CarMax, Inc. (NYSE:KMX) Stake Increased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 0.8% during the third quarter, HoldingsChannel reports. The fund owned 1,510,325 shares of the company’s stock after acquiring an additional 11,865 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CarMax were worth $116,869,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of CarMax by 2,883.1% in the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after purchasing an additional 1,713,379 shares in the last quarter. Vulcan Value Partners LLC raised its stake in CarMax by 299.7% during the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after buying an additional 1,369,986 shares in the last quarter. Marshall Wace LLP lifted its holdings in CarMax by 87.6% during the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock worth $85,118,000 after buying an additional 541,967 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CarMax by 41.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after acquiring an additional 436,342 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of CarMax by 212.8% in the 2nd quarter. AQR Capital Management LLC now owns 488,836 shares of the company’s stock valued at $35,851,000 after acquiring an additional 332,574 shares during the last quarter.

CarMax Stock Down 0.7 %

Shares of CarMax stock opened at $83.97 on Monday. 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, Inc. has a 1-year low of $62.90 and a 1-year high of $88.22. The business’s fifty day moving average price is $75.93 and its two-hundred day moving average price is $76.20. The company has a market capitalization of $13.01 billion, a P/E ratio of 31.57, a PEG ratio of 1.71 and a beta of 1.68.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) 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 the consensus estimate of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI raised their price objective on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research note on Thursday, October 17th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Wedbush reiterated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Finally, Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.73.

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.