Raymond James Trust N.A. Acquires 2,097 Shares of CarMax, Inc. (NYSE:KMX)

Raymond James Trust N.A. lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 26.3% during the 3rd quarter, Holdings Channel reports. The firm owned 10,056 shares of the company’s stock after purchasing an additional 2,097 shares during the quarter. Raymond James Trust N.A.’s holdings in CarMax were worth $778,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. First Pacific Advisors LP boosted its holdings in shares of CarMax by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock worth $175,005,000 after buying an additional 47,184 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after acquiring an additional 51,397 shares in the last quarter. Vulcan Value Partners LLC grew its holdings in CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after purchasing an additional 1,369,986 shares during the period. Envestnet Asset Management Inc. increased its stake in CarMax by 21.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock valued at $121,479,000 after purchasing an additional 288,165 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of CarMax by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after purchasing an additional 436,342 shares during the period.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of research analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. JPMorgan Chase & Co. upped their target price on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Wedbush reiterated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Evercore ISI upped their price objective on shares of CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Four research 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.com, CarMax presently has an average rating of “Hold” and an average target price of $79.73.

CarMax Stock Up 4.4 %

CarMax stock opened at $85.15 on Tuesday. CarMax, Inc. has a fifty-two week low of $62.90 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The firm’s 50-day simple moving average is $75.36 and its 200 day simple moving average is $75.92. The stock has a market cap of $13.19 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 1.66 and a beta of 1.68.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS. Research analysts predict that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

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.