Blueshift Asset Management LLC Trims Holdings in CarMax, Inc. (NYSE:KMX)

Blueshift Asset Management LLC lessened its stake in CarMax, Inc. (NYSE:KMX) by 6.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 71,018 shares of the company’s stock after selling 4,856 shares during the quarter. CarMax makes up about 1.4% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 6th largest position. Blueshift Asset Management LLC’s holdings in CarMax were worth $5,495,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. First Community Trust NA bought a new stake in CarMax in the 2nd quarter worth approximately $29,000. Quarry LP lifted its position in CarMax by 78.6% during 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 purchased a new position in shares of CarMax in the 3rd quarter worth $32,000. Blue Trust Inc. raised its position in shares of CarMax by 134.1% during 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 in the last quarter. Finally, Studio Investment Management LLC grew its position in CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares in the last quarter.

Analysts Set New Price Targets

KMX has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of CarMax in a research note on Wednesday, October 16th. JPMorgan Chase & Co. increased their price objective on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Finally, Truist Financial raised their price target on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.73.

CarMax Trading Down 0.1 %

NYSE:KMX opened at $85.09 on Wednesday. The firm has a market cap of $13.18 billion, a P/E ratio of 31.99, a P/E/G ratio of 1.73 and a beta of 1.68. CarMax, Inc. has a one year low of $62.90 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 has a 50-day simple moving average of $75.36 and a 200-day simple moving average of $75.92.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company 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%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 earnings per share. Equities analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

CarMax 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.