State of New Jersey Common Pension Fund D Sells 3,441 Shares of CarMax, Inc. (NYSE:KMX)

State of New Jersey Common Pension Fund D reduced its stake in shares of CarMax, Inc. (NYSE:KMX) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,625 shares of the company’s stock after selling 3,441 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CarMax were worth $4,459,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of KMX. Crossmark Global Holdings Inc. boosted its holdings in CarMax by 14.9% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 8,858 shares of the company’s stock valued at $685,000 after acquiring an additional 1,152 shares during the period. Tompkins Financial Corp purchased a new stake in shares of CarMax during the third quarter valued at approximately $77,000. Carmel Capital Partners LLC grew its holdings in shares of CarMax by 4.0% in the third quarter. Carmel Capital Partners LLC now owns 11,705 shares of the company’s stock worth $906,000 after purchasing an additional 446 shares during the last quarter. Klingman & Associates LLC increased its stake in shares of CarMax by 11.7% in the third quarter. Klingman & Associates LLC now owns 3,110 shares of the company’s stock worth $241,000 after buying an additional 325 shares during the period. Finally, Assetmark Inc. increased its stake in shares of CarMax by 9,900.0% in the third quarter. Assetmark Inc. now owns 1,400 shares of the company’s stock worth $108,000 after buying an additional 1,386 shares during the period.

CarMax Stock Performance

Shares of KMX stock opened at $76.69 on Wednesday. The company’s fifty day moving average price is $75.35 and its 200-day moving average price is $75.29. The stock has a market cap of $11.88 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.54 and a beta of 1.68. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 12 month low of $62.45 and a 12 month high of $88.22.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the previous year, the firm earned $0.75 EPS. The company’s revenue was down .9% on a year-over-year basis. On average, equities analysts expect that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Evercore ISI raised their price target on shares of CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. StockNews.com raised CarMax to a “sell” rating in a research note on Friday, July 26th. JPMorgan Chase & Co. upped their price target on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, September 19th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of CarMax in a report on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.73.

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.