CarMax (NYSE:KMX) Price Target Raised to $43.00 at Stephens

CarMax (NYSE:KMX) had its price target boosted by Stephens from $39.00 to $43.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also issued research reports about the stock. Barclays upped their price target on shares of CarMax from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 21st. Truist Financial boosted their target price on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, December 18th. Evercore set a $42.00 target price on shares of CarMax in a research report on Tuesday, February 10th. Robert W. Baird raised their price target on shares of CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, Wall Street Zen cut CarMax from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $39.71.

CarMax Trading Up 2.2%

NYSE KMX opened at $41.21 on Thursday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99. CarMax has a one year low of $30.26 and a one year high of $81.79. The company has a 50-day simple moving average of $43.21 and a 200-day simple moving average of $42.84. The firm has a market capitalization of $5.84 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.03 and a beta of 1.30.

Hedge Funds Weigh In On CarMax

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank grew its holdings in shares of CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of CarMax during the second quarter worth $28,000. MUFG Securities EMEA plc acquired a new stake in CarMax during the second quarter valued at $30,000. Center for Financial Planning Inc. purchased a new position in CarMax in the third quarter valued at about $31,000. Finally, Advisory Services Network LLC purchased a new position in CarMax in the third quarter valued at about $32,000.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.