Assenagon Asset Management S.A. Acquires 1,969 Shares of CarMax, Inc. (NYSE:KMX)

Assenagon Asset Management S.A. raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 6.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,508 shares of the company’s stock after acquiring an additional 1,969 shares during the period. Assenagon Asset Management S.A.’s holdings in CarMax were worth $2,361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Signaturefd LLC grew its position in CarMax by 12.5% during the third quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock valued at $120,000 after acquiring an additional 172 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of CarMax in the third quarter worth approximately $223,000. Graybill Wealth Management LTD. grew its holdings in shares of CarMax by 1.4% in the third quarter. Graybill Wealth Management LTD. now owns 32,825 shares of the company’s stock worth $2,540,000 after purchasing an additional 468 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of CarMax by 4.5% in the third quarter. Foundations Investment Advisors LLC now owns 12,422 shares of the company’s stock worth $961,000 after purchasing an additional 540 shares during the last quarter. Finally, OLD National Bancorp IN grew its holdings in shares of CarMax by 1.6% in the third quarter. OLD National Bancorp IN now owns 209,276 shares of the company’s stock worth $16,194,000 after purchasing an additional 3,307 shares during the last quarter.

CarMax Stock Performance

Shares of CarMax stock opened at $72.38 on Friday. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm has a market capitalization of $11.21 billion, a P/E ratio of 27.21, a P/E/G ratio of 1.45 and a beta of 1.68. The business has a fifty day simple moving average of $76.86 and a two-hundred day simple moving average of $74.86. CarMax, Inc. has a 12 month low of $59.77 and a 12 month high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 EPS. On average, equities analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMX. Royal Bank of Canada restated 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 issued a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. StockNews.com raised CarMax to a “sell” rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. raised their price target on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, CarMax has a consensus rating of “Hold” and an average price target 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.