Wilmington Savings Fund Society FSB Takes $351,000 Position in CarMax, Inc. (NYSE:KMX)

Wilmington Savings Fund Society FSB acquired a new position in shares of CarMax, Inc. (NYSE:KMX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,541 shares of the company’s stock, valued at approximately $351,000.

Several other large investors also recently made changes to their positions in KMX. Assenagon Asset Management S.A. raised its position in shares of CarMax by 292.5% during the second quarter. Assenagon Asset Management S.A. now owns 28,539 shares of the company’s stock worth $2,093,000 after purchasing an additional 21,267 shares during the period. Blue Trust Inc. raised its holdings in CarMax by 134.1% during 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. Brookstone Capital Management lifted its stake in shares of CarMax by 17.4% in the second quarter. Brookstone Capital Management now owns 4,069 shares of the company’s stock valued at $298,000 after buying an additional 602 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of CarMax by 13.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 233,866 shares of the company’s stock valued at $17,152,000 after buying an additional 27,122 shares during the last quarter. Finally, Continuum Advisory LLC increased its position in shares of CarMax by 13.9% during the second quarter. Continuum Advisory LLC now owns 3,059 shares of the company’s stock worth $224,000 after acquiring an additional 374 shares in the last quarter.

Analysts Set New Price Targets

A number of analysts have commented on KMX shares. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. raised their price objective on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. Finally, BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Four analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, CarMax currently has an average rating of “Hold” and an average target price of $81.00.

CarMax Trading Down 0.3 %

NYSE KMX opened at $85.96 on Tuesday. The firm has a market cap of $13.32 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $88.22. The stock has a 50-day moving average of $78.08 and a 200-day moving average of $77.38. 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 announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts forecast that CarMax, Inc. will post 3.01 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.