Marks Group Wealth Management Inc Trims Stock Position in CarMax, Inc. (NYSE:KMX)

Marks Group Wealth Management Inc lessened its stake in shares of CarMax, Inc. (NYSE:KMX) by 4.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,442 shares of the company’s stock after selling 168 shares during the period. Marks Group Wealth Management Inc’s holdings in CarMax were worth $266,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Private Advisor Group LLC lifted its holdings in CarMax by 83.2% during the first quarter. Private Advisor Group LLC now owns 21,032 shares of the company’s stock worth $1,832,000 after buying an additional 9,549 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of CarMax by 1.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 27,448 shares of the company’s stock worth $2,391,000 after purchasing an additional 342 shares during the last quarter. Nordea Investment Management AB boosted its position in CarMax by 6.6% during the first quarter. Nordea Investment Management AB now owns 13,378 shares of the company’s stock valued at $1,166,000 after purchasing an additional 831 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in CarMax by 111.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 7,328 shares of the company’s stock valued at $638,000 after purchasing an additional 3,865 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in CarMax by 287.1% in the first quarter. GSA Capital Partners LLP now owns 12,743 shares of the company’s stock worth $1,110,000 after purchasing an additional 9,451 shares in the last quarter.

CarMax Stock Up 4.1 %

KMX stock opened at $76.93 on Thursday. CarMax, Inc. has a one year low of $61.73 and a one year 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 firm’s fifty day moving average is $76.14 and its 200 day moving average is $75.04. The firm 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.

CarMax (NYSE:KMX) last announced its quarterly 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 business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. CarMax’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current year.

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of recent analyst reports. Truist Financial raised their price target on shares of CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a report on Monday, September 23rd. StockNews.com raised shares of CarMax to a “sell” rating in a report on Friday, July 26th. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price objective on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Finally, Evercore ISI raised their price objective on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock 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.