Quantbot Technologies LP Boosts Stock Holdings in CarMax, Inc. (NYSE:KMX)

Quantbot Technologies LP boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 208.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,455 shares of the company’s stock after buying an additional 28,694 shares during the period. Quantbot Technologies LP’s holdings in CarMax were worth $3,285,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC increased its stake in CarMax by 4.6% during the 2nd 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 boosted its holdings in shares of CarMax by 10.0% during the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock worth $108,000 after purchasing an additional 135 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of CarMax by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after purchasing an additional 142 shares during the last quarter. Allegheny Financial Group LTD boosted its holdings in shares of CarMax by 4.1% during the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock worth $264,000 after purchasing an additional 143 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. boosted its holdings in shares of CarMax by 1.6% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after purchasing an additional 170 shares during the last quarter.

CarMax Stock Down 0.6 %

Shares of KMX opened at $84.56 on Thursday. The company’s 50-day simple moving average is $75.48 and its 200-day simple moving average is $76.01. 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, Inc. has a 1 year low of $62.90 and a 1 year high of $88.22. The stock has a market capitalization of $13.10 billion, a PE ratio of 31.79, a P/E/G ratio of 1.73 and a beta of 1.68.

CarMax (NYSE:KMX) last issued its quarterly earnings results 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 business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the business earned $0.75 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. Analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KMX has been the topic of several recent research reports. Oppenheimer restated an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 target price on shares of CarMax in a report on Wednesday, October 16th. Evercore ISI boosted their target price on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. Truist Financial upped their price objective on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.73.

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.