Oppenheimer Keeps Their Buy Rating on CarMax

By Ryan Adsit

In a report released today, Brian Nagel from Oppenheimer maintained a Buy rating on CarMax (NYSE: KMX). The company’s shares opened today at $62.27.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 4.9% and a 58.2% success rate. Nagel covers the Services sector, focusing on stocks such as Restoration Hardware Holdings Inc, Lululemon Athletica Inc, and Dick’s Sporting Goods.

Currently, the analyst consensus on CarMax is Moderate Buy and the average price target is $78.71, representing a 26.4% upside.

In a report issued on February 12, RBC Capital also reiterated a Buy rating on the stock with a $78 price target.

Based on CarMax’s latest earnings report for the quarter ending November 30, the company posted quarterly revenue of $4.11 billion and quarterly net profit of $149 million. In comparison, last year the company earned revenue of $3.7 billion and had a net profit of $137 million.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. Last month, Eric Margolin, the EVP, GC & Sec of KMX sold 20,000 shares for a total of $1,435,600.

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 operates as a retailer of used vehicles and wholesale vehicle auction operator. It operates through the following segments: CarMax Sales Operations and CarMax Auto Finance.