Czech National Bank Takes $1.22 Million Position in CarMax, Inc. (NYSE:KMX)

Czech National Bank bought a new stake in shares of CarMax, Inc. (NYSE:KMXGet Rating) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,497 shares of the company’s stock, valued at approximately $1,221,000.

Other hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in shares of CarMax by 1.8% during the second quarter. Global Retirement Partners LLC now owns 8,012 shares of the company’s stock valued at $725,000 after buying an additional 145 shares during the last quarter. Alpha Omega Wealth Management LLC boosted its holdings in shares of CarMax by 2.8% in the third quarter. Alpha Omega Wealth Management LLC now owns 53,784 shares of the company’s stock valued at $3,551,000 after purchasing an additional 1,460 shares during the period. Triad Investment Management boosted its holdings in shares of CarMax by 34.8% in the third quarter. Triad Investment Management now owns 31,948 shares of the company’s stock valued at $2,109,000 after purchasing an additional 8,256 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of CarMax by 13.7% in the second quarter. Wedge Capital Management L L P NC now owns 425,557 shares of the company’s stock valued at $38,504,000 after purchasing an additional 51,431 shares during the period. Finally, Biglari Sardar boosted its holdings in shares of CarMax by 130.4% in the second quarter. Biglari Sardar now owns 44,700 shares of the company’s stock valued at $4,044,000 after purchasing an additional 25,300 shares during the period.

CarMax Stock Performance

Shares of KMX opened at $65.00 on Friday. CarMax, Inc. has a 12 month low of $52.10 and a 12 month high of $116.75. The stock has a fifty day moving average price of $65.26 and a 200-day moving average price of $77.16. The company has a current ratio of 2.57, a quick ratio of 0.81 and a debt-to-equity ratio of 3.21. The firm has a market cap of $10.27 billion, a PE ratio of 18.21, a P/E/G ratio of 2.88 and a beta of 1.44.

CarMax (NYSE:KMXGet Rating) last released its earnings results on Thursday, December 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.50). CarMax had a net margin of 1.82% and a return on equity of 10.69%. The firm had revenue of $6.51 billion during the quarter, compared to analyst estimates of $7.18 billion. During the same period in the previous year, the company earned $1.63 earnings per share. CarMax’s revenue was down 23.7% on a year-over-year basis. Equities research analysts predict that CarMax, Inc. will post 2.84 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, December 9th. Morgan Stanley lowered their price target on CarMax from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, December 28th. Evercore ISI lowered their target price on CarMax from $63.00 to $60.00 and set an “in-line” rating for the company in a report on Friday, December 23rd. Stephens lowered their target price on CarMax from $64.00 to $53.00 in a report on Friday, December 23rd. Finally, JPMorgan Chase & Co. lowered CarMax from a “neutral” rating to an “underweight” rating and set a $60.00 target price for the company. in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, CarMax currently has an average rating of “Hold” and an average target price of $69.40.

CarMax Profile

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CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through 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, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

See Also

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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