Public Sector Pension Investment Board Buys 800 Shares of CarMax, Inc. (NYSE:KMX)

Public Sector Pension Investment Board grew its position in CarMax, Inc. (NYSE:KMX) by 13.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 6,753 shares of the company’s stock after acquiring an additional 800 shares during the period. Public Sector Pension Investment Board’s holdings in CarMax were worth $523,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Quarry LP raised its position in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of CarMax in the third quarter valued at approximately $32,000. Blue Trust Inc. raised its holdings 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 during the last quarter. Studio Investment Management LLC boosted its position in CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares during the period. Finally, Larson Financial Group LLC grew its holdings in CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after acquiring an additional 353 shares during the last quarter.

CarMax Trading Up 2.0 %

NYSE:KMX opened at $86.23 on Monday. CarMax, Inc. has a 12 month low of $65.38 and a 12 month high of $88.22. 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 stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 1.70 and a beta of 1.71. The firm has a fifty day simple moving average of $76.71 and a two-hundred day simple moving average of $76.65.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. Analysts expect that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMX. Stephens assumed coverage on shares of CarMax in a report on Thursday. They set an “equal weight” rating and a $86.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Evercore ISI lifted their price objective on CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 3rd. Truist Financial increased their target price 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. Finally, BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, CarMax 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.