Chevy Chase Trust Holdings LLC Sells 1,595 Shares of CarMax, Inc. (NYSE:KMX)

Chevy Chase Trust Holdings LLC decreased its holdings in CarMax, Inc. (NYSE:KMX) by 1.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,348 shares of the company’s stock after selling 1,595 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in CarMax were worth $6,527,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First Pacific Advisors LP increased its stake in CarMax by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock worth $175,005,000 after buying an additional 47,184 shares during the period. Dimensional Fund Advisors LP increased its position in shares of CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after acquiring an additional 51,397 shares during the period. Vulcan Value Partners LLC raised its stake in shares of CarMax by 299.7% during the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after acquiring an additional 1,369,986 shares in the last quarter. FMR LLC boosted its holdings in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after purchasing an additional 1,713,379 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in CarMax by 21.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock worth $121,479,000 after purchasing an additional 288,165 shares in the last quarter.

Analyst Ratings Changes

KMX has been the subject of a number of research analyst reports. 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. Truist Financial lifted their price objective on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a report on Monday, September 23rd. Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a report on Wednesday, October 16th. Finally, BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, CarMax has a consensus rating of “Hold” and a consensus price target of $81.00.

CarMax Stock Performance

Shares of KMX stock opened at $84.58 on Friday. CarMax, Inc. has a 12-month low of $65.38 and a 12-month high of $88.22. The business’s fifty day simple moving average is $76.40 and its 200-day simple moving average is $76.42. 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 company has a market cap of $13.10 billion, a PE ratio of 31.80, a PEG ratio of 1.71 and a beta of 1.71.

CarMax (NYSE:KMX) last announced 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 net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. Analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

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.