Blair William & Co. IL Sells 82,324 Shares of CarMax, Inc. $KMX

Blair William & Co. IL lowered its position in shares of CarMax, Inc. (NYSE:KMX) by 21.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,597 shares of the company’s stock after selling 82,324 shares during the period. Blair William & Co. IL’s holdings in CarMax were worth $13,892,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CYBER HORNET ETFs LLC bought a new position in CarMax during the 2nd quarter worth about $28,000. MUFG Securities EMEA plc bought a new stake in shares of CarMax in the 2nd quarter valued at about $30,000. Center for Financial Planning Inc. purchased a new stake in shares of CarMax in the 3rd quarter worth approximately $31,000. Strengthening Families & Communities LLC lifted its position in shares of CarMax by 220.0% in the 3rd quarter. Strengthening Families & Communities LLC now owns 880 shares of the company’s stock worth $39,000 after purchasing an additional 605 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of CarMax by 121.1% during the third quarter. Smartleaf Asset Management LLC now owns 984 shares of the company’s stock valued at $45,000 after purchasing an additional 539 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMX shares. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Sunday, February 22nd. Bank of America upped their target price on CarMax from $27.00 to $31.00 and gave the stock an “underperform” rating in a report on Friday, December 19th. Robert W. Baird lifted their price target on CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, February 18th. Evercore set a $42.00 price target on CarMax in a research report on Tuesday, February 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, CarMax has an average rating of “Reduce” and an average target price of $39.21.

CarMax Trading Up 0.5%

NYSE KMX opened at $42.27 on Monday. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $82.79. The company has a 50 day moving average price of $44.10 and a 200 day moving average price of $45.10. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. The firm has a market cap of $5.99 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company had revenue of $5.79 billion during the quarter, compared to the consensus estimate of $5.66 billion. During the same period last year, the firm earned $0.81 earnings per share. CarMax’s revenue was down 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast 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.