CarMax (KMX) – Investment Analysts’ Recent Ratings Updates

CarMax (NYSE: KMX) recently received a number of ratings updates from brokerages and research firms:

• 12/20/2024 – CarMax had its price target raised by analysts at JPMorgan Chase & Co. from $70.00 to $72.00. They now have an “underweight” rating on the stock.
• 12/20/2024 – CarMax had its price target raised by analysts at Mizuho from $72.00 to $80.00. They now have a “neutral” rating on the stock.
• 12/20/2024 – CarMax was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 12/20/2024 – CarMax had its price target raised by analysts at Truist Financial Co. from $72.00 to $88.00. They now have a “hold” rating on the stock.
• 12/20/2024 – CarMax had its price target raised by analysts at Needham & Company LLC from $90.00 to $98.00. They now have a “buy” rating on the stock.
• 12/19/2024 – CarMax had its price target raised by analysts at Royal Bank of Canada from $92.00 to $99.00. They now have an “overweight” rating on the stock.
• 12/19/2024 – CarMax had its price target raised by analysts at Evercore ISI from $83.00 to $85.00. They now have a “market perform” rating on the stock.
• 12/5/2024 – CarMax had its price target raised by analysts at JPMorgan Chase & Co. from $65.00 to $70.00. They now have an “underweight” rating on the stock.
• 12/5/2024 – CarMax is now covered by analysts at Stephens. They set an “equal weight” rating and a $86.00 price target on the stock.
• 12/3/2024 – CarMax had its price target raised by analysts at Evercore ISI from $81.00 to $83.00. They now have an “in-line” rating on the stock.

CarMax Price Performance

KMX traded up $1.21 during trading on Tuesday, hitting $84.91. The company’s stock had a trading volume of 901,644 shares, compared to its average volume of 1,941,071. The firm has a market capitalization of $13.15 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 1.76 and a beta of 1.71. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The business’s fifty day simple moving average is $79.22 and its 200 day simple moving average is $77.82. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, equities research analysts forecast that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. raised its stake in CarMax by 52.5% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 10,734 shares of the company’s stock valued at $787,000 after purchasing an additional 3,695 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CarMax by 0.5% during the second quarter. Bank of New York Mellon Corp now owns 972,307 shares of the company’s stock worth $71,309,000 after buying an additional 5,012 shares in the last quarter. Atomi Financial Group Inc. acquired a new stake in shares of CarMax in the second quarter valued at about $208,000. Cambridge Investment Research Advisors Inc. raised its position in shares of CarMax by 53.4% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 40,874 shares of the company’s stock valued at $2,998,000 after buying an additional 14,230 shares during the last quarter. Finally, 1834 Investment Advisors Co. lifted its stake in shares of CarMax by 31.1% in the second quarter. 1834 Investment Advisors Co. now owns 6,573 shares of the company’s stock worth $482,000 after buying an additional 1,561 shares in the last quarter.

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.