CarMax, Inc. $KMX Shares Bought by Greenup Street Wealth Management LLC

Greenup Street Wealth Management LLC raised its holdings in CarMax, Inc. (NYSE:KMX) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,488 shares of the company’s stock after purchasing an additional 631 shares during the quarter. Greenup Street Wealth Management LLC’s holdings in CarMax were worth $2,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. Zions Bancorporation National Association UT purchased a new stake in CarMax in the first quarter valued at $27,000. Accent Capital Management LLC purchased a new stake in CarMax in the first quarter valued at $34,000. Strengthening Families & Communities LLC raised its position in CarMax by 93.1% in the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock valued at $39,000 after purchasing an additional 256 shares during the period. Quarry LP raised its position in CarMax by 50.5% in the first quarter. Quarry LP now owns 694 shares of the company’s stock valued at $54,000 after purchasing an additional 233 shares during the period. Finally, Blue Trust Inc. raised its position in CarMax by 49.2% in the first quarter. Blue Trust Inc. now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 296 shares during the period.

CarMax Price Performance

KMX stock opened at $43.07 on Tuesday. The business’s fifty day moving average price is $54.21 and its 200 day moving average price is $61.36. 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 company has a market capitalization of $6.32 billion, a PE ratio of 12.63, a P/E/G ratio of 0.82 and a beta of 1.27.

CarMax (NYSE:KMX) last issued its quarterly 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 for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the company earned $0.85 EPS. CarMax’s revenue for the quarter was down 6.0% compared to the same quarter last year. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on KMX. 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 research report on Tuesday, October 7th. Royal Bank Of Canada reduced 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. Benchmark cut their price objective on CarMax from $75.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, October 7th. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Seaport Res Ptn downgraded CarMax from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 28th. One investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.75.

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.