Citigroup Inc. Has $11.56 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Citigroup Inc. lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 149,448 shares of the company’s stock after purchasing an additional 3,738 shares during the quarter. Citigroup Inc.’s holdings in CarMax were worth $11,564,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James Trust N.A. boosted its stake in CarMax by 26.3% during the third quarter. Raymond James Trust N.A. now owns 10,056 shares of the company’s stock worth $778,000 after buying an additional 2,097 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of CarMax by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after acquiring an additional 436,342 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of CarMax by 19.3% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,474 shares of the company’s stock valued at $424,000 after acquiring an additional 887 shares in the last quarter. King Luther Capital Management Corp increased its stake in CarMax by 1.7% in the third quarter. King Luther Capital Management Corp now owns 55,331 shares of the company’s stock valued at $4,282,000 after acquiring an additional 940 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in CarMax in the third quarter worth about $298,000.

CarMax Trading Down 0.6 %

KMX opened at $84.59 on Friday. CarMax, Inc. has a 1-year low of $62.90 and a 1-year high of $88.22. The stock has a market capitalization of $13.10 billion, a PE ratio of 31.80, a PEG ratio of 1.73 and a beta of 1.68. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm has a 50-day moving average price of $75.62 and a two-hundred day moving average price of $76.07.

CarMax (NYSE:KMX) last issued its quarterly earnings results 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 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 analyst estimates of $6.83 billion. During the same period in the prior year, the business earned $0.75 EPS. The business’s revenue for the quarter was down .9% on a year-over-year basis. As a group, equities analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

KMX has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, CarMax currently 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.