10,080 Shares in CarMax, Inc. $KMX Bought by Bayforest Capital Ltd

Bayforest Capital Ltd bought a new position in CarMax, Inc. (NYSE:KMX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,080 shares of the company’s stock, valued at approximately $677,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Equitable Trust Co. grew its position in CarMax by 52.3% during the 2nd quarter. Equitable Trust Co. now owns 12,009 shares of the company’s stock worth $807,000 after purchasing an additional 4,122 shares during the period. TD Asset Management Inc grew its position in CarMax by 6.7% during the 2nd quarter. TD Asset Management Inc now owns 44,142 shares of the company’s stock worth $2,967,000 after purchasing an additional 2,761 shares during the period. NorthRock Partners LLC acquired a new stake in CarMax during the 2nd quarter worth about $374,000. MGO One Seven LLC grew its position in CarMax by 5.5% during the 2nd quarter. MGO One Seven LLC now owns 8,918 shares of the company’s stock worth $599,000 after purchasing an additional 466 shares during the period. Finally, CWM LLC grew its position in CarMax by 170.8% during the 2nd quarter. CWM LLC now owns 108,803 shares of the company’s stock worth $7,313,000 after purchasing an additional 68,626 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KMX shares. Benchmark dropped their target price on CarMax from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Wall Street Zen cut CarMax from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Royal Bank Of Canada dropped their target price on CarMax from $81.00 to $59.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Morgan Stanley lowered their price objective on CarMax from $80.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday, October 1st. Finally, Seaport Res Ptn cut CarMax from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $54.42.

CarMax Trading Up 1.1%

KMX opened at $43.65 on Tuesday. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.46 and a quick ratio of 1.06. The company’s 50 day simple moving average is $55.43 and its two-hundred day simple moving average is $62.58. CarMax, Inc. has a 1-year low of $42.75 and a 1-year high of $91.25. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.82 and a beta of 1.27.

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

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.