Farther Finance Advisors LLC Boosts Holdings in CarMax, Inc. $KMX

Farther Finance Advisors LLC lifted its stake in CarMax, Inc. (NYSE:KMX) by 22.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,939 shares of the company’s stock after purchasing an additional 542 shares during the quarter. Farther Finance Advisors LLC’s holdings in CarMax were worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. increased its position in shares of CarMax by 626.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 903,024 shares of the company’s stock valued at $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% during the 1st quarter. GAMMA Investing LLC now owns 515,830 shares of the company’s stock valued at $40,193,000 after purchasing an additional 509,952 shares during the last quarter. Nuveen LLC purchased a new stake in shares of CarMax during the 1st quarter valued at about $33,872,000. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of CarMax during the 1st quarter valued at approximately $16,370,000. Finally, Wellington Management Group LLP grew its stake in shares of CarMax by 34.2% during the 1st quarter. Wellington Management Group LLP now owns 815,461 shares of the company’s stock valued at $63,541,000 after acquiring an additional 207,665 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KMX shares. JPMorgan Chase & Co. cut their price objective on CarMax from $65.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, September 26th. Robert W. Baird cut their price objective on CarMax from $90.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. BNP Paribas Exane cut their price objective on CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Oppenheimer reiterated a “market perform” rating on shares of CarMax in a research note on Friday, September 26th. Finally, Seaport Res Ptn downgraded CarMax from a “strong-buy” rating to a “hold” rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $60.31.

CarMax Stock Up 2.6%

NYSE KMX opened at $46.02 on Thursday. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 2.46. The company has a market capitalization of $6.76 billion, a P/E ratio of 13.49, a P/E/G ratio of 0.83 and a beta of 1.27. CarMax, Inc. has a one year low of $42.75 and a one year high of $91.25. The stock has a 50 day moving average price of $57.56 and a 200-day moving average price of $64.29.

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

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.