Raymond James & Associates Grows Stock Position in CarMax, Inc. (NYSE:KMX)

Raymond James & Associates boosted its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 4.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 248,148 shares of the company's stock after purchasing an additional 9,778 shares during the period. Raymond James & Associates owned approximately 0.16% of CarMax worth $19,202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. First Community Trust NA acquired a new stake in shares of CarMax during the second quarter valued at about $29,000. Quarry LP lifted its stake in CarMax by 78.6% during the second 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. Blue Trust Inc. boosted its position in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company's stock worth $37,000 after buying an additional 287 shares during the period. Studio Investment Management LLC grew its stake in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company's stock valued at $38,000 after buying an additional 334 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of CarMax in the 1st quarter valued at $55,000.

CarMax Stock Down 0.8 %

NYSE:KMX traded down $0.58 during midday trading on Friday, hitting $72.00. 1,150,053 shares of the company were exchanged, compared to its average volume of 2,127,186. 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, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a market capitalization of $11.15 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68. The company has a fifty day simple moving average of $77.47 and a 200 day simple moving average of $74.94.

CarMax (NYSE:KMX - Get Free Report) last announced its 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). The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same period last 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.

Analysts Set New Price Targets

KMX has been the subject of a number of research analyst reports. 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. Oppenheimer reissued an "outperform" rating and issued a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. Wedbush reiterated an "outperform" rating and issued a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 target price on shares of CarMax in a report on Wednesday, October 16th. Finally, Truist Financial increased their price objective on shares of CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a research report on Monday, September 23rd. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, CarMax has an average rating of "Hold" and a consensus price target of $79.73.

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.