CarMax, Inc. (NYSE:KMX) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP increased its position in shares of CarMax, Inc. (NYSE:KMX) by 208.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,455 shares of the company’s stock after purchasing 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.

Other large investors have also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC boosted its position in shares of 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 acquiring an additional 130 shares in the last quarter. Peoples Bank KS lifted its stake in CarMax by 10.0% during the second 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 CarMax by 2.3% in the second 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 increased its stake in CarMax by 4.1% in the second quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock valued at $264,000 after purchasing an additional 143 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. raised its holdings in CarMax by 1.6% during the third 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 in the last quarter.

CarMax Stock Performance

Shares of KMX opened at $84.56 on Thursday. 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 P/E ratio of 31.79, a P/E/G ratio of 1.73 and a beta of 1.68. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The company’s fifty day moving average is $75.48 and its two-hundred day moving average is $76.01.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, sell-side analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. JPMorgan Chase & Co. raised their price objective on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 target price on shares of CarMax in a report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, Evercore ISI boosted their price objective on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, October 17th. 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $79.73.

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.