Oddo BHF Asset Management Sas Makes New Investment in CarMax, Inc. (NYSE:KMX)

Oddo BHF Asset Management Sas bought a new stake in CarMax, Inc. (NYSE:KMX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,810 shares of the company’s stock, valued at approximately $2,229,000.

A number of other hedge funds also recently modified their holdings of KMX. Quarry LP raised its position in CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in CarMax during the 3rd quarter worth about $32,000. True Wealth Design LLC grew its stake in CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 436 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares during the period. Finally, Studio Investment Management LLC lifted its position in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares in the last quarter.

CarMax Trading Down 0.6 %

NYSE:KMX opened at $86.26 on Friday. The company’s 50 day moving average is $77.81 and its 200-day moving average is $77.14. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $88.22. The firm has a market cap of $13.36 billion, a price-to-earnings ratio of 32.43, a P/E/G ratio of 1.76 and a beta of 1.71.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business earned $0.75 EPS. The business’s revenue was down .9% compared to the same quarter last year. Equities analysts anticipate that CarMax, Inc. will post 3.01 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on KMX. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Truist Financial upped their price target 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. Evercore ISI increased their price objective on CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a report on Tuesday, December 3rd. BNP Paribas upgraded CarMax to a “strong sell” rating in a research note on Friday, September 27th. Finally, Stephens assumed coverage on CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, CarMax presently has an average rating of “Hold” and a consensus price target of $81.00.

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.