Atlanta Consulting Group Advisors LLC Acquires New Stake in CarMax, Inc. (NYSE:KMX)

Atlanta Consulting Group Advisors LLC acquired a new stake in CarMax, Inc. (NYSE:KMX) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,868 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc raised its stake in CarMax by 7.5% in the 3rd quarter. CIBC Asset Management Inc now owns 22,840 shares of the company’s stock valued at $1,767,000 after purchasing an additional 1,589 shares during the last quarter. Parametrica Management Ltd acquired a new position in CarMax in the 3rd quarter valued at $212,000. MQS Management LLC acquired a new position in CarMax in the 3rd quarter valued at $204,000. Victory Capital Management Inc. raised its stake in CarMax by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 52,929 shares of the company’s stock valued at $4,096,000 after purchasing an additional 923 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after purchasing an additional 10,898 shares during the last quarter.

CarMax Stock Performance

NYSE KMX opened at $78.03 on Monday. The stock has a market cap of $12.09 billion, a PE ratio of 29.33, a P/E/G ratio of 1.59 and a beta of 1.68. 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 twelve month low of $62.76 and a twelve month high of $88.22. The stock has a fifty day simple moving average of $75.18 and a 200-day simple moving average of $75.50.

CarMax (NYSE:KMX) last posted its 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 firm had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the previous year, the company posted $0.75 EPS. CarMax’s revenue was down .9% on a year-over-year basis. Equities analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on KMX shares. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, July 26th. Evercore ISI upped their target price on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, October 17th. Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Truist Financial upped their target price on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Finally, Oppenheimer restated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.