Atria Investments LLC Increases Position in CarMax, Inc. (NYSE:KMX)

Atria Investments LLC boosted its holdings in shares of CarMax, Inc. (NYSE:KMX – Get Rating) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,685 shares of the company’s stock after acquiring an additional 1,808 shares during the period. Atria Investments LLC’s holdings in CarMax were worth $2,422,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of KMX. First Pacific Advisors LP purchased a new stake in shares of CarMax in the 2nd quarter valued at approximately $130,463,000. Wellington Management Group LLP grew its stake in shares of CarMax by 29.4% in the 1st quarter. Wellington Management Group LLP now owns 3,548,930 shares of the company’s stock valued at $342,400,000 after buying an additional 805,438 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 during the period. Principal Financial Group Inc. grew its stake in shares of CarMax by 4.6% in the 2nd quarter. Principal Financial Group Inc. now owns 10,389,224 shares of the company’s stock valued at $940,017,000 after buying an additional 455,386 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of CarMax by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,690,606 shares of the company’s stock valued at $1,706,790,000 after buying an additional 303,973 shares during the period.

Insider Activity

In other news, President & CEO William D. Nash acquired 8,220 shares of CarMax stock in a transaction dated Friday, December 30th. The shares were acquired at an average cost of $60.98 per share, for a total transaction of $501,255.60. Following the acquisition, the insider now owns 165,128 shares of the company’s stock, valued at $10,069,505.44. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KMX. StockNews.com raised shares of CarMax to a “sell” rating in a research report on Friday, December 9th. Royal Bank of Canada lowered their price objective on shares of CarMax from $108.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 30th. Wedbush lowered their price objective on shares of CarMax from $67.00 to $55.00 in a research report on Tuesday, December 20th. Argus cut shares of CarMax from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. Finally, Evercore ISI lowered their price objective on shares of CarMax from $63.00 to $60.00 and set an “in-line” rating for the company in a research report on Friday, December 23rd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus target price of $69.40.

CarMax Price Performance

Shares of KMX opened at $65.00 on Tuesday. CarMax, Inc. has a twelve month low of $52.10 and a twelve month high of $116.75. The firm’s fifty day simple moving average is $65.27 and its 200-day simple moving average is $76.86. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 18.21, a PEG ratio of 2.80 and a beta of 1.44. The company has a current ratio of 2.57, a quick ratio of 0.81 and a debt-to-equity ratio of 3.21.

CarMax (NYSE:KMX – Get Rating) last announced its quarterly earnings data on Thursday, December 22nd. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.50). CarMax had a net margin of 1.82% and a return on equity of 10.69%. The firm had revenue of $6.51 billion during the quarter, compared to analyst estimates of $7.18 billion. During the same quarter in the previous year, the business posted $1.63 earnings per share. CarMax’s revenue for the quarter was down 23.7% compared to the same quarter last year. Equities analysts forecast that CarMax, Inc. will post 2.84 EPS for the current fiscal year.

About CarMax

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CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations.