Signaturefd LLC Reduces Stock Holdings in CarMax, Inc. $KMX

Signaturefd LLC lowered its stake in shares of CarMax, Inc. (NYSE:KMX) by 23.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,139 shares of the company’s stock after selling 354 shares during the quarter. Signaturefd LLC’s holdings in CarMax were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Redmond Asset Management LLC raised its stake in CarMax by 0.3% during the 1st quarter. Redmond Asset Management LLC now owns 50,803 shares of the company’s stock worth $3,959,000 after acquiring an additional 152 shares in the last quarter. Maia Wealth LLC grew its holdings in shares of CarMax by 0.6% during the first quarter. Maia Wealth LLC now owns 26,099 shares of the company’s stock worth $2,034,000 after purchasing an additional 157 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in shares of CarMax by 5.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company’s stock valued at $262,000 after purchasing an additional 176 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMX. Robert W. Baird cut their price target on CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Zacks Research cut CarMax from a “hold” rating to a “strong sell” rating in a research report on Thursday. Weiss Ratings reissued a “sell (d+)” rating on shares of CarMax in a report on Saturday, September 27th. Needham & Company LLC cut their price target on CarMax from $92.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, September 26th. Finally, Morgan Stanley lowered their price objective on shares of CarMax from $80.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 1st. 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 three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.58.

CarMax Trading Up 0.8%

Shares of KMX opened at $46.42 on Monday. The firm’s 50-day moving average is $56.99 and its two-hundred day moving average is $63.84. CarMax, Inc. has a twelve month low of $42.75 and a twelve month high of $91.25. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87. The firm has a market capitalization of $6.82 billion, a P/E ratio of 13.61, a PEG ratio of 0.87 and a beta of 1.27.

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 analysts’ consensus estimates of $1.03 by ($0.39). CarMax had a return on equity of 8.51% and a net margin of 1.98%.The firm had revenue of $6.59 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The business’s revenue was down 6.0% on a year-over-year basis. On average, research analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

CarMax Company 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.