HighTower Advisors LLC Trims Stake in CarMax, Inc. (NYSE:KMX)

HighTower Advisors LLC reduced its holdings in CarMax, Inc. (NYSE:KMX) by 32.5% during the third quarter, Holdings Channel.com reports. The fund owned 5,668 shares of the company’s stock after selling 2,728 shares during the quarter. HighTower Advisors LLC’s holdings in CarMax were worth $438,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP increased its position in shares of CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of CarMax in the 3rd quarter worth $32,000. True Wealth Design LLC raised its position in shares of CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after buying an additional 436 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the last quarter. Finally, Studio Investment Management LLC lifted its holdings in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares during the last quarter.

CarMax Trading Up 0.0 %

CarMax stock opened at $84.27 on Friday. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The business’s fifty day moving average is $79.01 and its 200 day moving average is $77.64. The stock has a market capitalization of $13.06 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. 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 announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, sell-side analysts predict that CarMax, Inc. will post 3.01 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KMX shares. BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Mizuho boosted their target price on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday. Truist Financial increased their price target on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday. Finally, Stephens started coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.17.

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.