Janus Henderson Group PLC Purchases 28,466 Shares of CarMax, Inc. (NYSE:KMX)

Janus Henderson Group PLC boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 0.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,642,235 shares of the company’s stock after buying an additional 28,466 shares during the quarter. Janus Henderson Group PLC owned approximately 3.00% of CarMax worth $359,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC raised its holdings in CarMax by 4.6% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock valued at $217,000 after buying an additional 130 shares during the last quarter. Peoples Bank KS raised its holdings in CarMax by 10.0% during the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock valued at $108,000 after buying an additional 135 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in CarMax by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after purchasing an additional 142 shares in the last quarter. Allegheny Financial Group LTD raised its holdings in CarMax by 4.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock worth $264,000 after purchasing an additional 143 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. raised its holdings in CarMax by 1.6% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after purchasing an additional 170 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on KMX shares. Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price objective on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Oppenheimer restated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Finally, Evercore ISI upped their price objective on shares of CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a report on Tuesday. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $80.09.

CarMax Stock Performance

Shares of KMX stock opened at $84.22 on Wednesday. CarMax, Inc. has a one year low of $64.72 and a one year high of $88.22. The company’s 50-day moving average is $76.06 and its 200 day moving average is $76.28. The company has a market capitalization of $13.05 billion, a price-to-earnings ratio of 31.66, a price-to-earnings-growth ratio of 1.69 and a beta of 1.71. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25.

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 last year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Sell-side analysts expect that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

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.