True Wealth Design LLC Buys 436 Shares of CarMax, Inc. (NYSE:KMX)

True Wealth Design LLC grew its stake in shares of CarMax, Inc. (NYSE:KMX) by 4,844.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 445 shares of the company’s stock after buying an additional 436 shares during the period. True Wealth Design LLC’s holdings in CarMax were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Tidal Investments LLC bought a new position in CarMax during the 1st quarter worth approximately $382,000. Virtu Financial LLC acquired a new position in shares of CarMax in the 1st quarter valued at $255,000. Swedbank AB bought a new stake in shares of CarMax in the 1st quarter valued at $1,406,000. Cetera Investment Advisers raised its stake in CarMax by 942.3% during the 1st quarter. Cetera Investment Advisers now owns 125,790 shares of the company’s stock worth $10,958,000 after buying an additional 113,721 shares during the period. Finally, Cetera Advisors LLC grew its stake in CarMax by 48.7% in the first quarter. Cetera Advisors LLC now owns 9,178 shares of the company’s stock valued at $799,000 after acquiring an additional 3,004 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KMX shares. JPMorgan Chase & Co. lifted their price objective on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Evercore ISI boosted their price objective on shares of CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, October 17th. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 target price on shares of CarMax in a report on Wednesday, October 16th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $79.73.

CarMax Price Performance

NYSE:KMX opened at $83.97 on Monday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 12-month low of $62.90 and a 12-month high of $88.22. The stock’s 50 day moving average price is $75.93 and its two-hundred day moving average price is $76.20. The firm has a market capitalization of $13.01 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 1.71 and a beta of 1.68.

CarMax (NYSE:KMX) last posted its quarterly earnings results 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 business had revenue of $7.01 billion during 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 firm’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. On average, analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current year.

CarMax Company 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.