Blair William & Co. IL Has $26.34 Million Stake in CarMax, Inc. $KMX

Blair William & Co. IL reduced its stake in CarMax, Inc. (NYSE:KMX) by 14.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 391,921 shares of the company’s stock after selling 64,149 shares during the quarter. Blair William & Co. IL’s holdings in CarMax were worth $26,341,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Allegiance Financial Group Advisory Services LLC acquired a new position in CarMax in the 2nd quarter valued at $256,000. Beaumont Asset Management L.L.C. bought a new position in shares of CarMax in the second quarter worth $520,000. PARK CIRCLE Co raised its stake in CarMax by 350.0% in the second quarter. PARK CIRCLE Co now owns 6,750 shares of the company’s stock valued at $454,000 after purchasing an additional 5,250 shares in the last quarter. H&H Retirement Design & Management INC lifted its position in CarMax by 3.4% during the second quarter. H&H Retirement Design & Management INC now owns 6,836 shares of the company’s stock worth $420,000 after purchasing an additional 225 shares during the period. Finally, Gagnon Securities LLC grew its stake in CarMax by 3.9% during the second quarter. Gagnon Securities LLC now owns 163,417 shares of the company’s stock worth $10,983,000 after buying an additional 6,067 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KMX shares. Truist Financial dropped their target price on shares of CarMax from $74.00 to $47.00 and set a “hold” rating for the company in a research report on Friday, September 26th. JPMorgan Chase & Co. decreased their price objective on shares of CarMax from $65.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, September 26th. Robert W. Baird lowered their price objective on shares of CarMax from $90.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Stephens downgraded CarMax from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $53.00 to $42.00 in a report on Tuesday. Finally, Needham & Company LLC decreased their price target on CarMax from $92.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average target price of $54.42.

CarMax Price Performance

Shares of NYSE:KMX opened at $44.04 on Friday. CarMax, Inc. has a one year low of $42.75 and a one year high of $91.25. 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 has a market cap of $6.47 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.83 and a beta of 1.27. The firm has a 50 day simple moving average of $55.91 and a 200 day simple moving average of $63.21.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (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 for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Research analysts predict that CarMax, Inc. will post 3.23 earnings per share 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.