Mount Yale Investment Advisors LLC Lowers Stock Holdings in CarMax, Inc. (NYSE:KMX)

Mount Yale Investment Advisors LLC lessened its stake in shares of CarMax, Inc. (NYSE:KMX) by 23.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,036 shares of the company’s stock after selling 4,015 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in CarMax were worth $1,009,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. First Pacific Advisors LP raised its position in CarMax by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock worth $175,005,000 after buying an additional 47,184 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after acquiring an additional 51,397 shares during the period. Vulcan Value Partners LLC raised its holdings in CarMax by 299.7% during the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after purchasing an additional 1,369,986 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in CarMax by 21.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock valued at $121,479,000 after purchasing an additional 288,165 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. boosted its holdings in CarMax by 11.2% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,343,290 shares of the company’s stock valued at $98,517,000 after purchasing an additional 134,987 shares in the last quarter.

Analyst Ratings Changes

KMX has been the subject of a number of analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 target price on shares of CarMax in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Truist Financial upped their price target on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Finally, StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.73.

CarMax Stock Down 0.8 %

KMX stock opened at $72.00 on Friday. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The company’s 50 day simple moving average is $77.47 and its 200-day simple moving average is $74.94. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The firm has a market capitalization of $11.15 billion, a PE ratio of 27.07, a P/E/G ratio of 1.45 and a beta of 1.68.

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

CarMax 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.