Van ECK Associates Corp Has $5.31 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Van ECK Associates Corp lifted its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 11.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,715 shares of the company's stock after acquiring an additional 7,507 shares during the quarter. Van ECK Associates Corp's holdings in CarMax were worth $5,308,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Community Trust NA bought a new position in shares of CarMax in the 2nd quarter valued at about $29,000. Quarry LP grew its holdings 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 during the period. Blue Trust Inc. increased its position in 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 last quarter. Studio Investment Management LLC raised its stake in 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 during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of CarMax in the first quarter valued at approximately $55,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Wedbush restated an "outperform" rating and issued a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Oppenheimer reissued an "outperform" rating and issued a $105.00 price objective 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 target price on shares of CarMax in a report on Wednesday, October 16th. Truist Financial upped their price target 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. Finally, BNP Paribas raised shares of CarMax to a "strong sell" rating in a research report on Friday, September 27th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $79.73.

CarMax Price Performance

Shares of KMX stock traded down $0.90 during trading hours on Friday, reaching $75.54. The company's stock had a trading volume of 1,391,035 shares, compared to its average volume of 1,462,511. CarMax, Inc. has a fifty-two week low of $61.73 and a fifty-two week high of $88.22. The firm's 50 day simple moving average is $75.63 and its 200-day simple moving average is $75.15. 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 capitalization of $11.70 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.57 and a beta of 1.68.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data 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 business 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 business's quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business earned $0.75 earnings per share. Sell-side analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current year.

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.