3,802 Shares in CarMax, Inc. $KMX Purchased by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC purchased a new position in CarMax, Inc. (NYSE:KMX) during the second quarter, Holdings Channel.com reports. The firm purchased 3,802 shares of the company’s stock, valued at approximately $256,000.

A number of other institutional investors have also recently bought and sold shares of KMX. Zions Bancorporation National Association UT purchased a new position in CarMax during the 1st quarter valued at about $27,000. Accent Capital Management LLC purchased a new position in CarMax during the 1st quarter valued at about $34,000. Strengthening Families & Communities LLC grew its stake in CarMax by 93.1% during the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock valued at $39,000 after acquiring an additional 256 shares in the last quarter. Quarry LP grew its stake in CarMax by 50.5% during the 1st quarter. Quarry LP now owns 694 shares of the company’s stock valued at $54,000 after acquiring an additional 233 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in CarMax by 49.2% during the 1st quarter. Blue Trust Inc. now owns 898 shares of the company’s stock valued at $70,000 after acquiring an additional 296 shares in the last quarter.

CarMax Stock Down 1.2%

KMX opened at $44.34 on Thursday. The business has a 50 day moving average price of $56.16 and a 200 day moving average price of $63.41. CarMax, Inc. has a twelve month low of $42.75 and a twelve month high of $91.25. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 2.46. The firm has a market cap of $6.51 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.27.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 25th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.39). CarMax had a return on equity of 8.51% and a net margin of 1.98%.The company had revenue of $6.59 billion during the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Wall Street Analysts Forecast Growth

KMX has been the topic of several research analyst reports. Needham & Company LLC lowered their target price on CarMax from $92.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. Wall Street Zen cut CarMax from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Stephens cut CarMax from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $53.00 to $42.00 in a research note on Tuesday. Zacks Research cut CarMax from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CarMax in a research note on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $54.42.

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.