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

Toronto Dominion Bank lifted its position in CarMax, Inc. (NYSE:KMX) by 21.5% in the third quarter, HoldingsChannel.com reports. The firm owned 55,628 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMX. Envestnet Portfolio Solutions Inc. boosted its position in shares of CarMax by 3.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 21,367 shares of the company’s stock valued at $1,567,000 after acquiring an additional 629 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of CarMax by 292.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 28,539 shares of the company’s stock valued at $2,093,000 after purchasing an additional 21,267 shares during the period. Blue Trust Inc. lifted its position in shares of CarMax by 134.1% during the 2nd 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. Brookstone Capital Management boosted its stake in CarMax by 17.4% in the 2nd quarter. Brookstone Capital Management now owns 4,069 shares of the company’s stock valued at $298,000 after buying an additional 602 shares in the last quarter. Finally, Milestone Asset Management LLC bought a new stake in CarMax in the second quarter valued at $239,000.

Wall Street Analysts Forecast Growth

KMX has been the topic of several recent analyst reports. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Evercore ISI boosted their price target on shares of CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a research report on Tuesday, December 3rd. Truist Financial raised their price objective on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. JPMorgan Chase & Co. boosted their target price on CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a report on Thursday, December 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of CarMax in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $81.00.

CarMax Stock Down 0.6 %

Shares of NYSE KMX opened at $86.26 on Friday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $88.22. The firm’s 50-day moving average is $77.81 and its 200-day moving average is $77.20. 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 firm has a market capitalization of $13.36 billion, a PE ratio of 32.43, a price-to-earnings-growth ratio of 1.76 and a beta of 1.71.

CarMax (NYSE:KMX) last posted 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). The company had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. During the same period last year, the company earned $0.75 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts expect that CarMax, Inc. will post 3.01 EPS for the current 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.