CarMax Inc. (NYSE:KMX) has been given a $63.00 price objective by investment analysts at Goldman Sachs Group Inc. in a report released on Monday. The brokerage currently has a a “buy” rating on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 12.98% from the stock’s current price.
Several other equities research analysts also recently issued reports on KMX. Oppenheimer Holdings Inc. restated a “buy” rating and set a $60.00 price objective on shares of CarMax in a report on Tuesday, June 7th. Wedbush restated a “hold” rating and set a $44.00 price objective on shares of CarMax in a report on Thursday, June 16th. Buckingham Research restated a “buy” rating and set a $60.00 price objective on shares of CarMax in a report on Tuesday, June 21st. Robert W. Baird restated a “neutral” rating and set a $58.00 price objective (down from $60.00) on shares of CarMax in a report on Wednesday, June 22nd. Finally, Susquehanna initiated coverage on CarMax in a report on Thursday, August 25th. They set a “positive” rating and a $70.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $62.47.
Shares of CarMax (NYSE:KMX) opened at 55.76 on Monday. The stock has a 50 day moving average price of $58.35 and a 200 day moving average price of $53.56. CarMax has a 12-month low of $41.25 and a 12-month high of $60.81. The firm has a market capitalization of $10.68 billion, a P/E ratio of 18.22 and a beta of 1.46.
In other CarMax news, EVP Eric M. Margolin sold 12,639 shares of the business’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $60.21, for a total transaction of $760,994.19. Following the completion of the transaction, the executive vice president now owns 38,303 shares in the company, valued at approximately $2,306,223.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric M. Margolin sold 2,000 shares of the business’s stock in a transaction on Thursday, July 7th. The stock was sold at an average price of $50.75, for a total value of $101,500.00. Following the transaction, the executive vice president now owns 34,303 shares of the company’s stock, valued at approximately $1,740,877.25. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Carnick & Kubik Group LLC acquired a new position in shares of CarMax during the second quarter worth about $265,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of CarMax during the second quarter valued at $384,000. Kentucky Retirement Systems purchased a new stake in shares of CarMax during the second quarter valued at $808,000. Mason Street Advisors LLC purchased a new stake in shares of CarMax during the second quarter valued at $1,280,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of CarMax by 18.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,028 shares of the company’s stock valued at $393,000 after buying an additional 1,272 shares during the period.
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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