Quantbot Technologies LP Sells 14,910 Shares of CarMax, Inc. $KMX

Quantbot Technologies LP decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 59.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,198 shares of the company’s stock after selling 14,910 shares during the quarter. Quantbot Technologies LP’s holdings in CarMax were worth $458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of KMX. AQR Capital Management LLC boosted its stake in CarMax by 195.3% in 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 during the last quarter. Baird Financial Group Inc. raised its position in shares of CarMax by 6.6% during the 2nd quarter. Baird Financial Group Inc. now owns 3,298,113 shares of the company’s stock valued at $221,666,000 after acquiring an additional 204,481 shares during the last quarter. Norges Bank acquired a new position in shares of CarMax in the 2nd quarter valued at $208,144,000. Invesco Ltd. lifted its stake in shares of CarMax by 4.7% in the 2nd quarter. Invesco Ltd. now owns 2,998,928 shares of the company’s stock valued at $201,558,000 after purchasing an additional 135,334 shares during the period. Finally, Vulcan Value Partners LLC boosted its position in shares of CarMax by 135.2% in the 3rd quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock worth $104,569,000 after purchasing an additional 1,338,134 shares during the last quarter.

CarMax Stock Performance

Shares of CarMax stock opened at $42.46 on Tuesday. The stock’s fifty day simple moving average is $44.16 and its 200 day simple moving average is $44.99. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. The company has a market capitalization of $6.02 billion, a PE ratio of 14.01, a PEG ratio of 0.99 and a beta of 1.35. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $82.79.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.12. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The firm had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.66 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. The company’s revenue was down 6.9% on a year-over-year basis. On average, research analysts predict that CarMax, Inc. will post 3.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KMX. Wedbush dropped their price objective on CarMax from $40.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Robert W. Baird raised their target price on CarMax from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Barclays boosted their target price on CarMax from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 21st. Evercore set a $42.00 price target on CarMax in a research note on Tuesday, February 10th. Finally, Truist Financial increased their price target on shares of CarMax from $35.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $39.21.

About CarMax

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.