A number of other brokerages have also commented on KMX. Wedbush restated an outperform rating and issued a $81.00 target price on shares of CarMax in a research note on Friday, December 22nd. Oppenheimer upgraded CarMax from a market perform rating to an outperform rating and upped their target price for the company from $80.00 to $88.00 in a research note on Thursday, January 18th. Credit Suisse Group cut their target price on CarMax from $83.00 to $71.54 and set an outperform rating for the company in a research note on Friday, January 26th. Zacks Investment Research lowered CarMax from a buy rating to a hold rating in a research note on Tuesday, December 12th. Finally, William Blair restated an outperform rating on shares of CarMax in a research note on Tuesday, March 27th. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. CarMax currently has a consensus rating of Buy and an average target price of $78.85.
Shares of NYSE KMX traded down $1.87 during trading hours on Thursday, reaching $60.37. The stock had a trading volume of 2,025,774 shares, compared to its average volume of 2,273,049. The company has a current ratio of 2.61, a quick ratio of 0.51 and a debt-to-equity ratio of 3.84. The firm has a market capitalization of $11,344.59, a price-to-earnings ratio of 16.22, a PEG ratio of 0.95 and a beta of 1.55. CarMax has a twelve month low of $55.05 and a twelve month high of $77.64.
In other news, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.40, for a total transaction of $579,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Darren C. Newberry sold 6,584 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total value of $478,064.24. The disclosure for this sale can be found here. Insiders have sold 50,584 shares of company stock valued at $3,553,344 over the last quarter. Corporate insiders own 1.70% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Magnetar Financial LLC bought a new stake in shares of CarMax during the third quarter worth $1,445,000. Leith Wheeler Investment Counsel Ltd. grew its holdings in shares of CarMax by 10.5% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 33,909 shares of the company’s stock worth $2,175,000 after purchasing an additional 3,210 shares during the last quarter. Mar Vista Investment Partners LLC bought a new stake in shares of CarMax during the fourth quarter worth $38,803,000. LFL Advisers LLC grew its holdings in shares of CarMax by 27.3% during the fourth quarter. LFL Advisers LLC now owns 210,000 shares of the company’s stock worth $13,467,000 after purchasing an additional 45,000 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of CarMax by 1.9% during the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after purchasing an additional 8,205 shares during the last quarter.
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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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