CarMax, Inc. (NYSE:KMX) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 150.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,734 shares of the company’s stock after purchasing an additional 5,249 shares during the period. Quantinno Capital Management LP’s holdings in CarMax were worth $676,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KMX. Quarry LP increased its position in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of CarMax in the 3rd quarter valued at $32,000. True Wealth Design LLC increased its position in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 436 shares during the period. Blue Trust Inc. increased its position in shares of CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares during the period. Finally, Studio Investment Management LLC increased its position in shares of CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after acquiring an additional 334 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. upped their target price on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Wedbush reissued an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Evercore ISI increased their price target on CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Finally, Stephens initiated coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $81.00.

CarMax Trading Down 0.6 %

KMX stock opened at $86.26 on Friday. The firm has a market cap of $13.36 billion, a P/E ratio of 32.43, a PEG ratio of 1.76 and a beta of 1.71. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $88.22. The company’s 50-day simple moving average is $77.81 and its 200-day simple moving average is $77.14. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93.

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). The company had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, equities analysts forecast that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

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.