4,541 Shares in CarMax, Inc. (NYSE:KMX) Purchased by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in shares of CarMax, Inc. (NYSE:KMX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,541 shares of the company’s stock, valued at approximately $351,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KMX. Quarry LP grew its holdings in shares of CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of CarMax during the third quarter valued at $32,000. True Wealth Design LLC boosted its position in shares of 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 buying an additional 436 shares during the last quarter. Blue Trust Inc. increased its holdings in CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC raised its position in CarMax by 176.7% in 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 last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on KMX. 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. Truist Financial boosted their target price on shares of CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price objective on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, CarMax has a consensus rating of “Hold” and a consensus price target of $81.00.

CarMax Stock Down 0.3 %

Shares of NYSE KMX opened at $85.96 on Tuesday. The stock has a market capitalization of $13.32 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $88.22. The stock’s fifty day simple moving average is $78.08 and its two-hundred day simple moving average is $77.38.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the previous year, the company earned $0.75 EPS. The company’s revenue was down .9% on a year-over-year basis. As a group, analysts expect that CarMax, Inc. will post 3.01 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.