Atlanta Consulting Group Advisors LLC Purchases Shares of 2,868 CarMax, Inc. (NYSE:KMX)

Atlanta Consulting Group Advisors LLC purchased a new stake in CarMax, Inc. (NYSE:KMX) during the third quarter, Holdings Channel reports. The institutional investor purchased 2,868 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds also recently bought and sold shares of KMX. O Shaughnessy Asset Management LLC acquired a new stake in CarMax in the 1st quarter valued at about $333,000. UniSuper Management Pty Ltd raised its position in CarMax by 526.6% in the 1st quarter. UniSuper Management Pty Ltd now owns 13,084 shares of the company’s stock valued at $1,140,000 after purchasing an additional 10,996 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of CarMax by 29.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock worth $14,573,000 after acquiring an additional 37,660 shares in the last quarter. Pitcairn Co. acquired a new stake in shares of CarMax during the 1st quarter worth about $208,000. Finally, Elgethun Capital Management raised its position in shares of CarMax by 1.3% during the 1st quarter. Elgethun Capital Management now owns 59,457 shares of the company’s stock worth $5,110,000 after acquiring an additional 785 shares in the last quarter.

CarMax Trading Down 0.2 %

Shares of KMX stock opened at $78.03 on Monday. The business’s 50 day moving average is $75.18 and its two-hundred day moving average is $75.50. CarMax, Inc. has a twelve month low of $62.76 and a twelve month high of $88.22. The company has a market capitalization of $12.09 billion, a P/E ratio of 29.33, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

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). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts forecast that CarMax, Inc. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KMX. Truist Financial raised their target price on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. raised their target price on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Evercore ISI raised their price target on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, October 17th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, BNP Paribas upgraded CarMax to a “strong sell” rating in a research note on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.