CarMax, Inc. $KMX Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its position in shares of CarMax, Inc. (NYSE:KMX) by 1,410.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,028,718 shares of the company’s stock after purchasing an additional 1,894,408 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.35% of CarMax worth $136,350,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KMX. Zions Bancorporation National Association UT acquired a new stake in CarMax during the 1st quarter valued at $27,000. Strengthening Families & Communities LLC grew its stake in shares of CarMax by 93.1% during the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock valued at $39,000 after acquiring an additional 256 shares in the last quarter. Quarry LP increased its position in shares of CarMax by 50.5% during the first 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. Blue Trust Inc. lifted its stake in shares of CarMax by 25.8% in the second quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock worth $76,000 after acquiring an additional 232 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of CarMax by 77.4% in the first quarter. Smartleaf Asset Management LLC now owns 1,290 shares of the company’s stock worth $98,000 after acquiring an additional 563 shares in the last quarter.

CarMax Trading Up 0.4%

NYSE KMX opened at $38.72 on Wednesday. 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 one year low of $30.26 and a one year high of $91.25. The company has a 50-day simple moving average of $40.86 and a 200-day simple moving average of $54.87. The firm has a market capitalization of $5.69 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 0.81 and a beta of 1.29.

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 business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the prior year, the business earned $0.85 EPS. The business’s revenue was down 6.0% on a year-over-year basis. On average, equities analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

KMX has been the topic of several analyst reports. BNP Paribas Exane dropped their price objective on CarMax from $52.00 to $35.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Truist Financial dropped their price target on shares of CarMax from $47.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 7th. William Blair cut shares of CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, November 6th. Royal Bank Of Canada reissued a “sector perform” rating and set a $34.00 price objective (down from $59.00) on shares of CarMax in a report on Friday, November 7th. Finally, Benchmark downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $41.54.

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.