CarMax, Inc. (NYSE:KMX) Stock Position Increased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 5.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,285 shares of the company’s stock after buying an additional 514 shares during the period. Verdence Capital Advisors LLC’s holdings in CarMax were worth $796,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. First Community Trust NA acquired a new stake in CarMax in the 2nd quarter valued at about $29,000. Quarry LP boosted 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 buying an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in CarMax during the third quarter worth approximately $32,000. Blue Trust Inc. grew its position in CarMax by 134.1% in 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. Finally, Studio Investment Management LLC increased its holdings in shares of 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 in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, July 26th. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Evercore ISI lifted their target price on shares of CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, October 17th. Finally, Oppenheimer restated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $79.73.

CarMax Trading Down 1.2 %

Shares of NYSE:KMX opened at $75.54 on Monday. The firm has a fifty day moving average of $75.63 and a two-hundred day moving average of $75.19. 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, Inc. has a 12-month low of $61.73 and a 12-month high of $88.22. The firm has a market capitalization of $11.70 billion, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the previous year, the business posted $0.75 EPS. CarMax’s revenue for the quarter was down .9% on a year-over-year basis. On average, equities analysts expect that CarMax, Inc. will post 2.99 EPS for the current fiscal 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.