Icon Wealth Advisors LLC Acquires 359 Shares of CarMax, Inc. (NYSE:KMX)

Icon Wealth Advisors LLC lifted its stake in CarMax, Inc. (NYSE:KMX) by 5.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,566 shares of the company’s stock after purchasing an additional 359 shares during the period. Icon Wealth Advisors LLC’s holdings in CarMax were worth $585,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. First Community Trust NA bought a new position in shares of CarMax in the second quarter worth about $29,000. Quarry LP increased its holdings in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in CarMax during the 3rd quarter worth approximately $32,000. Blue Trust Inc. lifted its holdings in CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC boosted its position in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price target on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Truist Financial upped their price target on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Evercore ISI lifted their price objective on shares of CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $82.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $79.73.

CarMax Price Performance

KMX stock opened at $84.01 on Friday. CarMax, Inc. has a 52 week low of $62.90 and a 52 week high of $88.22. The firm has a market capitalization of $13.02 billion, a P/E ratio of 31.58, a price-to-earnings-growth ratio of 1.72 and a beta of 1.68. The company has a fifty day simple moving average of $75.77 and a two-hundred day simple moving average of $76.13. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.85 EPS 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 the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. Analysts anticipate that CarMax, Inc. will post 2.99 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.