CarMax, Inc. (NYSE:KMX) Shares Acquired by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its position in shares of CarMax, Inc. (NYSE:KMX) by 77.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 4,915 shares of the company’s stock after purchasing an additional 2,146 shares during the quarter. Apollon Wealth Management LLC’s holdings in CarMax were worth $380,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. First Community Trust NA acquired a new stake in shares of CarMax during the 2nd quarter worth approximately $29,000. Quarry LP grew its holdings in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in CarMax in the 3rd quarter worth approximately $32,000. Blue Trust Inc. grew its holdings in CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC grew its holdings in CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares in the last quarter.

CarMax Price Performance

KMX opened at $78.03 on Monday. The stock has a fifty day moving average of $75.18 and a 200-day moving average of $75.50. The firm has a market capitalization of $12.09 billion, a P/E ratio of 29.33, a PEG ratio of 1.59 and a beta of 1.68. CarMax, Inc. has a 12-month low of $62.76 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.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. CarMax’s revenue was down .9% on a year-over-year basis. Equities analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

KMX has been the subject of a number of recent analyst reports. BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. JPMorgan Chase & Co. increased their price target on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, StockNews.com raised CarMax to a “sell” rating in a research note on Friday, July 26th. 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 MarketBeat, CarMax presently has an average rating of “Hold” and a consensus target price 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.