XTX Topco Ltd bought a new stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 20,712 shares of the company's stock, valued at approximately $1,603,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in KMX. Quarry LP grew its stake in shares of CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company's stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in CarMax in the third quarter worth approximately $32,000. True Wealth Design LLC increased its holdings in shares of CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company's stock valued at $34,000 after buying an additional 436 shares in the last quarter. Blue Trust Inc. lifted its position in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock valued at $37,000 after acquiring an additional 287 shares during the last quarter. Finally, Studio Investment Management LLC lifted its position in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company's stock valued at $38,000 after acquiring an additional 334 shares during the last quarter.
CarMax Stock Up 1.1 %
NYSE:KMX traded up $0.99 during mid-day trading on Monday, reaching $87.22. The stock had a trading volume of 2,805,898 shares, compared to its average volume of 1,914,415. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The stock has a market cap of $13.51 billion, a P/E ratio of 32.42, a PEG ratio of 1.75 and a beta of 1.71. The business's 50 day moving average is $76.71 and its 200 day moving average is $76.65. CarMax, Inc. has a fifty-two week low of $65.38 and a fifty-two week high of $88.22.
CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm's revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. As a group, sell-side analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on KMX shares. Stephens initiated coverage on CarMax in a research report on Thursday. They set an "equal weight" rating and a $86.00 target price on the stock. Evercore ISI upped their price objective on shares of CarMax from $81.00 to $83.00 and gave the company an "in-line" rating in a research note on Tuesday, December 3rd. Needham & Company LLC reissued a "buy" rating and issued a $90.00 target price on shares of CarMax in a research report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on shares of CarMax from $65.00 to $70.00 and gave the stock an "underweight" rating in a research note on Thursday. Finally, Truist Financial increased their target price on CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, CarMax currently has a consensus rating of "Hold" and a consensus price target of $81.00.
Check Out Our Latest Stock Analysis on CarMax
About CarMax
(
Free Report)
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.
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