Ascent Group LLC Acquires 4,806 Shares of CarMax, Inc. (NYSE:KMX)

Ascent Group LLC increased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 10.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,785 shares of the company’s stock after acquiring an additional 4,806 shares during the quarter. Ascent Group LLC’s holdings in CarMax were worth $3,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of KMX. Biglari Sardar raised its stake in shares of CarMax by 24.4% during the 3rd quarter. Biglari Sardar now owns 30,600 shares of the company’s stock worth $2,368,000 after purchasing an additional 6,000 shares during the period. Paloma Partners Management Co purchased a new position in CarMax in the third quarter valued at about $394,000. True Wealth Design LLC grew its position in shares of CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 436 shares during the period. Semmax Financial Advisors Inc. grew its position in shares of CarMax by 6.2% during the 3rd quarter. Semmax Financial Advisors Inc. now owns 38,575 shares of the company’s stock valued at $2,958,000 after acquiring an additional 2,244 shares during the period. Finally, PDT Partners LLC purchased a new stake in shares of CarMax during the 3rd quarter worth approximately $1,617,000.

CarMax Price Performance

CarMax stock opened at $83.97 on Monday. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.71 and a beta of 1.68. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The business has a 50-day simple moving average of $75.93 and a 200 day simple moving average of $76.20. 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 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KMX shares. Evercore ISI upped their price objective on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, October 17th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research note on Friday, September 27th. Truist Financial boosted their price objective on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.73.

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.