CarMax, Inc. $KMX Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN trimmed its position in shares of CarMax, Inc. (NYSE:KMX) by 17.7% in the fourth quarter, HoldingsChannel reports. The firm owned 158,600 shares of the company’s stock after selling 34,088 shares during the period. OLD National Bancorp IN’s holdings in CarMax were worth $6,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares during the period. Blue Trust Inc. boosted its stake in CarMax by 20.0% during the 4th quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock valued at $55,000 after purchasing an additional 237 shares during the period. Resonant Capital Advisors LLC boosted its stake in CarMax by 4.2% during the 3rd quarter. Resonant Capital Advisors LLC now owns 6,388 shares of the company’s stock valued at $287,000 after purchasing an additional 256 shares during the period. Finally, Ossiam boosted its stake in CarMax by 19.5% during the 2nd quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after purchasing an additional 280 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on KMX. Royal Bank Of Canada reissued a “sector perform” rating and set a $41.00 target price on shares of CarMax in a research note on Wednesday, April 15th. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. Robert W. Baird boosted their target price on shares of CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Evercore set a $45.00 target price on shares of CarMax in a research note on Friday, April 10th. Finally, Argus raised shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, CarMax presently has a consensus rating of “Reduce” and a consensus target price of $41.21.

CarMax Trading Down 2.6%

Shares of NYSE:KMX opened at $38.54 on Friday. The company has a 50 day moving average of $42.22 and a 200-day moving average of $41.75. The firm has a market cap of $5.47 billion, a P/E ratio of 24.09, a P/E/G ratio of 1.42 and a beta of 1.30. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $71.99. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $5.95 billion during the quarter, compared to analyst estimates of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.58 EPS. As a group, analysts anticipate that CarMax, Inc. will post 2.42 earnings per share for the current fiscal year.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.