Connor Clark & Lunn Investment Management Ltd. Has $38.78 Million Holdings in CarMax, Inc. (NYSE:KMX)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of CarMax, Inc. (NYSE:KMX) by 5.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 501,169 shares of the company’s stock after selling 26,755 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.32% of CarMax worth $38,780,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC bought a new position in shares of CarMax during the first quarter valued at $333,000. UniSuper Management Pty Ltd grew its stake in CarMax by 526.6% during the first quarter. UniSuper Management Pty Ltd now owns 13,084 shares of the company’s stock worth $1,140,000 after buying an additional 10,996 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings 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 buying an additional 37,660 shares in the last quarter. Pitcairn Co. acquired a new stake in shares of CarMax during the first quarter worth approximately $208,000. Finally, Epoch Investment Partners Inc. raised its stake in shares of CarMax by 3,094.0% in the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock valued at $51,949,000 after acquiring an additional 577,685 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMX. Evercore ISI increased their price target on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, October 17th. Royal Bank of Canada restated an “outperform” rating and set a $82.00 target price on shares of CarMax in a report on Wednesday, October 16th. Truist Financial lifted their price target on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a report on Monday, September 23rd. StockNews.com raised shares of CarMax to a “sell” rating in a report on Friday, July 26th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average price target of $79.73.

CarMax Stock Performance

Shares of CarMax stock opened at $75.29 on Wednesday. CarMax, Inc. has a 52 week low of $62.90 and a 52 week high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The stock has a market capitalization of $11.66 billion, a price-to-earnings ratio of 28.30, a PEG ratio of 1.59 and a beta of 1.68. The firm has a fifty day moving average of $75.07 and a two-hundred day moving average of $75.61.

CarMax (NYSE:KMX) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the company earned $0.75 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. As a group, equities research analysts predict that CarMax, Inc. will post 2.99 EPS for the current year.

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.