Shares of CarMax, Inc. (NYSE:KMX - Get Free Report) have been given an average rating of "Hold" by the fourteen research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $87.73.
KMX has been the topic of several recent research reports. StockNews.com upgraded CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Cfra Research upgraded CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Royal Bank of Canada reiterated an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Robert W. Baird dropped their price target on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Wedbush reissued an "outperform" rating and set a $90.00 price objective on shares of CarMax in a research report on Monday, April 21st.
Check Out Our Latest Research Report on KMX
CarMax Stock Performance
NYSE KMX traded down $0.43 on Friday, reaching $67.39. 988,188 shares of the company's stock traded hands, compared to its average volume of 2,140,389. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 1.67 and a beta of 1.45. The stock has a 50 day moving average price of $70.27 and a 200-day moving average price of $77.88. CarMax has a fifty-two week low of $61.67 and a fifty-two week high of $91.25. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.
Insider Activity
In related news, Director Mitchell D. Steenrod acquired 1,300 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was acquired at an average price of $65.49 per share, for a total transaction of $85,137.00. Following the purchase, the director now owns 33,577 shares of the company's stock, valued at $2,198,957.73. This represents a 4.03% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.66% of the company's stock.
Hedge Funds Weigh In On CarMax
Institutional investors and hedge funds have recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in shares of CarMax during the first quarter worth $27,000. Accent Capital Management LLC acquired a new position in shares of CarMax during the first quarter worth $34,000. Cromwell Holdings LLC grew its stake in shares of CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company's stock worth $35,000 after purchasing an additional 217 shares in the last quarter. Strengthening Families & Communities LLC grew its stake in shares of CarMax by 93.1% during the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company's stock worth $39,000 after purchasing an additional 256 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company's stock worth $51,000 after purchasing an additional 249 shares in the last quarter.
CarMax Company Profile
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Get Free ReportCarMax, 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.
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