Intech Investment Management LLC Reduces Holdings in CarMax, Inc. (NYSE:KMX)

Intech Investment Management LLC reduced its stake in shares of CarMax, Inc. (NYSE:KMX) by 45.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,418 shares of the company’s stock after selling 2,792 shares during the period. Intech Investment Management LLC’s holdings in CarMax were worth $264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. First Community Trust NA acquired a new stake in shares of CarMax during the 2nd quarter worth about $29,000. Quarry LP raised its holdings in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after acquiring an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of CarMax during the 3rd quarter worth $32,000. Blue Trust Inc. boosted its holdings in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares during the last quarter. Finally, Studio Investment Management LLC grew its position in shares of CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares during the period.

CarMax Stock Up 1.1 %

Shares of NYSE KMX opened at $84.58 on Friday. The stock has a fifty day moving average price of $76.40 and a 200 day moving average price of $76.42. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 12-month low of $65.38 and a 12-month high of $88.22. The company has a market cap of $13.10 billion, a P/E ratio of 31.80, a P/E/G ratio of 1.71 and a beta of 1.71.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 earnings per share. Research analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Stephens assumed coverage on shares of CarMax in a report on Thursday. They set an “equal weight” rating and a $86.00 price objective on the stock. Truist Financial raised their target price on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Finally, BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, CarMax has an average rating of “Hold” and an average price target of $81.00.

CarMax Company Profile

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.