CarMax, Inc. (NYSE:KMX) Shares Bought by Voisard Asset Management Group Inc.

Voisard Asset Management Group Inc. boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 43.5% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 1,980 shares of the company’s stock after acquiring an additional 600 shares during the quarter. Voisard Asset Management Group Inc.’s holdings in CarMax were worth $153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of CarMax by 29.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after buying an additional 37,660 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of CarMax by 10.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock valued at $16,238,000 after buying an additional 17,557 shares during the period. Van ECK Associates Corp lifted its holdings in shares of CarMax by 38.2% in the 1st quarter. Van ECK Associates Corp now owns 55,800 shares of the company’s stock valued at $4,861,000 after buying an additional 15,426 shares during the period. Swedbank AB acquired a new position in shares of CarMax in the 1st quarter valued at about $1,406,000. Finally, SG Americas Securities LLC lifted its holdings in shares of CarMax by 7.9% in the 1st quarter. SG Americas Securities LLC now owns 22,939 shares of the company’s stock valued at $1,998,000 after buying an additional 1,688 shares during the period.

CarMax Price Performance

NYSE:KMX opened at $74.09 on Thursday. CarMax, Inc. has a 12 month low of $59.77 and a 12 month high of $88.22. The stock has a 50 day moving average of $77.06 and a two-hundred day moving average of $74.88. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm has a market cap of $11.56 billion, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 1.45 and a beta of 1.68.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. On average, analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KMX. StockNews.com raised CarMax to a “sell” rating in a report on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target 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 report on Friday, October 4th. JPMorgan Chase & Co. upped their price target on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $79.73.

CarMax Company Profile

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.