Quest Partners LLC Acquires New Position in CarMax, Inc. (NYSE:KMX)

Quest Partners LLC acquired a new stake in CarMax, Inc. (NYSE:KMX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,523 shares of the company’s stock, valued at approximately $350,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Baker Tilly Wealth Management LLC grew its holdings in shares of CarMax by 4.6% during the second quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock worth $217,000 after buying an additional 130 shares in the last quarter. Peoples Bank KS grew its holdings in shares of CarMax by 10.0% during the second quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock worth $108,000 after buying an additional 135 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of CarMax by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after buying an additional 142 shares in the last quarter. Allegheny Financial Group LTD grew its holdings in shares of CarMax by 4.1% during the second quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock worth $264,000 after buying an additional 143 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of CarMax by 12.5% during the third quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock worth $120,000 after buying an additional 172 shares in the last quarter.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KMX shares. Oppenheimer reissued an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Truist Financial lifted their price target on shares of 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 reaffirmed a “buy” rating and set a $90.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Evercore ISI boosted 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, Royal Bank of Canada reissued an “outperform” rating and set a $82.00 target price on shares of CarMax in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.73.

CarMax Price Performance

NYSE KMX opened at $85.15 on Tuesday. The stock’s 50-day moving average price is $75.36 and its two-hundred day moving average price is $75.92. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The company has a market cap of $13.19 billion, a PE ratio of 32.01, a PEG ratio of 1.66 and a beta of 1.68. CarMax, Inc. has a 1 year low of $62.90 and a 1 year high of $88.22.

CarMax (NYSE:KMX) last posted 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). The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. On average, analysts predict that CarMax, Inc. will post 2.99 EPS for the current 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.