Creative Planning Has $1.07 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Creative Planning boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 5.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 13,833 shares of the company’s stock after acquiring an additional 766 shares during the period. Creative Planning’s holdings in CarMax were worth $1,070,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of KMX. First Community Trust NA acquired a new stake in CarMax during the 2nd quarter worth $29,000. Quarry LP grew its holdings in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares during the period. Blue Trust Inc. grew its holdings in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the period. Studio Investment Management LLC grew its holdings in CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in CarMax during the 1st quarter worth $55,000.

CarMax Trading Down 2.3 %

KMX opened at $72.38 on Friday. The stock 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. CarMax, Inc. has a 12 month low of $59.77 and a 12 month high of $88.22. The firm’s fifty day simple moving average is $76.86 and its 200 day simple moving average is $74.86. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last posted 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 company had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, research analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on KMX shares. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. lifted their price target on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Truist Financial lifted their price target on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Finally, StockNews.com raised shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.