Creative Planning Has $1.74 Million Stock Holdings in CarMax, Inc. $KMX

Creative Planning increased its stake in CarMax, Inc. (NYSE:KMX) by 45.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,879 shares of the company’s stock after acquiring an additional 8,032 shares during the quarter. Creative Planning’s holdings in CarMax were worth $1,739,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KMX. Zions Bancorporation National Association UT bought a new position in CarMax during the 1st quarter worth approximately $27,000. Accent Capital Management LLC acquired a new stake in shares of CarMax during the first quarter worth $34,000. Strengthening Families & Communities LLC raised its stake in CarMax by 93.1% during the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after buying an additional 256 shares during the last quarter. Quarry LP lifted its holdings in CarMax by 50.5% in the first quarter. Quarry LP now owns 694 shares of the company’s stock valued at $54,000 after buying an additional 233 shares during the period. Finally, Blue Trust Inc. lifted its holdings in CarMax by 25.8% in the second quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock valued at $76,000 after buying an additional 232 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Robert W. Baird lowered their price objective on CarMax from $90.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $30.00 price target (down from $50.00) on shares of CarMax in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research report on Tuesday, October 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $35.00 price objective (down previously from $56.00) on shares of CarMax in a research note on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, CarMax has a consensus rating of “Reduce” and an average price target of $41.54.

CarMax Trading Up 1.9%

Shares of CarMax stock opened at $38.23 on Thursday. The stock has a market capitalization of $5.61 billion, a PE ratio of 11.21, 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 stock has a 50 day moving average price of $42.47 and a two-hundred day moving average price of $55.79. 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 (NYSE:KMX) last issued its earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (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 firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the business earned $0.85 earnings per share. CarMax’s revenue for the quarter was down 6.0% on a year-over-year basis. As a group, equities analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

CarMax 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.