Centaurus Financial Inc. Grows Stock Position in CarMax, Inc. (NYSE:KMX)

Centaurus Financial Inc. boosted its holdings in CarMax, Inc. (NYSE:KMX) by 10.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,547 shares of the company’s stock after acquiring an additional 686 shares during the period. Centaurus Financial Inc.’s holdings in CarMax were worth $584,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. First Community Trust NA purchased a new position in shares of CarMax during the 2nd quarter worth approximately $29,000. Quarry LP raised its position in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new position in CarMax during the third quarter worth $32,000. Blue Trust Inc. boosted its position 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 buying an additional 287 shares during the period. Finally, Studio Investment Management LLC grew 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 valued at $38,000 after buying an additional 334 shares in the last quarter.

CarMax Stock Down 0.1 %

CarMax stock opened at $85.09 on Wednesday. The stock has a market cap of $13.18 billion, a PE ratio of 31.99, a P/E/G ratio of 1.66 and a beta of 1.68. 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’s fifty day moving average is $75.36 and its two-hundred day moving average is $75.92. CarMax, Inc. has a 1-year low of $62.90 and a 1-year high of $88.22.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. On average, sell-side analysts expect that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wedbush restated an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. upped their price objective on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average target price 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.