Premier Path Wealth Partners LLC Has $1.24 Million Stock Holdings in CarMax, Inc. $KMX

Premier Path Wealth Partners LLC raised its stake in CarMax, Inc. (NYSE:KMX) by 20.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,489 shares of the company’s stock after buying an additional 3,126 shares during the quarter. Premier Path Wealth Partners LLC’s holdings in CarMax were worth $1,243,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in shares of CarMax during the 1st quarter worth $27,000. Accent Capital Management LLC acquired a new position in shares of CarMax during the 1st quarter worth $34,000. Strengthening Families & Communities LLC increased its stake in shares of CarMax by 93.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after purchasing an additional 256 shares during the last quarter. Quarry LP increased its stake in shares of CarMax by 50.5% during the 1st quarter. Quarry LP now owns 694 shares of the company’s stock worth $54,000 after purchasing an additional 233 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of CarMax by 25.8% during the 2nd quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock worth $76,000 after purchasing an additional 232 shares during the last quarter.

Wall Street Analyst Weigh In

KMX has been the topic of several analyst reports. Mizuho dropped their price target on shares of CarMax from $78.00 to $46.00 and set a “neutral” rating on the stock in a research note on Thursday, October 16th. Stephens lowered shares of CarMax from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $53.00 to $42.00 in a research note on Tuesday, October 7th. Oppenheimer reaffirmed a “market perform” rating on shares of CarMax in a report on Friday, September 26th. Truist Financial decreased their price objective on shares of CarMax from $74.00 to $47.00 and set a “hold” rating for the company in a report on Friday, September 26th. Finally, Morgan Stanley decreased their price objective on shares of CarMax from $80.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $51.75.

CarMax Price Performance

NYSE KMX opened at $42.42 on Thursday. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87. The company has a fifty day simple moving average of $52.23 and a 200 day simple moving average of $59.92. The company has a market cap of $6.23 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.85 and a beta of 1.27. CarMax, Inc. has a 1 year low of $42.24 and a 1 year high of $91.25.

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