New York Life Investment Management LLC Sells 21,966 Shares of CarMax, Inc. $KMX

New York Life Investment Management LLC decreased its stake in CarMax, Inc. (NYSE:KMX) by 62.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,150 shares of the company’s stock after selling 21,966 shares during the period. New York Life Investment Management LLC’s holdings in CarMax were worth $508,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in KMX. CYBER HORNET ETFs LLC bought a new stake in CarMax in the second quarter worth about $28,000. MUFG Securities EMEA plc bought a new stake in CarMax in the second quarter worth about $30,000. Center for Financial Planning Inc. bought a new stake in CarMax in the third quarter worth about $31,000. Advisory Services Network LLC bought a new stake in CarMax in the third quarter worth about $32,000. Finally, True Wealth Design LLC raised its position in CarMax by 54.3% in the fourth quarter. True Wealth Design LLC now owns 907 shares of the company’s stock worth $35,000 after acquiring an additional 319 shares during the period.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KMX. Barclays reduced their target price on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a research note on Thursday, April 16th. Stephens lifted their target price on shares of CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 2nd. Bank of America began coverage on shares of CarMax in a research note on Wednesday, April 15th. They issued an “underperform” rating and a $40.00 target price for the company. Wall Street Zen downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Finally, Evercore set a $45.00 target price on shares of CarMax in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $41.21.

CarMax Price Performance

KMX opened at $37.41 on Thursday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.37 and a beta of 1.19. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. The firm has a 50-day moving average price of $40.69 and a 200-day moving average price of $41.04. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $71.99.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.22 by $0.12. The company had revenue of $5.95 billion during 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%. CarMax’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.58 earnings per share. Equities analysts expect that CarMax, Inc. will post 2.3 EPS for the current 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.