Twin City Private Wealth LLC Grows Position in CarMax, Inc. $KMX

Twin City Private Wealth LLC raised its holdings in CarMax, Inc. (NYSE:KMX) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,059 shares of the company’s stock after acquiring an additional 359 shares during the period. Twin City Private Wealth LLC’s holdings in CarMax were worth $1,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Earned Wealth Advisors LLC purchased a new stake in shares of CarMax in the 2nd quarter valued at about $257,000. Simon Quick Advisors LLC raised its holdings in shares of CarMax by 41.0% in the 2nd quarter. Simon Quick Advisors LLC now owns 3,742 shares of the company’s stock valued at $252,000 after acquiring an additional 1,088 shares in the last quarter. Atria Investments Inc raised its holdings in shares of CarMax by 11.5% in the 2nd quarter. Atria Investments Inc now owns 44,293 shares of the company’s stock valued at $2,977,000 after acquiring an additional 4,577 shares in the last quarter. Assetmark Inc. raised its holdings in shares of CarMax by 90.0% in the 2nd quarter. Assetmark Inc. now owns 332,799 shares of the company’s stock valued at $22,367,000 after acquiring an additional 157,640 shares in the last quarter. Finally, Premier Path Wealth Partners LLC raised its holdings in shares of CarMax by 20.3% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 18,489 shares of the company’s stock valued at $1,243,000 after acquiring an additional 3,126 shares in the last quarter.

CarMax Price Performance

KMX opened at $41.98 on Friday. The stock’s 50 day simple moving average is $51.55 and its 200 day simple moving average is $59.61. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.46 and a quick ratio of 1.06. CarMax, Inc. has a 1 year low of $41.13 and a 1 year high of $91.25. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.81 and a beta of 1.27.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.39). CarMax had a return on equity of 8.51% and a net margin of 1.98%.The company had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. CarMax’s revenue was down 6.0% compared to the same quarter last year. As a group, analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Stephens cut CarMax from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $42.00 in a report on Tuesday, October 7th. Evercore ISI reaffirmed an “in-line” rating and issued a $52.00 price target (down previously from $80.00) on shares of CarMax in a report on Friday, September 26th. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a report on Tuesday, October 14th. Needham & Company LLC decreased their price objective on CarMax from $92.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Finally, Zacks Research cut CarMax from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.75.

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.