Centiva Capital LP Acquires Shares of 7,220 CarMax, Inc. (NYSE:KMX)

Centiva Capital LP bought a new position in shares of CarMax, Inc. (NYSE:KMX) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 7,220 shares of the company’s stock, valued at approximately $559,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Pacific Advisors LP lifted its holdings in CarMax by 2.0% during the second quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock worth $175,005,000 after acquiring an additional 47,184 shares during the period. Dimensional Fund Advisors LP increased its position in shares of CarMax by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after purchasing an additional 51,397 shares during the last quarter. Vulcan Value Partners LLC raised its stake in shares of CarMax by 299.7% during the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after purchasing an additional 1,369,986 shares during the period. FMR LLC boosted its holdings in shares of CarMax by 2,883.1% in the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after buying an additional 1,713,379 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in CarMax by 21.1% during the second quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock valued at $121,479,000 after buying an additional 288,165 shares during the period.

Wall Street Analyst Weigh In

Several analysts have commented on KMX shares. Evercore ISI lifted their price objective on shares of CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Truist Financial lifted their price target on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Finally, Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research note on Friday, October 4th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $81.00.

CarMax Trading Up 2.0 %

Shares of KMX opened at $86.23 on Friday. The business’s 50-day moving average price is $76.71 and its 200-day moving average price is $76.60. 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 twelve month low of $65.38 and a twelve month high of $88.22. The stock has a market cap of $13.36 billion, a PE ratio of 32.42, a P/E/G ratio of 1.70 and a beta of 1.71.

CarMax (NYSE:KMX) last posted its 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). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the company posted $0.75 EPS. The business’s revenue was down .9% on a year-over-year basis. On average, equities analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

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.