Toronto Dominion Bank Has $4.30 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Toronto Dominion Bank raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 21.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,628 shares of the company’s stock after buying an additional 9,855 shares during the period. Toronto Dominion Bank’s holdings in CarMax were worth $4,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of KMX. Neo Ivy Capital Management purchased a new stake in shares of CarMax during the third quarter worth $3,934,000. Coldstream Capital Management Inc. purchased a new stake in shares of CarMax during the 3rd quarter worth about $208,000. Geode Capital Management LLC lifted its holdings in shares of CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after buying an additional 14,903 shares during the last quarter. Vestcor Inc grew its stake in shares of CarMax by 54.9% in the 3rd quarter. Vestcor Inc now owns 3,332 shares of the company’s stock valued at $258,000 after buying an additional 1,181 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in CarMax by 15.6% in the third quarter. Continuum Advisory LLC now owns 3,535 shares of the company’s stock worth $276,000 after buying an additional 476 shares during the last quarter.

CarMax Price Performance

Shares of NYSE:KMX opened at $86.26 on Friday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The business has a 50 day moving average price of $77.81 and a 200 day moving average price of $77.20. The company has a market cap of $13.36 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 1.76 and a beta of 1.71. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data 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 company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s revenue was down .9% on a year-over-year basis. Research analysts predict that CarMax, Inc. will post 3.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KMX has been the subject of a number of analyst reports. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 target price on shares of CarMax in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, December 5th. Finally, Stephens started coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, CarMax has a consensus rating of “Hold” and a consensus price target of $81.00.

CarMax 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.