CarMax, Inc. $KMX Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its holdings in CarMax, Inc. (NYSE:KMX) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,331 shares of the company’s stock after selling 318 shares during the period. Public Employees Retirement System of Ohio’s holdings in CarMax were worth $3,181,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KMX. Fuller & Thaler Asset Management Inc. grew its stake in shares of CarMax by 626.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 903,024 shares of the company’s stock worth $70,364,000 after purchasing an additional 778,652 shares during the last quarter. GAMMA Investing LLC increased its position in shares of CarMax by 8,675.6% in the first quarter. GAMMA Investing LLC now owns 515,830 shares of the company’s stock worth $40,193,000 after acquiring an additional 509,952 shares in the last quarter. Nuveen LLC purchased a new position in shares of CarMax in the first quarter worth approximately $33,872,000. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of CarMax in the first quarter worth approximately $16,370,000. Finally, Wellington Management Group LLP increased its position in shares of CarMax by 34.2% in the first quarter. Wellington Management Group LLP now owns 815,461 shares of the company’s stock worth $63,541,000 after acquiring an additional 207,665 shares in the last quarter.

CarMax Price Performance

NYSE KMX opened at $46.02 on Thursday. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. The stock has a market capitalization of $6.76 billion, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.83 and a beta of 1.27. The company has a 50 day moving average price of $57.56 and a two-hundred day moving average price of $64.29. CarMax, Inc. has a 12-month low of $42.75 and a 12-month high of $91.25.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). The business had revenue of $6.59 billion during the quarter, compared to analyst estimates of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. CarMax’s revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. As a group, equities analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KMX. Morgan Stanley dropped their target price on shares of CarMax from $80.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday. Seaport Res Ptn downgraded shares of CarMax from a “strong-buy” rating to a “hold” rating in a research report on Sunday. Robert W. Baird dropped their target price on shares of CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Needham & Company LLC dropped their target price on shares of CarMax from $92.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, September 26th. Finally, Wedbush downgraded shares of CarMax from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $84.00 to $54.00 in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.31.

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.