Jefferies Financial Group Inc. Has $1.29 Million Stock Position in CarMax, Inc. $KMX

Jefferies Financial Group Inc. reduced its position in CarMax, Inc. (NYSE:KMX) by 29.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,311 shares of the company’s stock after selling 13,668 shares during the period. Jefferies Financial Group Inc.’s holdings in CarMax were worth $1,287,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in CarMax by 33.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock valued at $165,358,000 after purchasing an additional 918,553 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in CarMax by 73.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after purchasing an additional 1,494,205 shares during the last quarter. Invesco Ltd. lifted its stake in CarMax by 14.2% in the 3rd quarter. Invesco Ltd. now owns 3,425,737 shares of the company’s stock valued at $153,713,000 after purchasing an additional 426,809 shares during the last quarter. Turtle Creek Asset Management Inc. lifted its stake in CarMax by 0.6% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 2,707,477 shares of the company’s stock valued at $121,484,000 after purchasing an additional 16,627 shares during the last quarter. Finally, Vulcan Value Partners LLC lifted its position in CarMax by 135.2% during the third quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock worth $104,569,000 after acquiring an additional 1,338,134 shares during the last quarter.

Wall Street Analysts Forecast Growth

KMX has been the subject of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research report on Wednesday, April 8th. Argus upgraded shares of CarMax to a “hold” rating in a research report on Thursday, April 16th. Evercore set a $45.00 price objective on shares of CarMax in a research report on Friday, April 10th. Royal Bank Of Canada restated a “sector perform” rating and set a $41.00 price objective on shares of CarMax in a research report on Wednesday, April 15th. Finally, Bank of America initiated coverage on shares of CarMax in a research report on Wednesday, April 15th. They set an “underperform” rating and a $40.00 price objective for the company. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, CarMax presently has a consensus rating of “Reduce” and a consensus price target of $41.27.

CarMax Stock Up 3.7%

NYSE KMX opened at $43.83 on Friday. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $71.99. The company has a 50 day moving average of $40.59 and a 200-day moving average of $41.17. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 1.60 and a beta of 1.19.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. On average, equities research analysts expect that CarMax, Inc. will post 2.3 earnings per share for the current fiscal year.

About CarMax

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.