True Wealth Design LLC Has $34,000 Stock Holdings in CarMax, Inc. (NYSE:KMX)

True Wealth Design LLC lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 4,844.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 445 shares of the company’s stock after buying an additional 436 shares during the quarter. True Wealth Design LLC’s holdings in CarMax were worth $34,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KMX. First Community Trust NA bought a new position in CarMax during the second quarter worth about $29,000. Quarry LP grew its position in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of CarMax during the third quarter worth approximately $32,000. Blue Trust Inc. increased its holdings in shares of CarMax by 134.1% during the second 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 raised 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 valued at $38,000 after buying an additional 334 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KMX. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Friday, October 4th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, four have given 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 an average price target of $79.73.

CarMax Price Performance

KMX stock opened at $83.97 on Monday. CarMax, Inc. has a 1 year low of $62.90 and a 1 year high of $88.22. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 31.57, a P/E/G ratio of 1.71 and a beta of 1.68. The company has a 50 day simple moving average of $75.93 and a 200 day simple moving average of $76.20.

CarMax (NYSE:KMX) last announced its quarterly earnings results 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 return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the company posted $0.75 earnings per share. The firm’s quarterly revenue was down .9% on a year-over-year basis. Research analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

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.