CarMax, Inc. (NYSE:KMX) Position Decreased by Blueshift Asset Management LLC

Blueshift Asset Management LLC lessened its holdings in shares of CarMax, Inc. (NYSE:KMX) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,018 shares of the company’s stock after selling 4,856 shares during the period. CarMax makes up 1.4% of Blueshift Asset Management LLC’s holdings, making the stock its 6th biggest position. Blueshift Asset Management LLC’s holdings in CarMax were worth $5,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. Baker Tilly Wealth Management LLC boosted its holdings in CarMax by 4.6% during the second quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock worth $217,000 after buying an additional 130 shares in the last quarter. Peoples Bank KS grew its position in shares of CarMax by 10.0% during the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock valued at $108,000 after acquiring an additional 135 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of CarMax by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after purchasing an additional 142 shares in the last quarter. Allegheny Financial Group LTD boosted its position in CarMax by 4.1% during the second quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock worth $264,000 after purchasing an additional 143 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. increased its position in shares of CarMax by 1.6% in the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock valued at $820,000 after buying an additional 170 shares in the last quarter.

Analysts Set New Price Targets

KMX has been the subject of a number of research reports. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Truist Financial raised their target price on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Evercore ISI boosted their price target on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, October 17th. Oppenheimer restated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Finally, Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $79.73.

CarMax Stock Performance

Shares of CarMax stock opened at $85.09 on Wednesday. The business’s fifty day simple moving average is $75.36 and its 200-day simple moving average is $75.92. 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 firm has a market cap of $13.18 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 1.73 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 announced its earnings results 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). The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period last year, the business earned $0.75 EPS. Equities analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current 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.