Catalyst Capital Advisors LLC Acquires New Shares in CarMax, Inc. (NYSE:KMX)

Catalyst Capital Advisors LLC bought a new position in CarMax, Inc. (NYSE:KMX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 419 shares of the company’s stock, valued at approximately $32,000.

Several other hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC raised its position in CarMax by 1.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 27,448 shares of the company’s stock worth $2,391,000 after buying an additional 342 shares during the last quarter. Nordea Investment Management AB grew its stake in shares of CarMax by 6.6% in the first quarter. Nordea Investment Management AB now owns 13,378 shares of the company’s stock worth $1,166,000 after acquiring an additional 831 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of CarMax by 111.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,328 shares of the company’s stock valued at $638,000 after purchasing an additional 3,865 shares during the last quarter. Chevy Chase Trust Holdings LLC lifted its position in CarMax by 0.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 89,037 shares of the company’s stock valued at $7,756,000 after purchasing an additional 404 shares during the period. Finally, Empirical Finance LLC boosted its holdings in CarMax by 3.4% in the first quarter. Empirical Finance LLC now owns 5,844 shares of the company’s stock worth $509,000 after purchasing an additional 191 shares during the last quarter.

CarMax Stock Down 0.6 %

KMX opened at $76.44 on Friday. The stock has a market cap of $11.84 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 1.49 and a beta of 1.68. 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 firm’s fifty day moving average is $75.81 and its 200 day moving average is $75.06. CarMax, Inc. has a fifty-two week low of $61.73 and a fifty-two week high of $88.22.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, sell-side analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on KMX. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of CarMax in a research note on Wednesday, October 16th. StockNews.com raised CarMax to a “sell” rating in a report on Friday, July 26th. Truist Financial raised their target price on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.