CWA Asset Management Group LLC Takes Position in CarMax, Inc. (NYSE:KMX)

CWA Asset Management Group LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 32,297 shares of the company's stock, valued at approximately $2,499,000.

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

CarMax Trading Down 1.2 %

Shares of KMX traded down $0.90 during mid-day trading on Friday, reaching $75.54. The company had a trading volume of 1,391,035 shares, compared to its average volume of 1,462,511. CarMax, Inc. has a fifty-two week low of $61.73 and a fifty-two week high of $88.22. The firm has a fifty day simple moving average of $75.63 and a 200-day simple moving average of $75.15. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.57 and a beta of 1.68. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax's quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. On average, sell-side analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price target on shares of CarMax in a report on Wednesday, October 16th. Wedbush reiterated an "outperform" rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price target on CarMax from $55.00 to $65.00 and gave the stock an "underweight" rating in a research report on Thursday, September 19th. Royal Bank of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Finally, Oppenheimer reiterated an "outperform" rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Four analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, CarMax presently has an average rating of "Hold" and an average price target of $79.73.

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.