Fmr LLC Purchases 1,713,379 Shares of CarMax, Inc. (NYSE:KMX)

FMR LLC increased its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 2,883.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,772,808 shares of the company's stock after purchasing an additional 1,713,379 shares during the period. FMR LLC owned approximately 1.14% of CarMax worth $137,180,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. First Community Trust NA bought a new position in CarMax during the second quarter valued at about $29,000. Quarry LP lifted its holdings in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company's stock worth $31,000 after buying an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in CarMax during the 3rd quarter worth $32,000. Blue Trust Inc. lifted its holdings in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock worth $37,000 after buying an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC lifted its stake in shares of CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company's stock valued at $38,000 after purchasing an additional 334 shares during the period.

CarMax Stock Performance

KMX stock traded down $0.60 during mid-day trading on Wednesday, hitting $83.62. 1,680,269 shares of the company were exchanged, compared to its average volume of 1,900,320. The business has a 50 day simple moving average of $76.22 and a 200-day simple moving average of $76.36. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $12.95 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.69 and a beta of 1.71. CarMax, Inc. has a 1-year low of $64.72 and a 1-year high of $88.22.

CarMax (NYSE:KMX - Get Free Report) last issued 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). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the business earned $0.75 earnings per share. The company's revenue was down .9% on a year-over-year basis. On average, equities analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of analyst reports. Evercore ISI increased their price target on CarMax from $81.00 to $83.00 and gave the company an "in-line" rating in a research note on Tuesday. Oppenheimer restated an "outperform" rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Needham & Company LLC reiterated a "buy" rating and set a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada reiterated an "outperform" rating and set a $82.00 target price on shares of CarMax in a report on Wednesday, October 16th. Finally, Truist Financial raised their price objective on CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $80.09.

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.