CarMax, Inc. (NYSE:KMX) Shares Sold by Commerce Bank

Commerce Bank trimmed its holdings in CarMax, Inc. (NYSE:KMX) by 3.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,958 shares of the company’s stock after selling 150 shares during the period. Commerce Bank’s holdings in CarMax were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. First Pacific Advisors LP grew its stake in CarMax by 2.0% in the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock valued at $175,005,000 after acquiring an additional 47,184 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in CarMax by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after acquiring an additional 51,397 shares during the last quarter. Vulcan Value Partners LLC grew its stake in CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after acquiring an additional 1,369,986 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in CarMax by 21.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock valued at $121,479,000 after acquiring an additional 288,165 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted 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.

CarMax Trading Down 0.6 %

NYSE KMX opened at $84.56 on Thursday. CarMax, Inc. has a one year low of $62.90 and a one year high of $88.22. The company’s 50 day moving average price is $75.48 and its 200 day moving average price is $76.01. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 31.69, a PEG ratio of 1.73 and a beta of 1.68.

CarMax (NYSE:KMX) last posted its quarterly 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). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, sell-side analysts predict that CarMax, Inc. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on KMX. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 target price on shares of CarMax in a report on Wednesday, October 16th. Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Evercore ISI upped their target price on shares of CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, October 17th. Finally, Oppenheimer restated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, CarMax presently has an average rating of “Hold” and an average price target of $79.73.

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.