CarMax, Inc. (NYSE:KMX) Position Increased by Fmr LLC

Fmr LLC boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 2,883.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,772,808 shares of the company’s stock after purchasing an additional 1,713,379 shares during the period. Fmr LLC owned 1.14% of CarMax worth $137,180,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KMX. First Pacific Advisors LP grew its stake in shares of CarMax by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock valued at $175,005,000 after buying an additional 47,184 shares in the last quarter. Dimensional Fund Advisors LP grew its position in CarMax by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after acquiring an additional 51,397 shares in the last quarter. Vulcan Value Partners LLC increased its stake in shares of CarMax by 299.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after purchasing an additional 1,369,986 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of CarMax by 21.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock valued at $121,479,000 after purchasing an additional 288,165 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of CarMax by 41.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after purchasing an additional 436,342 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMX. Truist Financial increased their target price on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. BNP Paribas raised CarMax to a “strong sell” rating in a research report on Friday, September 27th. Evercore ISI lifted their price target on shares of CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a research report on Tuesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $80.09.

CarMax Stock Up 1.3 %

Shares of KMX opened at $84.22 on Wednesday. CarMax, Inc. has a 52 week low of $64.72 and a 52 week high of $88.22. The firm has a market capitalization of $13.05 billion, a P/E ratio of 31.66, a P/E/G ratio of 1.69 and a beta of 1.71. The company has a 50-day simple moving average of $76.06 and a 200-day simple moving average of $76.28. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25.

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 return on equity of 6.83% and a net margin of 1.61%. CarMax’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. On average, equities research analysts expect 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.