Earned Wealth Advisors LLC Buys Shares of 3,821 CarMax, Inc. $KMX

by · The Cerbat Gem

Earned Wealth Advisors LLC bought a new stake in shares of CarMax, Inc. (NYSE:KMX – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,821 shares of the company’s stock, valued at approximately $257,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Simon Quick Advisors LLC increased its stake in CarMax by 41.0% during the second quarter. Simon Quick Advisors LLC now owns 3,742 shares of the company’s stock valued at $252,000 after purchasing an additional 1,088 shares during the last quarter. Atria Investments Inc grew its position in shares of CarMax by 11.5% during the second quarter. Atria Investments Inc now owns 44,293 shares of the company’s stock worth $2,977,000 after acquiring an additional 4,577 shares during the last quarter. Assetmark Inc. grew its position in shares of CarMax by 90.0% during the second quarter. Assetmark Inc. now owns 332,799 shares of the company’s stock worth $22,367,000 after acquiring an additional 157,640 shares during the last quarter. Premier Path Wealth Partners LLC grew its position in shares of CarMax by 20.3% during the second quarter. Premier Path Wealth Partners LLC now owns 18,489 shares of the company’s stock worth $1,243,000 after acquiring an additional 3,126 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in shares of CarMax by 45.3% during the second quarter. Hantz Financial Services Inc. now owns 191,827 shares of the company’s stock worth $12,893,000 after acquiring an additional 59,840 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KMX shares. Stephens lowered shares of CarMax from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $53.00 to $42.00 in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lowered their price target on shares of CarMax from $65.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, September 26th. Royal Bank Of Canada lowered their price target on shares of CarMax from $81.00 to $59.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. BNP Paribas Exane lowered their price target on shares of CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Finally, Evercore ISI restated an “in-line” rating and set a $52.00 price target (down previously from $80.00) on shares of CarMax in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.75.

Check Out Our Latest Report on CarMax

CarMax Stock Performance

Shares of KMX opened at $41.98 on Friday. The firm has a 50-day moving average price of $51.55 and a 200 day moving average price of $59.61. The firm has a market capitalization of $6.16 billion, a PE ratio of 12.31, a P/E/G ratio of 0.81 and a beta of 1.27. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a 52-week low of $41.13 and a 52-week high of $91.25.

CarMax (NYSE:KMX – Get Free Report) last announced its earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). The company had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

About CarMax

(Free Report)

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.

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