CarMax, Inc. (NYSE:KMX) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its position in CarMax, Inc. (NYSE:KMX) by 6.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,486 shares of the company’s stock after selling 452 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CarMax were worth $502,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of KMX. O Shaughnessy Asset Management LLC purchased a new stake in shares of CarMax in the first quarter valued at $333,000. UniSuper Management Pty Ltd grew its holdings in CarMax by 526.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 13,084 shares of the company’s stock valued at $1,140,000 after buying an additional 10,996 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of CarMax by 29.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after acquiring an additional 37,660 shares during the last quarter. Pitcairn Co. purchased a new position in shares of CarMax during the 1st quarter worth about $208,000. Finally, Epoch Investment Partners Inc. boosted its position in shares of CarMax by 3,094.0% in the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock worth $51,949,000 after acquiring an additional 577,685 shares during the last quarter.

CarMax Price Performance

Shares of KMX stock opened at $75.29 on Wednesday. The firm has a fifty day simple moving average of $75.07 and a 200-day simple moving average of $75.61. The company has a market capitalization of $11.66 billion, a PE ratio of 28.30, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68. CarMax, Inc. has a twelve month low of $62.90 and a twelve month high of $88.22. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last posted its quarterly earnings data 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). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Evercore ISI increased their target price on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, October 17th. Truist Financial boosted their price target on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Finally, Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.