CarMax, Inc. $KMX Shares Sold by Andra AP fonden

Andra AP fonden lowered its stake in CarMax, Inc. (NYSE:KMX) by 10.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,213 shares of the company’s stock after selling 2,971 shares during the quarter. Andra AP fonden’s holdings in CarMax were worth $1,762,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KMX. Teacher Retirement System of Texas purchased a new stake in shares of CarMax in the first quarter valued at $1,753,000. CWM LLC lifted its stake in shares of CarMax by 6.7% during the first quarter. CWM LLC now owns 40,177 shares of the company’s stock valued at $3,131,000 after buying an additional 2,516 shares during the period. Edgestream Partners L.P. acquired a new stake in CarMax during the first quarter worth approximately $8,822,000. Graybill Wealth Management LTD. purchased a new stake in CarMax in the 1st quarter worth approximately $2,574,000. Finally, Banyan Capital Management Inc. raised its holdings in CarMax by 1.3% in the 1st quarter. Banyan Capital Management Inc. now owns 132,349 shares of the company’s stock valued at $10,313,000 after acquiring an additional 1,710 shares during the last quarter.

CarMax Stock Up 4.6%

NYSE:KMX opened at $32.31 on Friday. The firm has a market capitalization of $4.74 billion, a PE ratio of 9.48, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26. CarMax, Inc. has a 52 week low of $30.26 and a 52 week 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 stock has a 50 day moving average of $49.17 and a 200-day moving average of $58.62.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, September 25th. The company reported $0.64 EPS 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 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 earned $0.85 earnings per share. CarMax’s quarterly revenue was down 6.0% compared to the same quarter last year. Analysts predict that CarMax, Inc. will post 3.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BNP Paribas Exane dropped their price objective on shares of CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Tuesday, October 14th. Stephens lowered CarMax from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $53.00 to $42.00 in a research note on Tuesday, October 7th. Wedbush reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of CarMax in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $34.00 target price (down previously from $59.00) on shares of CarMax in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eleven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $45.58.

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.