Keystone Financial Services Raises Stock Holdings in CarMax, Inc. (NYSE:KMX)

Keystone Financial Services boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 7.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 11,891 shares of the company’s stock after acquiring an additional 860 shares during the quarter. CarMax comprises about 0.4% of Keystone Financial Services’ portfolio, making the stock its 29th largest position. Keystone Financial Services’ holdings in CarMax were worth $920,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. First Community Trust NA acquired a new stake in shares of CarMax in the second quarter worth $29,000. Quarry LP grew its position in 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 during the period. Catalyst Capital Advisors LLC purchased a new position in shares of CarMax during the 3rd quarter valued at about $32,000. Blue Trust Inc. lifted 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 buying an additional 287 shares during the period. Finally, Studio Investment Management LLC boosted its stake 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 buying an additional 334 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KMX shares. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. JPMorgan Chase & Co. increased their price target on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Evercore ISI lifted their price objective on shares of CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax currently has an average rating of “Hold” and an average target price of $79.73.

CarMax Stock Up 1.6 %

KMX opened at $76.78 on Tuesday. The company has a market cap of $11.89 billion, a PE ratio of 28.86, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. CarMax, Inc. has a twelve month low of $62.45 and a twelve month high of $88.22. The company has a 50-day moving average price of $75.47 and a 200 day moving average price of $75.24. 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 (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. Sell-side analysts expect that CarMax, Inc. will post 2.99 earnings per share 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.