Nomura Asset Management Co. Ltd. Raises Position in CarMax, Inc. (NYSE:KMX)

Nomura Asset Management Co. Ltd. lifted its stake in shares of CarMax, Inc. (NYSE:KMX) by 1.1% during the 3rd quarter, Holdings Channel reports. The institutional investor 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 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. lifted its stake in CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after acquiring an additional 10,898 shares in the last quarter. Eagle Rock Investment Company LLC bought a new position in shares of CarMax during the third quarter valued at about $747,000. iSAM Funds UK Ltd purchased a new position in CarMax during the third quarter worth about $537,000. Centiva Capital LP bought a new stake in CarMax in the 3rd quarter worth about $559,000. Finally, Dimensional Fund Advisors LP grew its position in CarMax by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after purchasing an additional 51,397 shares in the last quarter.

CarMax Trading Down 0.6 %

NYSE:KMX opened at $86.26 on Friday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $88.22. The stock’s fifty day moving average price is $77.81 and its two-hundred day moving average price is $77.14. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The company has a market cap of $13.36 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.76 and a beta of 1.71.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate 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 prior year, the firm posted $0.75 EPS. CarMax’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 year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on KMX. Oppenheimer restated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Stephens began coverage on CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Evercore ISI boosted their price target on shares of CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a report on Tuesday, December 3rd. Finally, BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.