Maia Wealth LLC Has $1.63 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Maia Wealth LLC lifted its stake in shares of CarMax, Inc. (NYSE:KMX) by 26.9% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,461 shares of the company’s stock after purchasing an additional 4,761 shares during the quarter. Maia Wealth LLC’s holdings in CarMax were worth $1,630,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KMX. First Community Trust NA acquired a new stake in shares of CarMax during the second quarter valued at about $29,000. Quarry LP increased its holdings in CarMax by 78.6% in the second 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 acquired a new stake in CarMax in the third quarter valued at approximately $32,000. Blue Trust Inc. grew its stake in CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after acquiring an additional 287 shares during the period. Finally, Studio Investment Management LLC grew its stake in 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 acquiring an additional 334 shares during the period.

Analyst Ratings Changes

Several brokerages recently issued reports on KMX. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of CarMax in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, September 19th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Finally, StockNews.com raised CarMax to a “sell” rating in a research report on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $79.73.

CarMax Price Performance

NYSE KMX traded up $3.33 during trading on Wednesday, reaching $77.20. The company’s stock had a trading volume of 108,005 shares, compared to its average volume of 1,894,970. The firm has a fifty day moving average of $76.35 and a 200 day moving average of $75.00. CarMax, Inc. has a one year low of $61.73 and a one 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 capitalization of $11.96 billion, a PE ratio of 27.77, a P/E/G ratio of 1.47 and a beta of 1.68.

CarMax (NYSE:KMX) last posted 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). The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. Analysts expect 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.