CarMax’s (KMX) Outperform Rating Reiterated at Wedbush

CarMax (NYSE:KMX)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a research note issued on Monday,Benzinga reports. They presently have a $90.00 price target on the stock. Wedbush’s target price would suggest a potential upside of 43.50% from the company’s previous close. Wedbush also issued estimates for CarMax’s FY2027 earnings at $4.72 EPS.

A number of other analysts have also recently issued reports on KMX. StockNews.com cut CarMax from a “hold” rating to a “sell” rating in a research report on Friday, April 11th. Needham & Company LLC lowered their target price on shares of CarMax from $101.00 to $92.00 and set a “buy” rating on the stock in a research report on Friday, April 11th. Robert W. Baird reduced their price target on shares of CarMax from $95.00 to $90.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Evercore ISI lowered their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada dropped their price objective on shares of CarMax from $103.00 to $80.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $87.73.

CarMax Stock Performance

KMX traded down $1.87 on Monday, reaching $62.72. The company had a trading volume of 477,574 shares, compared to its average volume of 2,080,179. The stock has a 50-day moving average price of $76.62 and a 200-day moving average price of $78.79. The stock has a market capitalization of $9.58 billion, a PE ratio of 21.26, a P/E/G ratio of 1.67 and a beta of 1.58. CarMax has a 1 year low of $62.42 and a 1 year high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Insider Buying and Selling

In related news, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total transaction of $411,820.02. Following the sale, the senior vice president now owns 227 shares of the company’s stock, valued at approximately $19,199.66. The trade was a 95.55 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On CarMax

Several institutional investors have recently modified their holdings of the company. Cromwell Holdings LLC raised its holdings in CarMax by 104.8% during the fourth quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock worth $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP raised its stake in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares during the last quarter. Ameriflex Group Inc. purchased a new stake in shares of CarMax in the 4th quarter worth about $53,000. ST Germain D J Co. Inc. acquired a new stake in CarMax in the 4th quarter valued at about $58,000. Finally, Colonial Trust Co SC increased its holdings in CarMax by 2,310.0% during the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company’s stock valued at $59,000 after acquiring an additional 693 shares in the last quarter.

CarMax Company Profile

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.