Parametrica Management Ltd Buys New Position in CarMax, Inc. (NYSE:KMX)

Parametrica Management Ltd bought a new stake in shares of CarMax, Inc. (NYSE:KMX) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 2,734 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds have also modified their holdings of the company. First Community Trust NA purchased a new stake in shares of CarMax during the 2nd quarter valued at about $29,000. Quarry LP raised its holdings in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of CarMax during the 3rd quarter valued at about $32,000. Blue Trust Inc. raised its holdings in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the period. Finally, Studio Investment Management LLC raised its holdings in shares of CarMax by 176.7% during the 2nd 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 period.

CarMax Stock Performance

NYSE:KMX traded up $1.22 during midday trading on Wednesday, reaching $77.91. 794,615 shares of the company traded hands, compared to its average volume of 1,893,128. CarMax, Inc. has a twelve month low of $62.76 and a twelve month high of $88.22. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.56 and a beta of 1.68. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The company has a fifty day moving average price of $75.35 and a 200 day moving average price of $75.29.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts expect that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Evercore ISI lifted their price objective on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, July 26th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Finally, Truist Financial lifted their price objective on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $79.73.

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.