CarMax, Inc. $KMX Shares Sold by Savant Capital LLC

Savant Capital LLC cut its stake in shares of CarMax, Inc. (NYSE:KMX) by 63.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,161 shares of the company’s stock after selling 37,525 shares during the period. Savant Capital LLC’s holdings in CarMax were worth $949,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp increased its holdings in CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $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 first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after buying an additional 173 shares during the period. WCM Investment Management LLC grew its stake in shares of 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 buying an additional 197 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of CarMax by 1.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,924 shares of the company’s stock valued at $734,000 after buying 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 valued at $2,081,000 after buying an additional 206 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on KMX shares. Wedbush lowered their target price on CarMax from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Evercore ISI set a $42.00 price target on shares of CarMax in a research report on Tuesday. Stephens lowered their price objective on shares of CarMax from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. Needham & Company LLC restated a “hold” rating on shares of CarMax in a report on Friday, November 7th. Finally, Morgan Stanley set a $35.00 target price on shares of CarMax in a report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, CarMax presently has a consensus rating of “Reduce” and an average target price of $40.07.

CarMax Stock Down 1.2%

Shares of NYSE:KMX opened at $45.90 on Wednesday. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $89.47. The firm’s 50 day moving average price is $42.95 and its 200 day moving average price is $46.93. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35.

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

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.