Arkadios Wealth Advisors Takes $221,000 Position in CarMax, Inc. (NYSE:KMX)

Arkadios Wealth Advisors bought a new stake in shares of CarMax, Inc. (NYSE:KMX) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 2,851 shares of the company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KMX. First Community Trust NA bought a new position in CarMax during the second quarter worth about $29,000. Quarry LP lifted its position in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares during the period. Blue Trust Inc. boosted its stake in 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 buying an additional 287 shares in the last quarter. Studio Investment Management LLC grew its position in CarMax by 176.7% in the second 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. Finally, Headlands Technologies LLC acquired a new position in CarMax during the first quarter worth $55,000.

CarMax Trading Down 2.3 %

Shares of KMX opened at $72.38 on Friday. The stock’s fifty day simple moving average is $76.86 and its 200-day simple moving average is $74.86. The firm has a market capitalization of $11.21 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68. CarMax, Inc. has a 12-month low of $59.77 and a 12-month high of $88.22. 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 released its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) 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 business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. As a group, research analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KMX. Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Truist Financial boosted their price target on shares of CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. raised their price objective on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. StockNews.com upgraded CarMax to a “sell” rating in a research report on Friday, July 26th. Finally, BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, CarMax currently has an average 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.