waypoint wealth counsel Purchases 4,517 Shares of CarMax, Inc. $KMX

waypoint wealth counsel lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 169.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,189 shares of the company’s stock after purchasing an additional 4,517 shares during the period. waypoint wealth counsel’s holdings in CarMax were worth $483,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new position in shares of CarMax during the 1st quarter worth approximately $27,000. Accent Capital Management LLC bought a new stake in CarMax during the first quarter worth $34,000. Strengthening Families & Communities LLC lifted its holdings in CarMax by 93.1% during the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after acquiring an additional 256 shares during the period. Quarry LP lifted its holdings in CarMax by 50.5% during the first quarter. Quarry LP now owns 694 shares of the company’s stock worth $54,000 after acquiring an additional 233 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of CarMax by 49.2% during the 1st quarter. Blue Trust Inc. now owns 898 shares of the company’s stock worth $70,000 after purchasing an additional 296 shares during the period.

CarMax Stock Performance

NYSE KMX opened at $43.09 on Friday. The company’s 50 day moving average is $55.65 and its 200-day moving average is $62.91. CarMax, Inc. has a 12-month low of $42.75 and a 12-month high of $91.25. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. The firm has a market cap of $6.33 billion, a P/E ratio of 12.64, a price-to-earnings-growth ratio of 0.82 and a beta of 1.27.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The business had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the firm earned $0.85 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. Sell-side analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on KMX. Robert W. Baird lowered their target price on CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Benchmark lowered their price objective on shares of CarMax from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Evercore ISI reaffirmed an “in-line” rating and issued a $52.00 price objective (down previously from $80.00) on shares of CarMax in a research report on Friday, September 26th. Truist Financial lowered their price target on shares of CarMax from $74.00 to $47.00 and set a “hold” rating on the stock in a report on Friday, September 26th. Finally, Royal Bank Of Canada lowered their price target on shares of CarMax from $81.00 to $59.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $54.42.

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.