CarMax, Inc. $KMX Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of CarMax, Inc. (NYSE:KMX) by 59.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,896 shares of the company’s stock after selling 61,188 shares during the quarter. SG Americas Securities LLC’s holdings in CarMax were worth $1,880,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in CarMax in the 2nd quarter valued at about $208,144,000. AQR Capital Management LLC lifted its stake in CarMax by 195.3% during the second quarter. AQR Capital Management LLC now owns 4,457,340 shares of the company’s stock valued at $298,107,000 after purchasing an additional 2,947,996 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in CarMax by 1,410.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,028,718 shares of the company’s stock worth $136,350,000 after buying an additional 1,894,408 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of CarMax by 795.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,846,406 shares of the company’s stock valued at $124,097,000 after acquiring an additional 1,640,219 shares during the last quarter. Finally, Azora Capital LP acquired a new stake in shares of CarMax during the 2nd quarter valued at $45,793,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on KMX shares. JPMorgan Chase & Co. cut their target price on CarMax from $30.00 to $28.00 and set an “underweight” rating on the stock in a research report on Friday, December 19th. Stephens cut their price objective on CarMax from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, December 19th. Wall Street Zen lowered shares of CarMax from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Morgan Stanley set a $35.00 target price on shares of CarMax in a research report on Monday, December 8th. Finally, Oppenheimer restated a “market perform” rating on shares of CarMax in a report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $39.36.

CarMax Price Performance

Shares of KMX opened at $46.80 on Thursday. The business’s 50-day moving average is $38.57 and its 200-day moving average is $49.55. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 1.11 and a beta of 1.29. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $89.47.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 18th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.11. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The firm had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same period in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue was down 6.9% on a year-over-year basis. Equities research analysts expect that CarMax, Inc. will post 3.23 EPS 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.