Truist Financial Corp Boosts Holdings in CarMax, Inc. $KMX

Truist Financial Corp increased its holdings in CarMax, Inc. (NYSE:KMX) by 2.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,422 shares of the company’s stock after purchasing an additional 1,526 shares during the period. Truist Financial Corp’s holdings in CarMax were worth $5,002,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in KMX. Sivia Capital Partners LLC purchased a new stake in shares of CarMax during the 1st quarter worth approximately $204,000. Farther Finance Advisors LLC raised its holdings in shares of CarMax by 138.3% during the 1st quarter. Farther Finance Advisors LLC now owns 2,397 shares of the company’s stock worth $189,000 after acquiring an additional 1,391 shares in the last quarter. Pallas Capital Advisors LLC raised its holdings in shares of CarMax by 12.6% during the 1st quarter. Pallas Capital Advisors LLC now owns 10,911 shares of the company’s stock worth $850,000 after acquiring an additional 1,225 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of CarMax by 12.6% during the 1st quarter. GAMMA Investing LLC now owns 6,620 shares of the company’s stock worth $516,000 after acquiring an additional 742 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of CarMax by 105.7% during the 1st quarter. SG Americas Securities LLC now owns 11,303 shares of the company’s stock worth $881,000 after acquiring an additional 5,808 shares in the last quarter.

CarMax Stock Performance

Shares of CarMax stock opened at $44.89 on Wednesday. The stock’s fifty day moving average is $56.43 and its two-hundred day moving average is $63.54. The company has a market capitalization of $6.59 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 0.88 and a beta of 1.27. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a 52 week low of $42.75 and a 52 week high of $91.25.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.39). The business had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. The business’s revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.85 EPS. As a group, analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on KMX. Seaport Res Ptn cut CarMax from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 28th. Robert W. Baird decreased their price objective on CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Morgan Stanley decreased their price objective on CarMax from $80.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday, October 1st. BNP Paribas Exane cut their target price on CarMax from $52.00 to $35.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. Finally, Benchmark cut their target price on CarMax from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $54.42.

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.