CarMax, Inc. (NYSE:KMX) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in CarMax, Inc. (NYSE:KMX) by 38.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 345,224 shares of the company’s stock after selling 218,384 shares during the quarter. Natixis Advisors LLC’s holdings in CarMax were worth $26,713,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Community Trust NA acquired a new position in CarMax in the second quarter worth approximately $29,000. Quarry LP boosted its stake in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new position in CarMax in the 3rd quarter worth approximately $32,000. Blue Trust Inc. boosted its stake in CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the period. Finally, Studio Investment Management LLC boosted its stake in CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares during the period.

CarMax Stock Down 1.2 %

KMX stock opened at $77.10 on Tuesday. 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, Inc. has a 1 year low of $62.90 and a 1 year high of $88.22. The company has a fifty day simple moving average of $75.11 and a 200 day simple moving average of $75.56. The firm has a market cap of $11.94 billion, a PE ratio of 28.98, a PEG ratio of 1.59 and a beta of 1.68.

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 the consensus estimate 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 analyst estimates of $6.83 billion. During the same period in the previous year, the firm posted $0.75 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Sell-side analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

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