CarMax, Inc. (NYSE:KMX) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 51.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,256 shares of the company’s stock after selling 18,996 shares during the period. Orion Portfolio Solutions LLC’s holdings in CarMax were worth $1,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMX. Baker Tilly Wealth Management LLC lifted its position in CarMax by 4.6% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock worth $217,000 after acquiring an additional 130 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CarMax by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after purchasing an additional 142 shares during the period. Allegheny Financial Group LTD lifted its holdings in shares of CarMax by 4.1% during the second quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock worth $264,000 after purchasing an additional 143 shares during the period. Sompo Asset Management Co. Ltd. grew its position in CarMax by 1.6% in the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock valued at $820,000 after buying an additional 170 shares during the last quarter. Finally, Signaturefd LLC increased its stake in CarMax by 12.5% in the 3rd quarter. Signaturefd LLC now owns 1,545 shares of the company’s stock valued at $120,000 after buying an additional 172 shares during the period.

CarMax Stock Performance

CarMax stock opened at $86.26 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $88.22. The stock has a fifty day moving average of $77.81 and a two-hundred day moving average of $77.14. The company has a market capitalization 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 (NYSE:KMX) last announced 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). 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 analyst estimates of $6.83 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, analysts anticipate that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KMX shares. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Evercore ISI lifted their price objective on CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a report on Tuesday, December 3rd. Truist Financial increased their target price on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Finally, BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average 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.