Y Intercept Hong Kong Ltd Acquires New Shares in CarMax, Inc. $KMX

Y Intercept Hong Kong Ltd bought a new position in CarMax, Inc. (NYSE:KMX) in the second quarter, Holdings Channel.com reports. The institutional investor bought 85,676 shares of the company’s stock, valued at approximately $5,758,000.

A number of other large investors have also added to or reduced their stakes in KMX. Fuller & Thaler Asset Management Inc. increased its holdings in shares of CarMax by 626.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 903,024 shares of the company’s stock valued at $70,364,000 after acquiring an additional 778,652 shares in the last quarter. Nuveen LLC acquired a new position in shares of CarMax during the first quarter valued at about $33,872,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of CarMax during the first quarter valued at about $16,370,000. Wellington Management Group LLP increased its holdings in shares of CarMax by 34.2% during the first quarter. Wellington Management Group LLP now owns 815,461 shares of the company’s stock valued at $63,541,000 after acquiring an additional 207,665 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of CarMax by 7.1% during the first quarter. Baird Financial Group Inc. now owns 3,093,632 shares of the company’s stock valued at $241,056,000 after acquiring an additional 206,106 shares in the last quarter.

Wall Street Analysts Forecast Growth

KMX has been the topic of several recent analyst reports. BNP Paribas Exane cut their price objective on shares of CarMax from $52.00 to $35.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Mizuho dropped their target price on CarMax from $78.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, October 16th. Zacks Research lowered CarMax from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Robert W. Baird dropped their target price on CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, JPMorgan Chase & Co. dropped their target price on CarMax from $65.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, CarMax presently has an average rating of “Hold” and a consensus price target of $51.75.

CarMax Trading Up 1.8%

CarMax stock opened at $45.06 on Tuesday. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a 12 month low of $42.34 and a 12 month high of $91.25. The stock’s 50 day simple moving average is $52.84 and its two-hundred day simple moving average is $60.25. The firm has a market cap of $6.62 billion, a PE ratio of 13.21, a P/E/G ratio of 0.84 and a beta of 1.27.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, September 25th. The company reported $0.64 EPS 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 analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the company posted $0.85 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current 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.