Icon Wealth Advisors LLC Grows Position in CarMax, Inc. (NYSE:KMX)

Icon Wealth Advisors LLC increased its position in CarMax, Inc. (NYSE:KMX) by 5.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,566 shares of the company’s stock after purchasing an additional 359 shares during the period. Icon Wealth Advisors LLC’s holdings in CarMax were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. First Community Trust NA purchased a new stake in shares of CarMax in the 2nd quarter worth about $29,000. Quarry LP boosted its stake in CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new stake in CarMax in the third quarter worth about $32,000. Blue Trust Inc. increased its stake in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC increased its stake in shares of CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares in the last quarter.

Analyst Upgrades and Downgrades

KMX has been the topic of several recent research reports. Truist Financial upped their price target on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Evercore ISI upped their price target 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. Finally, Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. 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, CarMax has an average rating of “Hold” and a consensus target price of $79.73.

CarMax Stock Down 0.7 %

KMX opened at $84.01 on Friday. CarMax, Inc. has a twelve month low of $62.90 and a twelve month high of $88.22. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The firm has a 50 day moving average price of $75.77 and a 200-day moving average price of $76.13. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.72 and a beta of 1.68.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share 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 company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. CarMax’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts forecast that CarMax, Inc. will post 2.99 earnings per share 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.