CarMax, Inc. (NYSE:KMX) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of CarMax, Inc. (NYSE:KMX) by 1.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 52,929 shares of the company’s stock after buying an additional 923 shares during the period. Victory Capital Management Inc.’s holdings in CarMax were worth $4,096,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. First Community Trust NA purchased a new position in CarMax during the 2nd quarter valued at about $29,000. Quarry LP lifted its position in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of CarMax during the third quarter worth about $32,000. Blue Trust Inc. boosted its stake in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares during the period. Finally, Studio Investment Management LLC grew its holdings in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares in the last quarter.

CarMax Stock Performance

Shares of CarMax stock opened at $81.55 on Friday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 52 week low of $62.90 and a 52 week high of $88.22. The firm’s 50 day moving average is $75.24 and its two-hundred day moving average is $75.74. The firm has a market capitalization of $12.63 billion, a P/E ratio of 30.66, a P/E/G ratio of 1.53 and a beta of 1.68.

CarMax (NYSE:KMX) last posted its 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 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 analysts’ expectations of $6.83 billion. During the same period last year, the business earned $0.75 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KMX shares. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. lifted their target price on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, July 26th. Evercore ISI lifted their price objective on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, October 17th. Finally, Wedbush restated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax presently has an average rating of “Hold” and a consensus 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.