CarMax (NYSE:KMX) Price Target Raised to $80.00 at Mizuho

CarMax (NYSE:KMX) had its price target boosted by equities research analysts at Mizuho from $72.00 to $80.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential downside of 5.02% from the company’s previous close.

A number of other equities research analysts have also issued reports on KMX. Royal Bank of Canada raised their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Finally, BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $83.92.

CarMax Trading Up 3.5 %

NYSE KMX opened at $84.23 on Friday. The stock has a 50-day moving average of $78.77 and a 200-day moving average of $77.55. 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 has a 1-year low of $65.83 and a 1-year high of $91.25. The firm has a market cap of $13.05 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. As a group, sell-side analysts forecast that CarMax will post 3.01 EPS for the current year.

Hedge Funds Weigh In On CarMax

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP grew its stake in shares of CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in CarMax in the third quarter worth $32,000. True Wealth Design LLC boosted its holdings in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after acquiring an additional 436 shares in the last quarter. Blue Trust Inc. grew its stake in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the last quarter. Finally, Studio Investment Management LLC increased its holdings in shares of CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after acquiring an additional 334 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.