Atria Investments LLC Has $3.16 Million Position in CarMax, Inc. (NYSE:KMX)

Atria Investments LLC increased its holdings in shares of CarMax, Inc. (NYSE:KMXGet Rating) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,877 shares of the company’s stock after acquiring an additional 1,871 shares during the quarter. Atria Investments LLC’s holdings in CarMax were worth $3,156,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of CarMax during the 2nd quarter worth approximately $73,000. UBS Group AG grew its holdings in CarMax by 221.7% in the 2nd quarter. UBS Group AG now owns 73,545 shares of the company’s stock valued at $6,655,000 after buying an additional 50,684 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in CarMax by 31.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,495,045 shares of the company’s stock valued at $225,752,000 after buying an additional 591,462 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in CarMax by 1.5% in the 2nd quarter. Mutual of America Capital Management LLC now owns 21,906 shares of the company’s stock valued at $1,982,000 after buying an additional 315 shares in the last quarter. Finally, Cibc World Market Inc. grew its holdings in CarMax by 17.9% in the 2nd quarter. Cibc World Market Inc. now owns 22,532 shares of the company’s stock valued at $2,039,000 after buying an additional 3,428 shares in the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.

CarMax Price Performance

Shares of KMX stock opened at $66.56 on Monday. The company has a quick ratio of 0.56, a current ratio of 2.75 and a debt-to-equity ratio of 3.33. CarMax, Inc. has a twelve month low of $54.85 and a twelve month high of $152.28. The company has a market cap of $10.52 billion, a P/E ratio of 13.42, a P/E/G ratio of 2.63 and a beta of 1.41. The business has a fifty day simple moving average of $69.30 and a 200 day simple moving average of $85.47.

CarMax (NYSE:KMXGet Rating) last announced its quarterly earnings data on Thursday, September 29th. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.40 by ($0.61). CarMax had a return on equity of 14.95% and a net margin of 2.40%. The business had revenue of $8.14 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the company earned $1.72 earnings per share. CarMax’s quarterly revenue was up 2.0% compared to the same quarter last year. On average, sell-side analysts forecast that CarMax, Inc. will post 4.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Oppenheimer decreased their price objective on CarMax from $125.00 to $100.00 and set an “outperform” rating on the stock in a report on Friday, September 30th. StockNews.com assumed coverage on CarMax in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. Stephens lowered CarMax from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $105.00 to $64.00 in a report on Monday, October 3rd. Robert W. Baird decreased their price objective on CarMax from $120.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday, September 30th. Finally, Bank of America downgraded CarMax from a “neutral” rating to an “underperform” rating and cut their target price for the company from $146.00 to $100.00 in a research report on Friday, September 9th. Two 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’s stock. Based on data from MarketBeat, CarMax currently has an average rating of “Hold” and an average target price of $83.80.

CarMax Profile

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CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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