Radnor Capital Management LLC Takes $373,000 Position in CarMax, Inc. (NYSE:KMX)

Radnor Capital Management LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,820 shares of the company’s stock, valued at approximately $373,000.

Several other institutional investors have also recently added to or reduced their stakes in KMX. Janney Montgomery Scott LLC grew its stake in shares of CarMax by 1.3% in the first quarter. Janney Montgomery Scott LLC now owns 27,448 shares of the company’s stock valued at $2,391,000 after buying an additional 342 shares in the last quarter. Nordea Investment Management AB boosted its holdings in CarMax by 6.6% during the 1st quarter. Nordea Investment Management AB now owns 13,378 shares of the company’s stock valued at $1,166,000 after acquiring an additional 831 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its position in CarMax by 111.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,328 shares of the company’s stock valued at $638,000 after acquiring an additional 3,865 shares in the last quarter. Chevy Chase Trust Holdings LLC increased its stake in CarMax by 0.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 89,037 shares of the company’s stock worth $7,756,000 after purchasing an additional 404 shares during the period. Finally, Empirical Finance LLC lifted its position in shares of CarMax by 3.4% during the first quarter. Empirical Finance LLC now owns 5,844 shares of the company’s stock worth $509,000 after purchasing an additional 191 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on KMX shares. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a report on Wednesday, October 16th. StockNews.com upgraded shares of CarMax to a “sell” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. increased their price objective on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Needham & Company LLC reissued a “buy” rating and set a $90.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Finally, Wedbush restated an “outperform” rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $79.73.

CarMax Price Performance

Shares of KMX opened at $76.44 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a 1-year low of $61.73 and a 1-year high of $88.22. The stock has a market cap of $11.84 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.68. The firm has a fifty day moving average price of $75.81 and a 200 day moving average price of $75.06.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, sell-side analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current year.

CarMax Company 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.