waypoint wealth counsel Invests $219,000 in CarMax, Inc. (NYSE:KMX)

waypoint wealth counsel purchased a new stake in CarMax, Inc. (NYSE:KMX) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,835 shares of the company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds have also bought and sold shares of KMX. Vulcan Value Partners LLC raised its holdings in shares of CarMax by 299.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after buying an additional 1,369,986 shares in the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of CarMax by 1,327.3% in the first quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock worth $89,070,000 after acquiring an additional 951,558 shares during the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of CarMax by 3,094.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock valued at $51,949,000 after purchasing an additional 577,685 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of CarMax by 87.6% during the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after purchasing an additional 541,967 shares during the last quarter. Finally, Verition Fund Management LLC increased its position in CarMax by 5,711.9% during the 4th quarter. Verition Fund Management LLC now owns 427,176 shares of the company’s stock worth $32,781,000 after purchasing an additional 419,826 shares in the last quarter.

Analysts Set New Price Targets

KMX has been the topic of a number of research analyst reports. Needham & Company LLC raised their target price on shares of CarMax from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 target price on shares of CarMax in a report on Friday, June 21st. StockNews.com raised CarMax to a “sell” rating in a research note on Friday, July 26th. Royal Bank of Canada upped their price objective on CarMax from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Finally, Mizuho cut their target price on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $79.45.

CarMax Stock Performance

Shares of NYSE:KMX traded down $1.10 during midday trading on Friday, reaching $73.09. 2,158,496 shares of the company traded hands, compared to its average volume of 1,952,637. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The firm’s fifty day moving average price is $79.16 and its two-hundred day moving average price is $76.17. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 28.55, a price-to-earnings-growth ratio of 1.56 and a beta of 1.68.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.55% and a return on equity of 6.64%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business posted $0.75 earnings per share. CarMax’s revenue was down .9% compared to the same quarter last year. On average, equities analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current year.

Insider Activity

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at $965,567.88. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the sale, the executive vice president now owns 11,738 shares in the company, valued at $965,567.88. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Charles Joseph Wilson sold 10,021 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the transaction, the chief operating officer now owns 15,609 shares of the company’s stock, valued at $1,249,032.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 184,012 shares of company stock worth $14,803,843 in the last three months. Corporate insiders own 1.66% of the company’s stock.

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.