CarMax, Inc. (NYSE:KMX) Shares Sold by Commerce Bank

Commerce Bank decreased its position in CarMax, Inc. (NYSE:KMX) by 3.7% in the 3rd quarter, Holdings Channel reports. The fund owned 3,958 shares of the company’s stock after selling 150 shares during the period. Commerce Bank’s holdings in CarMax were worth $306,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC grew its position in shares of CarMax by 4.6% during the second quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock worth $217,000 after buying an additional 130 shares in the last quarter. Peoples Bank KS grew its position in shares of CarMax by 10.0% during the second quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock worth $108,000 after buying an additional 135 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of CarMax by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after buying an additional 142 shares in the last quarter. Allegheny Financial Group LTD grew its position in shares of CarMax by 4.1% during the second quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock worth $264,000 after buying an additional 143 shares in the last quarter. Finally, Signaturefd LLC grew its position in shares of CarMax by 12.5% during the third quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock worth $120,000 after buying an additional 172 shares in the last quarter.

CarMax Stock Performance

Shares of KMX stock opened at $84.56 on Thursday. CarMax, Inc. has a 12-month low of $62.90 and a 12-month high of $88.22. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.68. The business has a 50 day simple moving average of $75.48 and a 200 day simple moving average of $76.01.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $6.83 billion. During the same period in the previous year, the company posted $0.75 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective 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 stock an “in-line” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.