HighTower Advisors LLC Sells 2,728 Shares of CarMax, Inc. (NYSE:KMX)

HighTower Advisors LLC trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 32.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,668 shares of the company’s stock after selling 2,728 shares during the quarter. HighTower Advisors LLC’s holdings in CarMax were worth $438,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in CarMax by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after buying an additional 142 shares in the last quarter. Allegheny Financial Group LTD grew its holdings in shares of CarMax by 4.1% during the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock worth $264,000 after purchasing an additional 143 shares in the last quarter. Sompo Asset Management Co. Ltd. increased its position in shares of CarMax by 1.6% in 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 during the period. Signaturefd LLC raised its stake in CarMax by 12.5% in the third quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock valued at $120,000 after purchasing an additional 172 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in CarMax by 1.1% during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,006 shares of the company’s stock worth $1,247,000 after purchasing an additional 184 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KMX shares. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday. Truist Financial raised their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday. Finally, JPMorgan Chase & Co. boosted their target price on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $85.17.

CarMax Trading Up 0.0 %

KMX opened at $84.27 on Friday. The firm has a market capitalization of $13.06 billion, a PE ratio of 31.68, a P/E/G ratio of 1.76 and a beta of 1.71. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. The company’s 50-day moving average is $79.01 and its 200 day moving average is $77.64.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the previous year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. As a group, research analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

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.