Aureus Asset Management LLC Has $24.44 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Aureus Asset Management LLC lessened its holdings in CarMax, Inc. (NYSE:KMX) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 315,790 shares of the company’s stock after selling 8,076 shares during the quarter. CarMax comprises about 1.6% of Aureus Asset Management LLC’s investment portfolio, making the stock its 26th largest position. Aureus Asset Management LLC’s holdings in CarMax were worth $24,436,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. First Community Trust NA acquired a new stake in CarMax during the second quarter valued at $29,000. Quarry LP boosted 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 acquired a new stake in CarMax during the third quarter valued at $32,000. True Wealth Design LLC boosted its position in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares during the last quarter.

CarMax Trading Down 0.7 %

CarMax stock opened at $83.97 on Monday. 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 business’s 50-day simple moving average is $75.93 and its 200-day simple moving average is $76.20. The firm has a market capitalization of $13.01 billion, a PE ratio of 31.57, a PEG ratio of 1.71 and a beta of 1.68. CarMax, Inc. has a 52 week low of $62.90 and a 52 week high of $88.22.

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

Analyst Ratings Changes

A number of analysts recently issued reports on KMX shares. Evercore ISI lifted their price objective on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, October 17th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. 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 data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average price target of $79.73.

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.