CarMax (KMX) PT Set at $68.00 by Susquehanna Bancshares
CarMax (NYSE:KMX) has been given a $68.00 target price by analysts at Susquehanna Bancshares in a report issued on Tuesday. The brokerage currently has a “hold” rating on the stock. Susquehanna Bancshares’ target price indicates a potential upside of 3.74% from the company’s previous close.
KMX has been the subject of a number of other research reports. Citigroup boosted their target price on shares of CarMax to $84.00 and gave the stock a “buy” rating in a research report on Monday, September 25th. Zacks Investment Research lowered shares of CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Goldman Sachs Group lowered shares of CarMax from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $74.00 to $79.00 in a research report on Monday, September 25th. Wedbush reissued an “outperform” rating and set a $81.00 target price (up previously from $77.00) on shares of CarMax in a research report on Monday, September 25th. Finally, CIBC reissued a “market perform” rating on shares of CarMax in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. CarMax presently has a consensus rating of “Hold” and a consensus target price of $77.07.
CarMax (NYSE:KMX) opened at $65.55 on Tuesday. The firm has a market cap of $11,838.55, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.09 and a beta of 1.48. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83. CarMax has a 52-week low of $54.29 and a 52-week high of $77.64.
In other news, Director Edgar H. Grubb sold 11,388 shares of the business’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $76.36, for a total transaction of $869,587.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Mohammad Shamim sold 1,300 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $76.10, for a total transaction of $98,930.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,141 shares of company stock worth $9,399,449. Insiders own 1.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tredje AP fonden bought a new stake in CarMax in the third quarter valued at about $144,000. Seven Eight Capital LP bought a new stake in CarMax in the second quarter valued at about $133,000. YorkBridge Wealth Partners LLC increased its stake in CarMax by 1.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock valued at $149,000 after acquiring an additional 29 shares during the period. QS Investors LLC increased its stake in CarMax by 1.0% in the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after acquiring an additional 22 shares during the period. Finally, Commerce Bank bought a new stake in CarMax in the third quarter valued at about $203,000.
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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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