Campbell & CO Investment Adviser LLC Has $238,000 Stock Holdings in CarMax, Inc. $KMX

Campbell & CO Investment Adviser LLC decreased its holdings in CarMax, Inc. (NYSE:KMX) by 86.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,315 shares of the company’s stock after selling 34,839 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in CarMax were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wilmington Savings Fund Society FSB raised its stake in CarMax by 50.4% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 6,940 shares of the company’s stock valued at $311,000 after acquiring an additional 2,327 shares during the period. Blalock Williams LLC bought a new position in shares of CarMax in the third quarter valued at about $321,000. MGO One Seven LLC raised its position in shares of CarMax by 19.2% in the third quarter. MGO One Seven LLC now owns 10,629 shares of the company’s stock valued at $477,000 after purchasing an additional 1,711 shares during the period. Nexus Investment Management ULC lifted its stake in shares of CarMax by 18.8% during the 3rd quarter. Nexus Investment Management ULC now owns 448,710 shares of the company’s stock worth $20,134,000 after buying an additional 71,065 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of CarMax during the 3rd quarter worth about $461,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on KMX shares. Wall Street Zen downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Bank of America lifted their price target on CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a report on Friday, December 19th. Seaport Research Partners lowered CarMax from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 28th. Needham & Company LLC reiterated a “hold” rating on shares of CarMax in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, CarMax currently has an average rating of “Reduce” and a consensus target price of $39.64.

CarMax Trading Down 3.3%

Shares of KMX opened at $46.24 on Friday. 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 52-week low of $30.26 and a 52-week high of $89.47. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.11 and a beta of 1.29. The business’s fifty day moving average is $40.61 and its 200-day moving average is $48.50.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 18th. The company reported $0.43 earnings per share 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 firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.81 EPS. Equities analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

CarMax 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.