Natixis Advisors LLC Trims Stake in CarMax, Inc. (NYSE:KMX)

Natixis Advisors LLC lessened its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 38.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 345,224 shares of the company's stock after selling 218,384 shares during the quarter. Natixis Advisors LLC owned about 0.22% of CarMax worth $26,713,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Community Trust NA purchased a new position in CarMax in the second quarter worth $29,000. Quarry LP boosted its holdings in shares of CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company's stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of CarMax during the 3rd quarter valued at about $32,000. Blue Trust Inc. raised its holdings in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock valued at $37,000 after buying an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC lifted its position in CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company's stock worth $38,000 after buying an additional 334 shares during the last quarter.

Analysts Set New Price Targets

KMX has been the topic of a number of recent research reports. BNP Paribas upgraded shares of CarMax to a "strong sell" rating in a research report on Friday, September 27th. JPMorgan Chase & Co. boosted their price target on shares of CarMax from $55.00 to $65.00 and gave the stock an "underweight" rating in a research note on Thursday, September 19th. Truist Financial raised their price objective on CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a research note on Monday, September 23rd. Evercore ISI boosted their target price on CarMax from $76.00 to $79.00 and gave the company an "in-line" rating in a research note on Thursday, October 17th. Finally, Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $79.73.

CarMax Trading Down 3.0 %

Shares of NYSE:KMX traded down $2.28 during trading on Tuesday, hitting $74.82. The company had a trading volume of 865,748 shares, compared to its average volume of 1,889,753. The stock has a market cap of $11.59 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68. CarMax, Inc. has a one year low of $62.90 and a one year high of $88.22. The company has a fifty day simple moving average of $75.11 and a two-hundred day simple moving average of $75.56. 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 (NYSE:KMX - Get Free Report) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the prior year, the business posted $0.75 earnings per share. CarMax's revenue was down .9% on a year-over-year basis. As a group, equities 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.