CarMax, Inc. $KMX Stake Boosted by Entropy Technologies LP

Entropy Technologies LP lifted its stake in shares of CarMax, Inc. (NYSE:KMX) by 560.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,454 shares of the company’s stock after purchasing an additional 52,144 shares during the quarter. Entropy Technologies LP’s holdings in CarMax were worth $4,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Auxano Advisors LLC increased its position in CarMax by 31.4% in the second quarter. Auxano Advisors LLC now owns 14,148 shares of the company’s stock worth $951,000 after buying an additional 3,381 shares during the period. Catalyst Funds Management Pty Ltd bought a new position in shares of CarMax during the second quarter worth about $1,187,000. TD Waterhouse Canada Inc. grew its position in shares of CarMax by 21,808.0% during the second quarter. TD Waterhouse Canada Inc. now owns 5,477 shares of the company’s stock worth $385,000 after acquiring an additional 5,452 shares during the last quarter. ProVise Management Group LLC increased its holdings in shares of CarMax by 5.8% in the 2nd quarter. ProVise Management Group LLC now owns 99,227 shares of the company’s stock worth $6,669,000 after acquiring an additional 5,462 shares during the period. Finally, Intech Investment Management LLC lifted its position in CarMax by 96.9% in the 2nd quarter. Intech Investment Management LLC now owns 37,687 shares of the company’s stock valued at $2,533,000 after purchasing an additional 18,544 shares during the last quarter.

CarMax Price Performance

Shares of NYSE:KMX opened at $33.50 on Friday. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.81 and a beta of 1.26. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.46 and a quick ratio of 1.06. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $91.25. The stock’s 50 day moving average price is $44.33 and its 200 day moving average price is $56.69.

CarMax (NYSE:KMX) last issued 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 net margin of 1.98% and a return on equity of 8.51%. The firm had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter last year, the business posted $0.85 earnings per share. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on KMX. Mizuho decreased their target price on shares of CarMax from $78.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, October 16th. Zacks Research downgraded CarMax from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Wedbush reissued a “neutral” rating and issued a $40.00 price objective on shares of CarMax in a report on Tuesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $34.00 target price (down previously from $59.00) on shares of CarMax in a research note on Friday, November 7th. Finally, William Blair lowered CarMax from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $41.54.

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.