Candriam S.C.A. Grows Stake in CarMax, Inc. $KMX

Candriam S.C.A. grew its holdings in shares of CarMax, Inc. (NYSE:KMX) by 1,916.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 494,079 shares of the company’s stock after purchasing an additional 469,573 shares during the period. Candriam S.C.A. owned approximately 0.34% of CarMax worth $22,169,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in CarMax in the second quarter valued at about $208,144,000. AQR Capital Management LLC increased its holdings in shares of CarMax by 195.3% during the second quarter. AQR Capital Management LLC now owns 4,457,340 shares of the company’s stock valued at $298,107,000 after acquiring an additional 2,947,996 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of CarMax by 1,410.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,028,718 shares of the company’s stock valued at $136,350,000 after acquiring an additional 1,894,408 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of CarMax by 795.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,846,406 shares of the company’s stock valued at $124,097,000 after purchasing an additional 1,640,219 shares during the last quarter. Finally, Azora Capital LP acquired a new stake in CarMax in the 2nd quarter worth approximately $45,793,000.

CarMax Price Performance

NYSE:KMX opened at $46.46 on Tuesday. The firm’s fifty day moving average is $42.81 and its two-hundred day moving average is $47.03. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 15.33, a PEG ratio of 1.13 and a beta of 1.35. 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, Inc. has a one year low of $30.26 and a one year high of $89.47.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.11. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The business had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. Research analysts expect that CarMax, Inc. will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

KMX has been the topic of a number of recent analyst reports. William Blair lowered shares of CarMax from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 6th. Bank of America upped their target price on CarMax from $27.00 to $31.00 and gave the company an “underperform” rating in a research report on Friday, December 19th. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research note on Friday, January 9th. Wedbush lowered their price target on CarMax from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Finally, JPMorgan Chase & Co. cut their price objective on CarMax from $30.00 to $28.00 and set an “underweight” rating on the stock in a report on Friday, December 19th. One investment 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $39.93.

CarMax Company 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.