CarMax, Inc. (NYSE:KMX) Shares Acquired by HF Advisory Group LLC

HF Advisory Group LLC boosted its position in CarMax, Inc. (NYSE:KMX) by 3.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,571 shares of the company’s stock after purchasing an additional 739 shares during the period. HF Advisory Group LLC’s holdings in CarMax were worth $1,979,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Pacific Advisors LP lifted its holdings in shares of CarMax by 2.0% in the second quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock valued at $175,005,000 after buying an additional 47,184 shares during the period. Dimensional Fund Advisors LP lifted its holdings in CarMax by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after acquiring an additional 51,397 shares during the last quarter. Vulcan Value Partners LLC boosted its position in shares of CarMax by 299.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after purchasing an additional 1,369,986 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of CarMax by 21.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock worth $121,479,000 after purchasing an additional 288,165 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in shares of CarMax by 11.2% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,343,290 shares of the company’s stock worth $98,517,000 after purchasing an additional 134,987 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KMX. Evercore ISI raised their target price on shares of CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Finally, Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Four equities research 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 data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $79.73.

CarMax Stock Up 1.1 %

KMX stock opened at $73.87 on Wednesday. The company has a 50 day moving average of $76.35 and a two-hundred day moving average of $75.00. 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 12-month low of $61.73 and a 12-month high of $88.22. The company has a market cap of $11.44 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 1.47 and a beta of 1.68.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $6.83 billion. During the same period in the previous year, the business posted $0.75 EPS. CarMax’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

CarMax Profile

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.