Pinnacle Financial Partners Inc Has $185,000 Stake in CarMax, Inc. (NYSE:KMX)

Pinnacle Financial Partners Inc cut its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 81.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,386 shares of the company's stock after selling 10,555 shares during the period. Pinnacle Financial Partners Inc's holdings in CarMax were worth $185,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in KMX. First Community Trust NA bought a new stake in CarMax in the 2nd quarter valued at about $29,000. Quarry LP raised its holdings in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company's stock valued at $31,000 after buying an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of CarMax during the third quarter worth approximately $32,000. Blue Trust Inc. grew its holdings in CarMax by 134.1% in 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 increased its position in 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 acquiring an additional 334 shares during the period.

Analyst Ratings Changes

Several research firms have recently issued reports on KMX. Truist Financial increased 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. Evercore ISI boosted their target price on shares of CarMax from $76.00 to $79.00 and gave the stock an "in-line" rating in a report on Thursday, October 17th. Needham & Company LLC restated a "buy" rating and set a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Wedbush restated an "outperform" rating and issued a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Finally, StockNews.com upgraded CarMax to a "sell" rating in a report on Friday, July 26th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $79.73.

CarMax Stock Down 0.2 %

Shares of NYSE KMX traded down $0.18 during mid-day trading on Friday, reaching $78.03. The company had a trading volume of 1,216,026 shares, compared to its average volume of 1,894,345. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. CarMax, Inc. has a twelve month low of $62.76 and a twelve month high of $88.22. The stock's 50 day moving average is $75.18 and its 200-day moving average is $75.44. The stock has a market capitalization of $12.09 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.68.

CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, equities analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

About CarMax

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.