Deutsche Bank Cuts CarMax (KMX) Price Target to $63.00

CarMax (NYSE:KMX) had its price objective trimmed by Deutsche Bank from $76.00 to $63.00 in a research note issued to investors on Thursday. The firm currently has a hold rating on the stock.

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.

How to Become a New Pot Stock Millionaire

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.

CarMax (NYSE:KMX) last issued its earnings results on Wednesday, April 4th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.10). The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.18 billion. CarMax had a net margin of 3.88% and a return on equity of 21.09%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. research analysts anticipate that CarMax will post 4.45 earnings per share for the current fiscal year.

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.

ILLEGAL ACTIVITY WARNING: “Deutsche Bank Cuts CarMax (KMX) Price Target to $63.00” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/3336057/deutsche-bank-cuts-carmax-kmx-price-target-to-63-00.html.

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.

Analyst Recommendations for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

PRIZM Price Tops $0.96 on Exchanges
PRIZM Price Tops $0.96 on Exchanges
Aerium  Price Reaches $0.0033 on Major Exchanges
Aerium Price Reaches $0.0033 on Major Exchanges
Barclays Increases Chipotle Mexican Grill  Price Target to $320.00
Barclays Increases Chipotle Mexican Grill Price Target to $320.00
comdirect bank  Given a €11.20 Price Target by equinet Analysts
comdirect bank Given a €11.20 Price Target by equinet Analysts
The Linde Group  Given a €180.00 Price Target at Commerzbank
The Linde Group Given a €180.00 Price Target at Commerzbank
equinet Analysts Give O2  a €3.40 Price Target
equinet Analysts Give O2 a €3.40 Price Target


© 2006-2018 Ticker Report. Google+.