 1.66% of the company’s stock.

Institutional Investors Weigh In On CarMax

Several institutional investors and hedge funds have recently made changes to their positions in KMX. Allworth Financial LP raised its position in CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. First Community Trust NA acquired a new position in shares of CarMax during the 2nd quarter worth approximately $29,000. Mendota Financial Group LLC purchased a new stake in CarMax in the 4th quarter valued at approximately $37,000. Blue Trust Inc. grew its holdings in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the last quarter. Finally, MCF Advisors LLC acquired a new position in shares of CarMax in the fourth quarter worth $46,000.

CarMax Company Profile

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.