Allspring Global Investments Holdings LLC Has $480,000 Stock Holdings in CarMax, Inc. $KMX

Allspring Global Investments Holdings LLC lessened its position in CarMax, Inc. (NYSE:KMX) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,828 shares of the company’s stock after selling 315 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CarMax were worth $480,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new position in shares of CarMax during the 1st quarter worth approximately $27,000. Accent Capital Management LLC acquired a new position in shares of CarMax during the 1st quarter worth approximately $34,000. Strengthening Families & Communities LLC increased its holdings in shares of CarMax by 93.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after acquiring an additional 256 shares during the last quarter. Quarry LP increased its holdings in shares of CarMax by 50.5% during the 1st quarter. Quarry LP now owns 694 shares of the company’s stock worth $54,000 after acquiring an additional 233 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in CarMax by 49.2% in the 1st quarter. Blue Trust Inc. now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 296 shares during the period.

CarMax Stock Performance

NYSE:KMX opened at $44.26 on Friday. The stock has a fifty day moving average price of $53.11 and a 200-day moving average price of $60.72. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.82 and a beta of 1.27. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 2.46. CarMax, Inc. has a fifty-two week low of $42.34 and a fifty-two week high of $91.25.

CarMax (NYSE:KMX) last released its 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 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 the consensus estimate of $7.07 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank Of Canada reduced their price target on CarMax from $81.00 to $59.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Robert W. Baird reduced their price target 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 reduced their price target on CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Benchmark reduced their price target on CarMax from $75.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, October 7th. Finally, Zacks Research downgraded CarMax from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $51.75.

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.