Centaurus Financial Inc. Boosts Stake in CarMax, Inc. (NYSE:KMX)

Centaurus Financial Inc. increased its position in shares of CarMax, Inc. (NYSE:KMX) by 10.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,547 shares of the company’s stock after buying an additional 686 shares during the quarter. Centaurus Financial Inc.’s holdings in CarMax were worth $584,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors 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 second quarter worth about $29,000. Quarry LP grew its stake in shares of CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of CarMax in the third quarter valued at approximately $32,000. Blue Trust Inc. raised its stake 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 purchasing an additional 287 shares during the last quarter. Finally, Studio Investment Management LLC lifted its holdings in shares of CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of CarMax in a report on Wednesday, October 16th. Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. Finally, Evercore ISI increased their target price on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, October 17th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, CarMax currently has an average rating of “Hold” and a consensus target price of $79.73.

CarMax Stock Performance

NYSE KMX opened at $85.09 on Wednesday. The business has a 50 day moving average price of $75.36 and a 200 day moving average price of $75.92. The company has a market capitalization of $13.18 billion, a P/E ratio of 31.99, a PEG ratio of 1.66 and a beta of 1.68. CarMax, Inc. has a 1-year low of $62.90 and a 1-year high of $88.22. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the business earned $0.75 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts expect that CarMax, Inc. will post 2.99 EPS 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.