abrdn plc Has $4.64 Million Stock Position in CarMax, Inc. (NYSE:KMX)

abrdn plc boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 69.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,920 shares of the company’s stock after purchasing an additional 24,498 shares during the quarter. abrdn plc’s holdings in CarMax were worth $4,637,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Pallas Capital Advisors LLC raised its holdings in CarMax by 61.2% in the 3rd quarter. Pallas Capital Advisors LLC now owns 4,480 shares of the company’s stock valued at $325,000 after acquiring an additional 1,701 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its position in CarMax by 14.9% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 27,254 shares of the company’s stock worth $2,109,000 after purchasing an additional 3,526 shares during the period. Concord Wealth Partners boosted its stake in CarMax by 84,400.0% during the third quarter. Concord Wealth Partners now owns 845 shares of the company’s stock worth $65,000 after buying an additional 844 shares in the last quarter. Baker Tilly Wealth Management LLC increased its holdings in CarMax by 26.3% in the 3rd quarter. Baker Tilly Wealth Management LLC now owns 3,737 shares of the company’s stock valued at $289,000 after buying an additional 778 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in CarMax by 5.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 18,132 shares of the company’s stock valued at $1,403,000 after buying an additional 995 shares during the period.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. StockNews.com raised CarMax to a “sell” rating in a report on Friday, July 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Friday, October 4th. JPMorgan Chase & Co. increased their price objective on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $79.73.

CarMax Price Performance

Shares of KMX stock opened at $72.30 on Monday. 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 market capitalization of $11.20 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.47 and a beta of 1.68. The firm’s 50 day moving average is $76.59 and its 200-day moving average is $74.92. CarMax, Inc. has a 1 year low of $61.73 and a 1 year high of $88.22.

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

CarMax Company 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.