Assetmark Inc. Acquires 1,386 Shares of CarMax, Inc. (NYSE:KMX)

Assetmark Inc. boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 9,900.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,400 shares of the company’s stock after acquiring an additional 1,386 shares during the period. Assetmark Inc.’s holdings in CarMax were worth $108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CANADA LIFE ASSURANCE Co boosted its holdings in shares of CarMax by 29.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after buying an additional 37,660 shares in the last quarter. Swedbank AB bought a new stake in shares of CarMax in the 1st quarter valued at about $1,406,000. CWM LLC boosted its holdings in shares of CarMax by 69.6% in the 2nd quarter. CWM LLC now owns 17,776 shares of the company’s stock valued at $1,304,000 after buying an additional 7,294 shares in the last quarter. AMF Tjanstepension AB bought a new stake in shares of CarMax in the 2nd quarter valued at about $7,736,000. Finally, Eagle Rock Investment Company LLC bought a new stake in shares of CarMax in the 3rd quarter valued at about $747,000.

CarMax Stock Performance

KMX opened at $78.03 on Monday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The firm has a fifty day moving average price of $75.18 and a 200 day moving average price of $75.50. CarMax, Inc. has a 1 year low of $62.76 and a 1 year high of $88.22. The stock has a market cap of $12.09 billion, a P/E ratio of 29.33, a P/E/G ratio of 1.59 and a beta of 1.68.

CarMax (NYSE:KMX) last posted its 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). The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. Equities research analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

KMX has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of CarMax to a “sell” rating in a report on Friday, July 26th. Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Evercore ISI lifted their target price on shares of CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, October 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average 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.