Ascent Group LLC Purchases 4,806 Shares of CarMax, Inc. (NYSE:KMX)

Ascent Group LLC raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 10.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,785 shares of the company’s stock after acquiring an additional 4,806 shares during the period. Ascent Group LLC’s holdings in CarMax were worth $3,930,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. First Community Trust NA bought a new position in shares of CarMax during the 2nd quarter valued at $29,000. Quarry LP grew its stake in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of CarMax in the third quarter worth about $32,000. True Wealth Design LLC increased its holdings in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after buying an additional 436 shares during the period. Finally, Blue Trust Inc. lifted its stake in shares of CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares during the last quarter.

CarMax Trading Down 0.7 %

KMX opened at $83.97 on Monday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 52 week low of $62.90 and a 52 week high of $88.22. The stock has a market cap of $13.01 billion, a PE ratio of 31.57, a PEG ratio of 1.71 and a beta of 1.68. The business has a 50 day moving average of $75.93 and a 200-day moving average of $76.20.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the business posted $0.75 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on KMX. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Evercore ISI lifted their target price on shares of CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, October 17th. Truist Financial increased their price target on shares of CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.73.

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.