CarMax (NYSE:KMX) Given New $80.00 Price Target at Mizuho

CarMax (NYSE:KMX) had its price objective upped by Mizuho from $72.00 to $80.00 in a research note issued to investors on Friday,Benzinga reports. Mizuho currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on KMX. Oppenheimer restated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. BNP Paribas raised CarMax to a “strong sell” rating in a research note on Friday, September 27th. Stephens began coverage on CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Royal Bank of Canada boosted their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Evercore ISI lifted their price target on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, CarMax currently has an average rating of “Hold” and an average price target of $85.17.

CarMax Price Performance

Shares of NYSE:KMX opened at $84.27 on Friday. The business’s 50 day moving average is $78.77 and its 200-day moving average is $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. The firm has a market capitalization of $13.06 billion, a PE ratio of 31.68, a PEG ratio of 1.76 and a beta of 1.71. CarMax has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share 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 analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. Sell-side analysts predict that CarMax will post 3.01 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Oddo BHF Asset Management Sas bought a new stake in CarMax in the 3rd quarter valued at $2,229,000. Franklin Resources Inc. boosted its position in CarMax by 53.3% during the 3rd quarter. Franklin Resources Inc. now owns 27,362 shares of the company’s stock worth $1,999,000 after acquiring an additional 9,509 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of CarMax by 141.8% in the third quarter. Tidal Investments LLC now owns 13,019 shares of the company’s stock valued at $1,007,000 after purchasing an additional 7,635 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of CarMax in the third quarter worth $351,000. Finally, World Investment Advisors LLC bought a new position in CarMax in the third quarter valued at $6,942,000.

About CarMax

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.