Radnor Capital Management LLC Acquires Shares of 4,820 CarMax, Inc. (NYSE:KMX)

Radnor Capital Management LLC bought a new stake in CarMax, Inc. (NYSE:KMX) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,820 shares of the company’s stock, valued at approximately $373,000.

Several other hedge funds have also made changes to their positions in the business. First Community Trust NA acquired a new stake in CarMax during the 2nd quarter worth approximately $29,000. Quarry LP raised its stake 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 during the last quarter. Catalyst Capital Advisors LLC purchased a new stake in shares of CarMax during the third quarter worth approximately $32,000. Blue Trust Inc. lifted its holdings in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the period. Finally, Studio Investment Management LLC grew its position in 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 buying an additional 334 shares during the last quarter.

CarMax Price Performance

Shares of NYSE KMX opened at $76.44 on Friday. 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 company’s 50-day moving average price is $75.81 and its 200 day moving average price is $75.06. CarMax, Inc. has a 52 week low of $61.73 and a 52 week high of $88.22. The stock has a market cap of $11.84 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 1.49 and a beta of 1.68.

CarMax (NYSE:KMX) last issued its quarterly earnings data 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). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period last year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on KMX shares. Truist Financial upped their price objective 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. Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Oppenheimer reissued an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Finally, StockNews.com upgraded CarMax to a “sell” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $79.73.

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.