Other analysts also recently issued research reports about the company. UBS Group downgraded CarMax from an outperform rating to a market perform rating in a research note on Thursday, October 5th. Oppenheimer downgraded CarMax from an outperform rating to a market perform rating and set a $80.00 price target on the stock. in a research note on Thursday, October 5th. CIBC restated a market perform rating on shares of CarMax in a research note on Thursday, October 5th. Berenberg Bank began coverage on CarMax in a research report on Wednesday, October 4th. They issued a hold rating and a $83.00 price objective on the stock. Finally, Zacks Investment Research cut CarMax from a buy rating to a hold rating in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. CarMax has a consensus rating of Hold and a consensus target price of $77.57.
Shares of CarMax (NYSE:KMX) traded down $0.77 during trading hours on Monday, reaching $65.23. The company had a trading volume of 2,431,000 shares, compared to its average volume of 2,248,940. CarMax has a 52 week low of $54.29 and a 52 week high of $77.64. The stock has a market cap of $11,838.55, a P/E ratio of 17.49, a PEG ratio of 1.09 and a beta of 1.48. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.51 and a current ratio of 2.70.
In other news, SVP Diane L. Cafritz sold 5,671 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $73.95, for a total transaction of $419,370.45. Following the completion of the transaction, the senior vice president now owns 7,475 shares in the company, valued at $552,776.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $67.50, for a total value of $540,000.00. Following the transaction, the director now owns 439,572 shares of the company’s stock, valued at approximately $29,671,110. The disclosure for this sale can be found here. Insiders sold a total of 189,569 shares of company stock valued at $14,123,448 in the last quarter. 1.90% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. Seven Eight Capital LP bought a new stake in CarMax in the second quarter worth about $133,000. Tredje AP fonden bought a new stake in CarMax in the third quarter worth about $144,000. QS Investors LLC lifted its stake in CarMax by 1.0% in the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after purchasing an additional 22 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its stake in CarMax by 1.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after purchasing an additional 29 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in shares of CarMax during the second quarter valued at approximately $201,000.
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CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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