CarMax, Inc. (NYSE:KMX) Shares Acquired by 1834 Investment Advisors Co.

1834 Investment Advisors Co. boosted its stake in CarMax, Inc. (NYSE:KMX) by 9.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 7,184 shares of the company’s stock after acquiring an additional 611 shares during the quarter. 1834 Investment Advisors Co.’s holdings in CarMax were worth $556,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co grew its position in shares of CarMax by 29.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after purchasing an additional 37,660 shares during the period. State Board of Administration of Florida Retirement System increased its stake in CarMax by 10.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after buying an additional 17,557 shares in the last quarter. Swedbank AB acquired a new position in shares of CarMax during the first quarter valued at approximately $1,406,000. SG Americas Securities LLC lifted its position in shares of CarMax by 7.9% in the first quarter. SG Americas Securities LLC now owns 22,939 shares of the company’s stock valued at $1,998,000 after acquiring an additional 1,688 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of CarMax by 69.6% in the second quarter. CWM LLC now owns 17,776 shares of the company’s stock worth $1,304,000 after acquiring an additional 7,294 shares during the last quarter.

CarMax Stock Performance

NYSE KMX opened at $76.93 on Thursday. The stock has a market cap of $11.92 billion, a PE ratio of 28.92, a P/E/G ratio of 1.49 and a beta of 1.68. CarMax, Inc. has a twelve month low of $61.73 and a twelve month high of $88.22. The stock has a fifty day simple moving average of $76.14 and a 200-day simple moving average of $75.04. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last announced 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). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. CarMax’s revenue was down .9% on a year-over-year basis. Equities analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on KMX shares. Evercore ISI increased their price objective on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, October 17th. Truist Financial raised their price target on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Wedbush reaffirmed an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Finally, Oppenheimer restated an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.73.

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.