CarMax, Inc. (NYSE:KMX) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors decreased its position in CarMax, Inc. (NYSE:KMX) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,251 shares of the company’s stock after selling 162 shares during the quarter. Captrust Financial Advisors’ holdings in CarMax were worth $4,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. First Community Trust NA purchased a new stake in CarMax in the 2nd quarter valued at about $29,000. Quarry LP boosted its position in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of CarMax in the third quarter valued at about $32,000. Blue Trust Inc. grew its position in CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC increased its stake in CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares during the period.

Wall Street Analyst Weigh In

KMX has been the subject of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. BNP Paribas raised CarMax to a “strong sell” rating in a research note on Friday, September 27th. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $82.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, CarMax presently has a consensus rating of “Hold” and a consensus target price of $80.09.

CarMax Stock Performance

NYSE:KMX opened at $84.22 on Wednesday. The company has a market capitalization of $13.05 billion, a PE ratio of 31.66, a P/E/G ratio of 1.69 and a beta of 1.71. 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 company has a 50 day simple moving average of $76.06 and a two-hundred day simple moving average of $76.28. CarMax, Inc. has a fifty-two week low of $64.72 and a fifty-two week high of $88.22.

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 the consensus estimate of $0.86 by ($0.01). The firm 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 firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. Research analysts anticipate that CarMax, Inc. will post 2.99 earnings per share 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.