Pathstone Family Office LLC Acquires 6,879 Shares of CarMax, Inc (NYSE:KMX)
Pathstone Family Office LLC boosted its holdings in CarMax, Inc (NYSE:KMX) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 167,325 shares of the company’s stock after acquiring an additional 6,879 shares during the period. CarMax accounts for 1.7% of Pathstone Family Office LLC’s holdings, making the stock its 13th biggest position. Pathstone Family Office LLC owned about 0.10% of CarMax worth $14,529,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Akre Capital Management LLC raised its stake in CarMax by 5.2% in the 1st quarter. Akre Capital Management LLC now owns 6,077,981 shares of the company’s stock valued at $424,243,000 after acquiring an additional 300,800 shares during the period. Geode Capital Management LLC grew its holdings in CarMax by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 2,190,864 shares of the company’s stock valued at $137,181,000 after buying an additional 140,198 shares in the last quarter. Wells Fargo & Company MN grew its holdings in CarMax by 61.2% in the 2nd quarter. Wells Fargo & Company MN now owns 1,493,476 shares of the company’s stock valued at $129,679,000 after buying an additional 566,892 shares in the last quarter. Holocene Advisors LP acquired a new position in CarMax in the 2nd quarter valued at $128,466,000. Finally, Giverny Capital Inc. grew its holdings in CarMax by 2.6% in the 2nd quarter. Giverny Capital Inc. now owns 1,220,105 shares of the company’s stock valued at $105,942,000 after buying an additional 31,307 shares in the last quarter.
A number of brokerages have commented on KMX. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Monday, June 10th. Northcoast Research lowered CarMax from a “buy” rating to a “neutral” rating and set a $86.50 price objective on the stock. in a report on Friday, June 28th. Guggenheim upped their price objective on CarMax from $87.00 to $95.00 and gave the company an “outperform” rating in a report on Monday, June 24th. They noted that the move was a valuation call. Royal Bank of Canada upped their price objective on CarMax from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. Finally, Buckingham Research lowered CarMax from a “buy” rating to a “neutral” rating and upped their price objective for the company from $81.00 to $94.00 in a report on Monday, June 24th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $94.12.
Shares of KMX traded down $2.49 during trading hours on Monday, hitting $84.26. 1,015,492 shares of the company were exchanged, compared to its average volume of 1,219,490. The company has a market cap of $14.33 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 1.31 and a beta of 1.20. CarMax, Inc has a fifty-two week low of $55.24 and a fifty-two week high of $92.01. The company has a quick ratio of 0.49, a current ratio of 2.21 and a debt-to-equity ratio of 4.20. The firm’s fifty day moving average is $85.05 and its 200 day moving average is $78.12.
CarMax (NYSE:KMX) last released its earnings results on Friday, June 21st. The company reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.10. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.17 billion. CarMax had a return on equity of 25.37% and a net margin of 4.64%. CarMax’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. Analysts anticipate that CarMax, Inc will post 5.25 EPS for the current year.
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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