PDT Partners LLC Takes Position in CarMax, Inc. (NYSE:KMX)

PDT Partners LLC bought a new position in shares of CarMax, Inc. (NYSE:KMX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 20,901 shares of the company’s stock, valued at approximately $1,617,000.

Several other institutional investors have also recently made changes to their positions in the business. First Community Trust NA bought a new stake in CarMax in the 2nd quarter valued at $29,000. Quarry LP increased its holdings in shares of CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax in the third quarter worth about $32,000. Blue Trust Inc. lifted its position in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares in the last quarter. Finally, Studio Investment Management LLC boosted its stake in CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after buying an additional 334 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMX. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of CarMax in a report on Wednesday, October 16th. Finally, Truist Financial boosted their price objective on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $79.73.

CarMax Stock Performance

KMX stock opened at $83.97 on Monday. The firm has a market cap of $13.01 billion, a price-to-earnings ratio of 31.57, a PEG ratio of 1.71 and a beta of 1.68. CarMax, Inc. has a twelve month low of $62.90 and a twelve month high of $88.22. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The business’s fifty day simple moving average is $75.93 and its two-hundred day simple moving average is $76.20.

CarMax (NYSE:KMX) last announced its quarterly earnings data 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). The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. Analysts predict that CarMax, Inc. will post 2.99 earnings per share for the current year.

CarMax Profile

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.