Mutual of America Capital Management LLC Sells 429 Shares of CarMax, Inc. $KMX

Mutual of America Capital Management LLC trimmed its holdings in CarMax, Inc. (NYSE:KMX) by 2.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,469 shares of the company’s stock after selling 429 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CarMax were worth $1,174,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMX. Fuller & Thaler Asset Management Inc. lifted 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 valued at $70,364,000 after acquiring an additional 778,652 shares during the last quarter. Nuveen LLC bought a new stake in CarMax during the 1st quarter valued at $33,872,000. Philadelphia Financial Management of San Francisco LLC bought a new stake in CarMax during the 1st quarter valued at $16,370,000. Wellington Management Group LLP raised its holdings in 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 buying an additional 207,665 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in CarMax by 7.1% during the 1st quarter. Baird Financial Group Inc. now owns 3,093,632 shares of the company’s stock valued at $241,056,000 after buying an additional 206,106 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on KMX shares. Benchmark lowered their price target on shares of CarMax from $75.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Evercore ISI reiterated an “in-line” rating and set a $52.00 price target (down from $80.00) on shares of CarMax in a report on Friday, September 26th. Wedbush reiterated a “neutral” rating and set a $54.00 price target on shares of CarMax in a report on Thursday, October 16th. Oppenheimer reiterated a “market perform” rating on shares of CarMax in a report on Friday, September 26th. Finally, Zacks Research downgraded shares of CarMax from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, CarMax has a consensus rating of “Hold” and a consensus price target of $51.75.

CarMax Stock Up 2.7%

NYSE:KMX opened at $44.26 on Monday. The firm’s 50-day moving average price is $53.11 and its 200-day moving average price is $60.50. The company has a market capitalization of $6.50 billion, a PE ratio of 12.98, a P/E/G ratio of 0.84 and a beta of 1.27. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.46 and a quick ratio of 1.06. CarMax, Inc. has a 1-year low of $42.34 and a 1-year 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). The business had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CarMax had a return on equity of 8.51% and a net margin of 1.98%.The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. On average, 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.