CarMax, Inc. (NYSE:KMX) Position Lowered by Natixis Advisors LLC

Natixis Advisors LLC decreased its stake in shares of CarMax, Inc. (NYSE:KMX) by 38.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 345,224 shares of the company’s stock after selling 218,384 shares during the period. Natixis Advisors LLC owned about 0.22% of CarMax worth $26,713,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co lifted its position in shares of CarMax by 29.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock worth $14,573,000 after purchasing an additional 37,660 shares during the last quarter. Swedbank AB bought a new position in CarMax in the first quarter worth about $1,406,000. CWM LLC lifted its holdings in CarMax by 69.6% in the second quarter. CWM LLC now owns 17,776 shares of the company’s stock worth $1,304,000 after acquiring an additional 7,294 shares during the last quarter. AMF Tjanstepension AB bought a new position in CarMax in the second quarter worth about $7,736,000. Finally, Eagle Rock Investment Company LLC bought a new position in CarMax in the third quarter worth about $747,000.

CarMax Price Performance

NYSE KMX opened at $77.10 on Tuesday. CarMax, Inc. has a 12 month low of $62.90 and a 12 month 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. The firm has a market capitalization of $11.94 billion, a PE ratio of 28.98, a P/E/G ratio of 1.59 and a beta of 1.68. The company’s 50 day simple moving average is $75.11 and its 200 day simple moving average is $75.56.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS 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 company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the business earned $0.75 EPS. CarMax’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

KMX has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their target price on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Evercore ISI raised their target price on shares of CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. Truist Financial raised their target price on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Finally, StockNews.com upgraded shares of CarMax to a “sell” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $79.73.

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.