Asset Management One Co. Ltd. Has $4.50 Million Stake in CarMax, Inc. (NYSE:KMX)

Asset Management One Co. Ltd. decreased its position in shares of CarMax, Inc. (NYSE:KMX) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,184 shares of the company’s stock after selling 931 shares during the period. Asset Management One Co. Ltd.’s holdings in CarMax were worth $4,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of CarMax by 11.3% during the third quarter. Van ECK Associates Corp now owns 73,715 shares of the company’s stock valued at $5,308,000 after purchasing an additional 7,507 shares during the last quarter. Principal Securities Inc. grew its stake in shares of CarMax by 3.7% during the third quarter. Principal Securities Inc. now owns 72,700 shares of the company’s stock valued at $5,625,000 after purchasing an additional 2,623 shares during the last quarter. Voisard Asset Management Group Inc. grew its stake in shares of CarMax by 43.5% during the third quarter. Voisard Asset Management Group Inc. now owns 1,980 shares of the company’s stock valued at $153,000 after purchasing an additional 600 shares during the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of CarMax by 32.8% during the third quarter. First Trust Direct Indexing L.P. now owns 5,118 shares of the company’s stock valued at $396,000 after purchasing an additional 1,263 shares during the last quarter. Finally, abrdn plc grew its stake in shares of CarMax by 69.2% during the third quarter. abrdn plc now owns 59,920 shares of the company’s stock valued at $4,637,000 after purchasing an additional 24,498 shares during the last quarter.

Wall Street Analyst Weigh In

KMX has been the topic of several research analyst reports. Truist Financial increased their price target on shares of CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Wedbush reissued an “outperform” rating and set a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. StockNews.com raised shares of CarMax to a “sell” rating in a research note on Friday, July 26th. Evercore ISI raised their price objective on shares of CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, October 17th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. Four equities 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $79.73.

CarMax Price Performance

Shares of KMX stock opened at $75.54 on Friday. CarMax, Inc. has a 12-month low of $61.73 and a 12-month high of $88.22. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.57 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 firm has a fifty day moving average of $75.63 and a 200-day moving average of $75.12.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (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 during the quarter, compared to analyst estimates of $6.83 billion. During the same period last year, the firm earned $0.75 EPS. CarMax’s quarterly revenue was down .9% on a year-over-year basis. On average, equities research analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current year.

About CarMax

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.