CarMax, Inc. (NYSE:KMX) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. decreased its holdings in CarMax, Inc. (NYSE:KMX) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 20,468 shares of the company’s stock after selling 1,402 shares during the period. Logan Capital Management Inc.’s holdings in CarMax were worth $1,584,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. FMR LLC increased its holdings in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after purchasing an additional 1,713,379 shares during the last quarter. Vulcan Value Partners LLC grew its holdings in CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after buying an additional 1,369,986 shares in the last quarter. Holocene Advisors LP increased its stake in shares of CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after acquiring an additional 834,232 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of CarMax by 87.6% during the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock worth $85,118,000 after acquiring an additional 541,967 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of CarMax by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after acquiring an additional 436,342 shares during the last quarter.

Analyst Upgrades and Downgrades

KMX has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. 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 note on Monday, September 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Finally, 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. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, CarMax presently has an average rating of “Hold” and an average target price of $81.00.

CarMax Trading Down 0.6 %

KMX opened at $86.26 on Friday. 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 market cap of $13.36 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.76 and a beta of 1.71. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $88.22. The business has a fifty day simple moving average of $77.81 and a 200-day simple moving average of $77.14.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The firm had revenue of $7.01 billion for 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 business’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 earnings per share. On average, equities analysts expect that CarMax, Inc. will post 3.01 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.