Wood & Company upgraded shares of CarMax (NYSE:KMX) from a market perform rating to an outperform rating in a research report report published on Thursday morning, The Fly reports. Wood & Company currently has $88.00 target price on the stock, up from their previous target price of $80.00.
Several other equities research analysts also recently weighed in on the company. Credit Suisse Group raised CarMax to a buy rating and set a $83.00 price objective on the stock in a report on Monday, December 25th. Deutsche Bank downgraded CarMax from a buy rating to a hold rating and set a $76.00 price objective on the stock. in a report on Friday, November 17th. Northcoast Research raised CarMax from a neutral rating to a buy rating in a report on Thursday, December 14th. Zacks Investment Research downgraded CarMax from a buy rating to a hold rating in a report on Tuesday, October 31st. Finally, Oppenheimer reissued a hold rating and set a $80.00 price objective on shares of CarMax in a report on Wednesday, December 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $78.33.
Shares of CarMax (NYSE KMX) traded up $0.04 during mid-day trading on Thursday, hitting $70.58. The company’s stock had a trading volume of 1,202,842 shares, compared to its average volume of 1,984,928. The firm has a market cap of $12,757.01, a P/E ratio of 18.92, a PEG ratio of 1.24 and a beta of 1.48. CarMax has a 52-week low of $54.29 and a 52-week high of $77.64. 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, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction dated 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 can be accessed through the SEC website. Also, EVP Eric M. Margolin sold 4,453 shares of CarMax stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $75.30, for a total value of $335,310.90. Following the completion of the transaction, the executive vice president now directly owns 22,051 shares of the company’s stock, valued at $1,660,440.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 72,037 shares of company stock valued at $5,140,835. 1.70% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. raised its position in shares of CarMax by 6.1% in the 3rd 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 in the last quarter. Magnetar Financial LLC bought a new position in shares of CarMax in the 3rd quarter worth about $1,445,000. Toronto Dominion Bank raised its position in shares of CarMax by 24.2% in the 2nd 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 in the last quarter. California Public Employees Retirement System raised its position in shares of CarMax by 1.9% in the 3rd quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after acquiring an additional 8,205 shares in the last quarter. Finally, Aperio Group LLC raised its position in shares of CarMax by 6.4% in the 3rd quarter. Aperio Group LLC now owns 79,277 shares of the company’s stock worth $6,010,000 after acquiring an additional 4,767 shares in the last quarter.
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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