US Bancorp DE Sells 2,452 Shares of CarMax, Inc. (NYSE:KMX)

US Bancorp DE cut its position in shares of CarMax, Inc. (NYSE:KMX) by 7.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,494 shares of the company’s stock after selling 2,452 shares during the period. US Bancorp DE’s holdings in CarMax were worth $2,205,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Truist Financial boosted their price target on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Evercore ISI raised their price target on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, October 17th. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price target on shares of CarMax in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.73.

CarMax Price Performance

Shares of NYSE KMX opened at $76.93 on Thursday. CarMax, Inc. has a fifty-two week low of $61.73 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The company 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. The business has a 50-day simple moving average of $76.14 and a two-hundred day simple moving average of $75.04.

CarMax (NYSE:KMX) last released 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). The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. As a group, equities analysts expect that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

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.