Quest Partners LLC Takes Position in CarMax, Inc. (NYSE:KMX)

Quest Partners LLC acquired a new position in CarMax, Inc. (NYSE:KMX) during the third quarter, Holdings Channel reports. The institutional investor acquired 4,523 shares of the company’s stock, valued at approximately $350,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC increased its holdings in CarMax by 4.6% in 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 during the last quarter. Peoples Bank KS boosted its position in 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 purchasing an additional 135 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in 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 purchasing an additional 142 shares during the period. Allegheny Financial Group LTD boosted its position in 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 purchasing an additional 143 shares during the period. Finally, Signaturefd LLC boosted its position in CarMax by 12.5% during the third quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock worth $120,000 after purchasing an additional 172 shares during the period.

Analyst Ratings Changes

KMX has been the subject of a number of recent analyst reports. Evercore ISI upped their target price on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, October 17th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Finally, BNP Paribas raised CarMax to a “strong sell” rating in a research report on Friday, September 27th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, CarMax currently has an average rating of “Hold” and an average price target of $79.73.

CarMax Stock Up 4.4 %

Shares of KMX stock opened at $85.15 on Tuesday. The stock has a market cap of $13.19 billion, a P/E ratio of 32.01, a price-to-earnings-growth ratio of 1.66 and a beta of 1.68. CarMax, Inc. has a one year low of $62.90 and a one year high of $88.22. The stock has a fifty day moving average price of $75.36 and a 200 day moving average price of $75.92. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, September 26th. The company reported $0.85 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 firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the business earned $0.75 earnings per share. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current 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.