Citigroup Inc. Has $11.56 Million Stake in CarMax, Inc. (NYSE:KMX)

Citigroup Inc. raised its position in shares of CarMax, Inc. (NYSE:KMX) by 2.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 149,448 shares of the company’s stock after purchasing an additional 3,738 shares during the quarter. Citigroup Inc. owned 0.10% of CarMax worth $11,564,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. First Community Trust NA purchased a new stake in shares of CarMax in the second quarter worth approximately $29,000. Quarry LP boosted its stake in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the period. Catalyst Capital Advisors LLC purchased a new position in shares of CarMax during the 3rd quarter valued at $32,000. Blue Trust Inc. increased its stake in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the last quarter. Finally, Studio Investment Management LLC raised its holdings in shares of CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares in the last quarter.

CarMax Trading Down 0.6 %

Shares of NYSE:KMX opened at $84.59 on Friday. CarMax, Inc. has a 52-week low of $62.90 and a 52-week high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The company has a market cap of $13.10 billion, a P/E ratio of 31.80, a P/E/G ratio of 1.73 and a beta of 1.68. The stock’s 50-day moving average is $75.62 and its 200-day moving average is $76.07.

CarMax (NYSE:KMX) last released its earnings results 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 business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period last year, the business earned $0.75 EPS. The business’s quarterly revenue was down .9% compared to the same quarter last year. Equities research analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Oppenheimer restated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Evercore ISI increased their price objective on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of CarMax in a research note on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of CarMax in a report on Wednesday, October 16th. 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 company’s stock. Based on data from MarketBeat, CarMax presently has a consensus rating of “Hold” and an average target price of $79.73.

About CarMax

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.