Diversified Trust Co Invests $693,000 in CarMax, Inc. $KMX

Diversified Trust Co bought a new stake in CarMax, Inc. (NYSE:KMX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,453 shares of the company’s stock, valued at approximately $693,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMX. Jones Financial Companies Lllp raised its position in CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after buying an additional 173 shares during the period. Kaufman Rossin Wealth LLC raised its holdings in CarMax by 6.2% in the second quarter. Kaufman Rossin Wealth LLC now owns 3,342 shares of the company’s stock valued at $225,000 after acquiring an additional 194 shares in the last quarter. WCM Investment Management LLC raised its holdings in CarMax by 0.5% in the second quarter. WCM Investment Management LLC now owns 38,991 shares of the company’s stock valued at $2,597,000 after acquiring an additional 197 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in CarMax by 1.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,924 shares of the company’s stock worth $734,000 after acquiring an additional 198 shares during the last quarter.

CarMax Price Performance

Shares of KMX opened at $39.28 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $89.47. The stock has a market cap of $5.57 billion, a PE ratio of 12.96, a price-to-earnings-growth ratio of 0.93 and a beta of 1.29. The firm has a fifty day moving average price of $38.29 and a 200 day moving average price of $50.92.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.11. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The company had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. During the same quarter last year, the company posted $0.81 earnings per share. The business’s quarterly revenue was down 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on KMX shares. Royal Bank Of Canada increased their price objective on shares of CarMax from $34.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, December 19th. Oppenheimer reiterated a “market perform” rating on shares of CarMax in a research note on Friday, September 26th. Wall Street Zen lowered CarMax from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Bank of America lifted their price target on CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a report on Friday, December 19th. Finally, Barclays lowered their price objective on CarMax from $28.00 to $24.00 and set an “underweight” rating for the company in a research report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have assigned a Hold rating and seven have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $39.36.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.