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

Savant Capital LLC decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 63.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,161 shares of the company’s stock after selling 37,525 shares during the quarter. Savant Capital LLC’s holdings in CarMax were worth $949,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of CarMax during the 2nd quarter worth approximately $208,144,000. AQR Capital Management LLC raised its stake in CarMax by 195.3% during the 2nd quarter. AQR Capital Management LLC now owns 4,457,340 shares of the company’s stock worth $298,107,000 after acquiring an additional 2,947,996 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in CarMax by 1,410.5% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,028,718 shares of the company’s stock worth $136,350,000 after acquiring an additional 1,894,408 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in CarMax by 795.5% in the second quarter. The Manufacturers Life Insurance Company now owns 1,846,406 shares of the company’s stock valued at $124,097,000 after acquiring an additional 1,640,219 shares during the last quarter. Finally, Azora Capital LP acquired a new position in CarMax in the second quarter valued at $45,793,000.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of research analyst reports. Morgan Stanley set a $35.00 target price on CarMax in a research report on Monday, December 8th. William Blair downgraded CarMax from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 6th. Stephens reduced their price objective on CarMax from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Finally, Evercore raised their target price on shares of CarMax from $38.00 to $40.00 and gave the stock an “in-line” rating in a research report on Tuesday, February 3rd. One equities research 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’s stock. According to MarketBeat.com, CarMax presently has an average rating of “Reduce” and an average target price of $40.07.

CarMax Stock Down 1.2%

CarMax stock opened at $45.90 on Wednesday. The stock’s 50 day moving average price is $42.95 and its 200 day moving average price is $46.93. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $89.47. The company has a market cap of $6.51 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.11 and a beta of 1.35. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.11. The firm had revenue of $5.79 billion during the quarter, compared to analysts’ expectations of $5.66 billion. CarMax had a return on equity of 7.72% and a net margin of 1.77%.CarMax’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.81 earnings per share. On average, sell-side analysts predict that CarMax, Inc. will post 3.23 EPS 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.