Candriam S.C.A. Increases Stock Position in CarMax, Inc. $KMX

Candriam S.C.A. grew its position in CarMax, Inc. (NYSE:KMX) by 1,916.2% in the third quarter, HoldingsChannel reports. The fund owned 494,079 shares of the company’s stock after acquiring an additional 469,573 shares during the quarter. Candriam S.C.A.’s holdings in CarMax were worth $22,169,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KMX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in CarMax by 3.1% in the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares during the period. Empowered Funds LLC grew its holdings in CarMax by 12.5% in the first quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after purchasing an additional 585 shares during the period. Intech Investment Management LLC increased its position in shares of CarMax by 61.7% in the first quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after buying an additional 7,307 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of CarMax in the first quarter valued at approximately $727,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Wedbush decreased their target price on CarMax from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $30.00 to $28.00 and set an “underweight” rating for the company in a research report on Friday, December 19th. Truist Financial lifted their target price on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research report on Friday, January 9th. Finally, Benchmark reaffirmed a “hold” rating on shares of CarMax in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $39.93.

CarMax Stock Performance

NYSE:KMX opened at $46.46 on Tuesday. The company has a market cap of $6.59 billion, a P/E ratio of 15.33, a P/E/G ratio of 1.13 and a beta of 1.35. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $89.47. The company’s 50-day moving average price is $42.81 and its 200-day moving average price is $47.03. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 18th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company had revenue of $5.79 billion during the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. CarMax’s quarterly revenue was down 6.9% on a year-over-year basis. On average, sell-side analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.