Olympiad Research LP Makes New $551,000 Investment in CarMax, Inc. (NYSE:KMX)

Olympiad Research LP bought a new position in CarMax, Inc. (NYSE:KMX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,121 shares of the company's stock, valued at approximately $551,000.

Other institutional investors have also recently modified their holdings of the company. Baker Tilly Wealth Management LLC increased its stake in CarMax by 4.6% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company's stock valued at $217,000 after purchasing an additional 130 shares in the last quarter. Peoples Bank KS increased its position in shares of CarMax by 10.0% during the second quarter. Peoples Bank KS now owns 1,479 shares of the company's stock valued at $108,000 after acquiring an additional 135 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in CarMax by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company's stock worth $456,000 after acquiring an additional 142 shares during the last quarter. Allegheny Financial Group LTD lifted its position in CarMax by 4.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company's stock valued at $264,000 after acquiring an additional 143 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in CarMax by 12.5% during the 3rd quarter. Signaturefd LLC now owns 1,545 shares of the company's stock valued at $120,000 after purchasing an additional 172 shares during the last quarter.

CarMax Price Performance

Shares of CarMax stock traded down $0.49 on Thursday, hitting $76.44. 1,384,034 shares of the company traded hands, compared to its average volume of 1,903,987. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The business has a 50-day simple moving average of $75.99 and a 200 day simple moving average of $75.05. CarMax, Inc. has a 52 week low of $61.73 and a 52 week high of $88.22. The stock has a market capitalization of $11.84 billion, a P/E ratio of 28.92, a price-to-earnings-growth ratio of 1.49 and a beta of 1.68.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.85 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 during the quarter, compared to analysts' expectations of $6.83 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. The firm's revenue for the quarter was down .9% compared to the same quarter last year. Research analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on KMX shares. StockNews.com raised CarMax to a "sell" rating in a report on Friday, July 26th. Oppenheimer reissued an "outperform" rating and issued a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 price target on shares of CarMax in a report on Wednesday, October 16th. 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. Finally, BNP Paribas raised shares of CarMax to a "strong sell" rating in a research report on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.