&Partners Acquires New Stake in CarMax, Inc. (NYSE:KMX)

&Partners acquired a new stake in CarMax, Inc. (NYSE:KMX) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,530 shares of the company’s stock, valued at approximately $224,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KMX. Allworth Financial LP raised its holdings in shares of CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after buying an additional 207 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after buying an additional 400 shares during the period. Mendota Financial Group LLC purchased a new stake in shares of CarMax in the 4th quarter valued at $37,000. MCF Advisors LLC acquired a new position in CarMax during the 4th quarter worth $46,000. Finally, Lindbrook Capital LLC grew its stake in CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after purchasing an additional 155 shares in the last quarter.

Analyst Ratings Changes

Several research analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and set a $83.00 target price on shares of CarMax in a research note on Monday, April 8th. Evercore ISI lowered their target price on CarMax from $73.00 to $68.00 and set an “in-line” rating for the company in a research note on Thursday. Needham & Company LLC lowered their target price on CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Morgan Stanley reissued an “overweight” rating and set a $80.00 target price on shares of CarMax in a research note on Friday. Finally, Bank of America boosted their target price on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research note on Thursday, February 29th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $76.17.

CarMax Trading Up 0.4 %

NYSE:KMX opened at $71.63 on Monday. The stock has a 50-day simple moving average of $70.25 and a 200-day simple moving average of $73.88. The stock has a market cap of $11.27 billion, a P/E ratio of 23.64, a P/E/G ratio of 1.40 and a beta of 1.69. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26.

CarMax (NYSE:KMX) last announced its earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.16 EPS. As a group, analysts anticipate that CarMax, Inc. will post 3.06 earnings per share for the current fiscal year.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.66% of the company’s stock.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.