CarMax, Inc. (NYSE:KMX) Shares Sold by Atria Investments Inc

Atria Investments Inc cut its stake in CarMax, Inc. (NYSE:KMX) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,900 shares of the company’s stock after selling 583 shares during the period. Atria Investments Inc’s holdings in CarMax were worth $3,707,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of KMX. SG Americas Securities LLC lifted its position in CarMax by 7.9% during the 1st quarter. SG Americas Securities LLC now owns 22,939 shares of the company’s stock worth $1,998,000 after acquiring an additional 1,688 shares during the period. Headlands Technologies LLC acquired a new stake in shares of CarMax during the first quarter worth about $55,000. Motley Fool Asset Management LLC purchased a new stake in CarMax in the first quarter valued at approximately $214,000. State Board of Administration of Florida Retirement System raised its position in CarMax by 10.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after buying an additional 17,557 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CarMax by 10.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 178,325 shares of the company’s stock valued at $15,534,000 after acquiring an additional 17,350 shares during the period.

CarMax Trading Down 0.1 %

Shares of KMX stock opened at $76.69 on Wednesday. CarMax, Inc. has a fifty-two week low of $62.45 and a fifty-two week high of $88.22. The company has a 50 day moving average price of $75.35 and a 200 day moving average price of $75.29. The stock has a market capitalization of $11.88 billion, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 1.54 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.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share 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 company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Equities research analysts predict that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

KMX has been the topic of several analyst reports. BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. JPMorgan Chase & Co. lifted their target price on shares of CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Evercore ISI lifted their price objective on shares of CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a 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 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 issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $79.73.

CarMax 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.