Campbell & CO Investment Adviser LLC Sells 34,839 Shares of CarMax, Inc. $KMX

Campbell & CO Investment Adviser LLC lessened its stake in shares of CarMax, Inc. (NYSE:KMX) by 86.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,315 shares of the company’s stock after selling 34,839 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in CarMax were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMX. Jones Financial Companies Lllp grew its position in CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after acquiring an additional 173 shares in the last quarter. WCM Investment Management LLC increased its stake in CarMax by 0.5% in the second quarter. WCM Investment Management LLC now owns 38,991 shares of the company’s stock valued at $2,597,000 after acquiring an additional 197 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in CarMax by 1.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,924 shares of the company’s stock worth $734,000 after purchasing an additional 198 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of CarMax by 0.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 31,245 shares of the company’s stock worth $2,081,000 after buying an additional 206 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of CarMax from $27.00 to $31.00 and gave the company an “underperform” rating in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a report on Friday, January 9th. Seaport Research Partners cut shares of CarMax from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 28th. Stephens cut their target price on CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Friday, December 19th. Finally, Royal Bank Of Canada upped their target price on shares of CarMax from $34.00 to $37.00 and gave the company a “sector perform” rating in a research note on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $39.64.

CarMax Trading Down 3.3%

NYSE KMX opened at $46.24 on Friday. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $89.47. The stock’s 50 day moving average price is $40.61 and its two-hundred day moving average price is $48.50. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.11 and a beta of 1.29. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99.

CarMax (NYSE:KMX) last released its earnings results on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The business had revenue of $5.79 billion during the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The firm’s revenue for the quarter was down 6.9% compared to the same quarter last year. As a group, analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.