CarMax (KMX) Received its Third Buy in a Row

After RBC Capital and Robert W. Baird gave CarMax (NYSE: KMX) a Buy rating last month, the company received another Buy, this time from Oppenheimer. Analyst Brian Nagel assigned a Buy rating to CarMax today and set a price target of $153.00. The company’s shares closed last Friday at $133.24, close to its 52-week high of $136.54.

According to, Nagel is a top 25 analyst with an average return of 38.8% and a 78.6% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and The Lovesac Company.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for CarMax with a $145.00 average price target.

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Based on CarMax’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $5.16 billion and net profit of $210 million. In comparison, last year the company earned revenue of $4.96 billion and had a net profit of $215 million.

Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KMX in relation to earlier this year. Last month, Thomas Folliard, a Director at KMX sold 185,120 shares for a total of $24,336,967.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CarMax, Inc. is as a holding company, which engages in the retail of used vehicles and wholesale vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) business segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations. The CAF segment provides vehicle financing to customers buying retail vehicles. The company was founded by Richard L. Sharp and William Austin Ligon in September 1993 and is headquartered in Richmond, VA.

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