CarMax, Inc. $KMX Shares Acquired by PARK CIRCLE Co

PARK CIRCLE Co increased its stake in shares of CarMax, Inc. (NYSE:KMX) by 350.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,750 shares of the company’s stock after acquiring an additional 5,250 shares during the period. PARK CIRCLE Co’s holdings in CarMax were worth $454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Avior Wealth Management LLC increased its holdings in CarMax by 6,129.3% in the second quarter. Avior Wealth Management LLC now owns 9,344 shares of the company’s stock valued at $628,000 after buying an additional 9,194 shares in the last quarter. Gagnon Securities LLC boosted its position 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 purchasing an additional 6,067 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in CarMax by 13.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,678 shares of the company’s stock valued at $1,571,000 after purchasing an additional 2,375 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of CarMax in the first quarter valued at approximately $1,753,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of CarMax by 5.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company’s stock worth $262,000 after buying an additional 176 shares during the period.

Analyst Upgrades and Downgrades

KMX has been the subject of several recent analyst reports. Stephens lowered shares of CarMax from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $53.00 to $42.00 in a report on Tuesday. Oppenheimer reissued a “market perform” rating on shares of CarMax in a research note on Friday, September 26th. Robert W. Baird lowered their price objective on CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. BNP Paribas Exane cut their price objective on CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Finally, Mizuho decreased their target price on CarMax from $80.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, July 3rd. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $54.42.

CarMax Stock Down 1.2%

Shares of KMX opened at $44.34 on Thursday. CarMax, Inc. has a 52-week low of $42.75 and a 52-week high of $91.25. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. The stock has a fifty day simple moving average of $56.16 and a two-hundred day simple moving average of $63.41. The company has a market capitalization of $6.51 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 0.84 and a beta of 1.27.

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

About CarMax

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.