Nomura Asset Management Co. Ltd. Acquires 498 Shares of CarMax, Inc. (NYSE:KMX)

Nomura Asset Management Co. Ltd. increased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 1.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,373 shares of the company’s stock after buying an additional 498 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in CarMax were worth $3,588,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KMX. Quarry LP lifted its holdings in shares of CarMax by 78.6% during the second 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 bought a new position in CarMax during the 3rd quarter worth $32,000. True Wealth Design LLC raised its position in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after purchasing an additional 436 shares during the last quarter. Blue Trust Inc. lifted its holdings in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares during the period. Finally, Studio Investment Management LLC grew its position in shares of CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after buying an additional 334 shares during the last quarter.

CarMax Stock Down 0.6 %

Shares of NYSE:KMX opened at $86.26 on Friday. The firm has a market cap of $13.36 billion, a P/E ratio of 32.43, a PEG ratio of 1.76 and a beta of 1.71. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $88.22. The business’s 50 day simple moving average is $77.81 and its two-hundred day simple moving average is $77.14. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25.

CarMax (NYSE:KMX) last issued its 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 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%. CarMax’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. As a group, research analysts forecast that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on KMX shares. Stephens started coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Truist Financial lifted their target price on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Evercore ISI boosted their target price on shares of CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. Finally, Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $81.00.

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.