Toronto Dominion Bank Buys 9,855 Shares of CarMax, Inc. (NYSE:KMX)

Toronto Dominion Bank grew its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 21.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 55,628 shares of the company's stock after acquiring an additional 9,855 shares during the quarter. Toronto Dominion Bank's holdings in CarMax were worth $4,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Neo Ivy Capital Management acquired a new position in shares of CarMax during the third quarter valued at approximately $3,934,000. Coldstream Capital Management Inc. bought a new stake in shares of CarMax in the 3rd quarter worth $208,000. Geode Capital Management LLC boosted its stake in CarMax by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company's stock valued at $282,479,000 after buying an additional 14,903 shares in the last quarter. Vestcor Inc grew its holdings in CarMax by 54.9% during the third quarter. Vestcor Inc now owns 3,332 shares of the company's stock worth $258,000 after acquiring an additional 1,181 shares during the period. Finally, Continuum Advisory LLC raised its position in CarMax by 15.6% in the third quarter. Continuum Advisory LLC now owns 3,535 shares of the company's stock worth $276,000 after acquiring an additional 476 shares in the last quarter.

CarMax Stock Down 0.6 %

Shares of CarMax stock traded down $0.52 on Friday, hitting $86.26. 1,331,248 shares of the company traded hands, compared to its average volume of 1,905,826. CarMax, Inc. has a 12-month low of $65.83 and a 12-month 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. The company has a market cap of $13.36 billion, a PE ratio of 32.43, a PEG ratio of 1.76 and a beta of 1.71. The company has a 50-day moving average price of $77.81 and a 200 day moving average price of $77.27.

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. Sell-side analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current year.

Analyst Ratings Changes

KMX has been the topic of several recent research reports. Evercore ISI lifted their price objective on shares of CarMax from $81.00 to $83.00 and gave the stock an "in-line" rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. increased their price objective on CarMax from $65.00 to $70.00 and gave the company an "underweight" rating in a research report on Thursday, December 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $82.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Finally, Truist Financial boosted their price objective on CarMax from $70.00 to $75.00 and gave the stock a "hold" rating in a report on Monday, September 23rd. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $81.00.

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.