CarMax (NYSE:KMX) was upgraded by equities research analysts at Berenberg Bank from a “hold” rating to a “buy” rating in a report released on Monday, January 8th, Marketbeat Ratings reports. The brokerage presently has a $83.00 target price on the stock. Berenberg Bank’s price target indicates a potential upside of 18.84% from the stock’s previous close.
Several other equities analysts have also issued reports on the company. Susquehanna Bancshares set a $68.00 price target on CarMax and gave the stock a “hold” rating in a research report on Monday, January 1st. Wedbush set a $81.00 price objective on CarMax and gave the stock a “buy” rating in a research report on Thursday, December 28th. Credit Suisse Group upgraded CarMax to a “buy” rating and set a $83.00 price objective on the stock in a research report on Monday, December 25th. Northcoast Research upgraded CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Finally, Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $77.07.
Shares of CarMax (KMX) opened at $69.84 on Monday. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. The firm has a market capitalization of $12,899.88, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.25 and a beta of 1.48. CarMax has a 1-year low of $54.29 and a 1-year high of $77.64.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.04, for a total value of $512,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Tiefel sold 13,000 shares of CarMax stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $75.30, for a total value of $978,900.00. Following the completion of the sale, the director now directly owns 151,659 shares of the company’s stock, valued at approximately $11,419,922.70. The disclosure for this sale can be found here. In the last three months, insiders sold 57,453 shares of company stock valued at $4,083,571. Corporate insiders own 1.70% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. grew its holdings in shares of CarMax by 3.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock worth $40,552,000 after acquiring an additional 24,390 shares during the period. Prudential Financial Inc. grew its holdings in shares of CarMax by 6.1% in the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after acquiring an additional 15,545 shares during the period. Magnetar Financial LLC bought a new stake in shares of CarMax in the third quarter worth $1,445,000. Victory Capital Management Inc. grew its holdings in shares of CarMax by 16.1% in the second quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock worth $1,364,000 after acquiring an additional 3,002 shares during the period. Finally, Toronto Dominion Bank grew its holdings in shares of CarMax by 24.2% in the second quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock worth $3,957,000 after acquiring an additional 12,234 shares during the period.
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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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