UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Position in CarMax, Inc. (NYSE:KMX)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in CarMax, Inc. (NYSE:KMX) by 0.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,510,325 shares of the company’s stock after acquiring an additional 11,865 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.97% of CarMax worth $116,869,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

KMX has been the subject of several research analyst reports. JPMorgan Chase & Co. upped 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. BNP Paribas upgraded CarMax to a “strong sell” rating in a report on Friday, September 27th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $79.73.

CarMax Stock Down 0.7 %

NYSE KMX opened at $83.97 on Monday. 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, Inc. has a fifty-two week low of $62.90 and a fifty-two week high of $88.22. The business has a 50 day moving average price of $75.93 and a two-hundred day moving average price of $76.20. The stock has a market cap of $13.01 billion, a PE ratio of 31.57, a P/E/G ratio of 1.71 and a beta of 1.68.

CarMax (NYSE:KMX) last released its quarterly 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). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the previous year, the business posted $0.75 earnings per share. CarMax’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts predict that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

About CarMax

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.