PDT Partners LLC Takes $1.62 Million Position in CarMax, Inc. (NYSE:KMX)

PDT Partners LLC purchased a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 20,901 shares of the company's stock, valued at approximately $1,617,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Pacific Advisors LP lifted its holdings in CarMax by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company's stock worth $175,005,000 after buying an additional 47,184 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in CarMax by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company's stock worth $147,230,000 after purchasing an additional 51,397 shares during the period. Vulcan Value Partners LLC boosted its position in shares of CarMax by 299.7% during the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company's stock worth $133,773,000 after purchasing an additional 1,369,986 shares in the last quarter. FMR LLC grew its stake in CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company's stock valued at $137,180,000 after acquiring an additional 1,713,379 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of CarMax by 21.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company's stock valued at $121,479,000 after purchasing an additional 288,165 shares during the period.

CarMax Stock Performance

Shares of CarMax stock traded down $0.75 during trading on Monday, reaching $83.22. The company's stock had a trading volume of 1,553,725 shares, compared to its average volume of 1,899,869. The business's 50-day moving average price is $75.93 and its 200-day moving average price is $76.21. The firm has a market cap of $12.89 billion, a PE ratio of 31.44, a P/E/G ratio of 1.71 and a beta of 1.68. CarMax, Inc. has a 52 week low of $64.72 and a 52 week high of $88.22. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data 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 net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the prior year, the firm earned $0.75 EPS. The business's revenue for the quarter was down .9% on a year-over-year basis. Equities analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Oppenheimer reaffirmed an "outperform" rating and issued a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. BNP Paribas upgraded shares of CarMax to a "strong sell" rating in a report on Friday, September 27th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Evercore ISI upped their target price on shares of CarMax from $76.00 to $79.00 and gave the company an "in-line" rating in a report on Thursday, October 17th. Finally, Truist Financial raised their target price on shares of CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a research note 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. According to data from MarketBeat, the stock presently 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.