Hantz Financial Services Inc. Has $7.90 Million Stake in CarMax, Inc. $KMX

Hantz Financial Services Inc. trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,967 shares of the company’s stock after selling 15,860 shares during the period. Hantz Financial Services Inc. owned 0.12% of CarMax worth $7,896,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KMX. CYBER HORNET ETFs LLC acquired a new position in shares of CarMax in the 2nd quarter valued at $28,000. MUFG Securities EMEA plc bought a new stake in CarMax in the second quarter valued at about $30,000. Strengthening Families & Communities LLC increased its holdings in CarMax by 220.0% in the third quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock valued at $39,000 after purchasing an additional 605 shares during the last quarter. ST Germain D J Co. Inc. lifted its stake in CarMax by 88.5% in the third quarter. ST Germain D J Co. Inc. now owns 1,331 shares of the company’s stock valued at $60,000 after buying an additional 625 shares during the period. Finally, Mather Group LLC. bought a new position in CarMax during the third quarter worth about $61,000.

CarMax Stock Performance

Shares of NYSE KMX opened at $47.23 on Thursday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99. The stock has a 50 day moving average price of $42.32 and a 200 day moving average price of $47.47. The stock has a market capitalization of $6.70 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.08 and a beta of 1.35. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $89.47.

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

Wall Street Analyst Weigh In

KMX has been the topic of several recent analyst reports. Benchmark reissued a “hold” rating on shares of CarMax in a research note on Tuesday, December 16th. Wedbush reduced their price target on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. Needham & Company LLC reissued a “hold” rating on shares of CarMax in a report on Friday, November 7th. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Stephens reduced their target price on CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, December 19th. One equities research 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 issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average 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.