CarMax (NYSE:KMX) Price Target Lowered to $65.00 at JPMorgan Chase & Co.

CarMax (NYSE:KMX) had its target price cut by JPMorgan Chase & Co. from $72.00 to $65.00 in a research note released on Thursday morning,Benzinga reports. They currently have an underweight rating on the stock.

Several other research analysts have also recently issued reports on the stock. Royal Bank of Canada lifted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. Evercore ISI decreased their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Needham & Company LLC boosted their price target on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial increased their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $90.18.

CarMax Stock Up 2.7 %

Shares of NYSE:KMX opened at $77.12 on Thursday. CarMax has a 12-month low of $65.83 and a 12-month high of $91.25. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 1.67 and a beta of 1.76. The stock has a fifty day simple moving average of $80.51 and a two-hundred day simple moving average of $79.32. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

Insider Transactions at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the transaction, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. This represents a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP James Lyski sold 57,986 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the sale, the executive vice president now owns 22,803 shares in the company, valued at $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,709 shares of company stock worth $7,642,379 in the last 90 days. 1.66% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CarMax

Institutional investors have recently bought and sold shares of the business. Centaurus Financial Inc. grew its position in shares of CarMax by 32.1% during the fourth quarter. Centaurus Financial Inc. now owns 9,969 shares of the company’s stock worth $815,000 after purchasing an additional 2,422 shares in the last quarter. Siemens Fonds Invest GmbH purchased a new stake in CarMax during the 4th quarter valued at approximately $1,131,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of CarMax during the fourth quarter valued at approximately $8,848,000. Ameriflex Group Inc. purchased a new position in shares of CarMax in the fourth quarter worth $53,000. Finally, Ascent Group LLC increased its holdings in CarMax by 7.0% in the 4th quarter. Ascent Group LLC now owns 54,315 shares of the company’s stock valued at $4,441,000 after acquiring an additional 3,530 shares during the last quarter.

About CarMax

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.