CarMax, Inc. (NYSE:KMX) Shares Bought by Assetmark Inc.

Assetmark Inc. raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 9,900.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,400 shares of the company’s stock after purchasing an additional 1,386 shares during the quarter. Assetmark Inc.’s holdings in CarMax were worth $108,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Verdence Capital Advisors LLC grew its holdings in shares of CarMax by 5.3% during the third quarter. Verdence Capital Advisors LLC now owns 10,285 shares of the company’s stock worth $796,000 after buying an additional 514 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of CarMax during the third quarter worth $2,499,000. Capital Performance Advisors LLP purchased a new stake in shares of CarMax during the third quarter worth $100,000. Olympiad Research LP purchased a new stake in shares of CarMax during the third quarter worth $551,000. Finally, Graypoint LLC purchased a new stake in shares of CarMax during the third quarter worth $202,000.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KMX shares. Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. JPMorgan Chase & Co. upped 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. StockNews.com raised shares of CarMax to a “sell” rating in a report on Friday, July 26th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective 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 issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $79.73.

CarMax Trading Down 0.2 %

Shares of KMX stock opened at $78.03 on Monday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The firm has a market cap of $12.09 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68. The company has a 50-day moving average of $75.18 and a two-hundred day moving average of $75.50. CarMax, Inc. has a 1-year low of $62.76 and a 1-year high of $88.22.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.75 EPS. On average, analysts predict that CarMax, Inc. will post 2.99 EPS for the current 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.