Coldstream Capital Management Inc. Buys Shares of 2,691 CarMax, Inc. (NYSE:KMX)

Coldstream Capital Management Inc. purchased a new position in CarMax, Inc. (NYSE:KMX) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 2,691 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its position in CarMax by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after acquiring an additional 142 shares during the last quarter. Allegheny Financial Group LTD grew its holdings in shares of CarMax by 4.1% in 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 last quarter. Sompo Asset Management Co. Ltd. increased its stake in CarMax by 1.6% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after buying an additional 170 shares during the period. Signaturefd LLC lifted its holdings in CarMax by 12.5% during the 3rd quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock valued at $120,000 after buying an additional 172 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in CarMax by 2.0% in the 2nd quarter. Fifth Third Bancorp now owns 9,008 shares of the company’s stock valued at $661,000 after buying an additional 177 shares during the period.

CarMax Price Performance

Shares of KMX opened at $83.12 on Wednesday. The company has a 50 day moving average of $78.30 and a two-hundred day moving average of $77.47. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. 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, Inc. has a twelve month low of $65.83 and a twelve month high of $88.22.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share 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 business had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. As a group, analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMX. JPMorgan Chase & Co. lifted their price target on shares of CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, December 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Finally, Evercore ISI increased their target price on shares of CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a report on Tuesday, December 3rd. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $81.00.

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.