25,460 Shares in CarMax, Inc. $KMX Bought by Burgundy Asset Management Ltd.

Burgundy Asset Management Ltd. acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,460 shares of the company’s stock, valued at approximately $1,711,000.

Several other hedge funds and other institutional investors have also made changes to their positions in KMX. Zions Bancorporation National Association UT purchased a new position in shares of CarMax during the 1st quarter worth about $27,000. Strengthening Families & Communities LLC lifted its stake in CarMax by 93.1% in the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after purchasing an additional 256 shares during the last quarter. Quarry LP boosted its position in shares of CarMax by 50.5% during the first quarter. Quarry LP now owns 694 shares of the company’s stock valued at $54,000 after buying an additional 233 shares during the period. Blue Trust Inc. grew its stake in shares of CarMax by 25.8% during the second quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock valued at $76,000 after buying an additional 232 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of CarMax by 77.4% during the first quarter. Smartleaf Asset Management LLC now owns 1,290 shares of the company’s stock valued at $98,000 after buying an additional 563 shares during the last quarter.

CarMax Stock Performance

NYSE:KMX opened at $38.81 on Friday. The company has a fifty day simple moving average of $40.24 and a two-hundred day simple moving average of $54.36. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 11.38, a price-to-earnings-growth ratio of 0.87 and a beta of 1.29. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $91.25.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.39). The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.07 billion. CarMax had a return on equity of 8.51% and a net margin of 1.98%.The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. As a group, equities analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Oppenheimer restated a “market perform” rating on shares of CarMax in a research note on Friday, September 26th. Barclays started coverage on shares of CarMax in a research note on Tuesday, November 11th. They set an “underweight” rating and a $28.00 price objective for the company. JPMorgan Chase & Co. restated an “underweight” rating and set a $30.00 price objective (down previously from $50.00) on shares of CarMax in a report on Thursday, November 6th. Finally, Seaport Res Ptn cut CarMax from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $41.54.

CarMax Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.