UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in CarMax, Inc. (NYSE:KMX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 0.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,510,325 shares of the company's stock after buying an additional 11,865 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.97% of CarMax worth $116,869,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of KMX. First Community Trust NA acquired a new stake in CarMax in the 2nd quarter valued at about $29,000. Quarry LP lifted its position in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company's stock valued at $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in CarMax during the third quarter valued at $32,000. Blue Trust Inc. grew its holdings in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company's stock worth $37,000 after acquiring an additional 287 shares during the period. Finally, Studio Investment Management LLC raised its holdings in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company's stock worth $38,000 after acquiring an additional 334 shares in the last quarter.

CarMax Price Performance

KMX traded down $0.75 during midday trading on Monday, hitting $83.22. The company had a trading volume of 1,553,725 shares, compared to its average volume of 1,899,869. CarMax, Inc. has a twelve month low of $64.72 and a twelve month high of $88.22. 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 company has a market capitalization of $12.89 billion, a PE ratio of 31.44, a P/E/G ratio of 1.71 and a beta of 1.68. The firm's 50-day simple moving average is $75.93 and its 200-day simple moving average is $76.21.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm's revenue was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.75 EPS. Equities research analysts predict that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wedbush reiterated an "outperform" rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Evercore ISI upped their target price on CarMax from $76.00 to $79.00 and gave the company an "in-line" rating in a report on Thursday, October 17th. BNP Paribas raised shares of CarMax to a "strong sell" rating in a report on Friday, September 27th. JPMorgan Chase & Co. upped their target price on CarMax from $55.00 to $65.00 and gave the stock an "underweight" rating in a research report on Thursday, September 19th. Finally, Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of CarMax in a report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average 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.