Sterling Capital Management LLC grew its position in shares of CarMax, Inc. (NYSE:KMX – Free Report) by 528.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 26,758 shares of the company’s stock after buying an additional 22,501 shares during the quarter. Sterling Capital Management LLC’s holdings in CarMax were worth $1,475,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. MBL Wealth LLC bought a new position in shares of CarMax in the third quarter valued at approximately $449,000. Compass Wealth Management LLC bought a new stake in CarMax during the 3rd quarter worth approximately $61,000. Root Financial Partners LLC bought a new stake in CarMax during the 3rd quarter worth approximately $130,000. Reyes Financial Architecture Inc. bought a new stake in CarMax during the 3rd quarter worth approximately $53,000. Finally, IFP Advisors Inc increased its holdings in CarMax by 9.8% during the 3rd quarter. IFP Advisors Inc now owns 2,348 shares of the company’s stock valued at $129,000 after purchasing an additional 210 shares in the last quarter.
Analyst Ratings Changes
Several equities analysts have issued reports on KMX shares. UBS Group set a $65.00 price objective on CarMax in a research report on Thursday, October 15th. BNP Paribas Exane restated a “strong sell” rating and set a $48.00 target price (up from $33.00) on shares of CarMax in a report on Wednesday, September 30th. Royal Bank Of Canada raised their target price on CarMax from $45.00 to $56.00 and gave the company a “sector perform” rating in a research note on Wednesday, September 30th. Barclays raised their target price on CarMax from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 30th. Finally, JPMorgan Chase & Co. lifted their price target on CarMax from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $57.85.
Read Our Latest Stock Analysis on KMX
CarMax Price Performance
KMX opened at $52.49 on Tuesday. CarMax, Inc. has a one year low of $30.26 and a one year high of $65.28. The company has a debt-to-equity ratio of 2.66, a current ratio of 2.33 and a quick ratio of 0.57. The company’s 50 day simple moving average is $57.41 and its 200-day simple moving average is $49.26. The stock has a market capitalization of $7.45 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.23.
CarMax (NYSE:KMX – Get Free Report) last issued its quarterly earnings results on Tuesday, September 29th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.43. CarMax had a net margin of 1.06% and a return on equity of 7.76%. The business had revenue of $7.88 billion during the quarter, compared to analyst estimates of $7.09 billion. During the same quarter last year, the business posted $0.64 earnings per share. CarMax’s revenue for the quarter was up 19.5% compared to the same quarter last year. Sell-side analysts anticipate that CarMax, Inc. will post 3.15 earnings per share for the current fiscal year.
CarMax Profile
CarMax, Inc is a specialty retailer of used vehicles and operates one of the largest used-car sales networks in the United States. The company sells a broad selection of pre-owned cars, trucks and SUVs through its retail stores and online platform, offering customers tools for vehicle search, appraisal, financing and purchase.
CarMax also operates a vehicle appraisal and acquisition business, buying vehicles from consumers and other sources for resale through its retail or wholesale channels.
Featured Articles
- Five stocks we like better than CarMax
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc. (NYSE:KMX – Free Report).
Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.
