CarMax, Inc. $KMX Stock Holdings Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in shares of CarMax, Inc. (NYSE:KMX) by 52.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 315,305 shares of the company’s stock after selling 341,685 shares during the quarter. JPMorgan Chase & Co.’s holdings in CarMax were worth $14,149,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KMX. AQR Capital Management LLC increased its holdings in shares of CarMax by 195.3% in the 2nd quarter. AQR Capital Management LLC now owns 4,457,340 shares of the company’s stock valued at $298,107,000 after acquiring an additional 2,947,996 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of CarMax by 33.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock valued at $165,358,000 after acquiring an additional 918,553 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in CarMax by 73.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock worth $158,074,000 after purchasing an additional 1,494,205 shares during the last quarter. Invesco Ltd. lifted its stake in CarMax by 14.2% during the third quarter. Invesco Ltd. now owns 3,425,737 shares of the company’s stock worth $153,713,000 after purchasing an additional 426,809 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in CarMax by 6.6% in the second quarter. Baird Financial Group Inc. now owns 3,298,113 shares of the company’s stock worth $221,666,000 after purchasing an additional 204,481 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Truist Financial increased their target price on shares of CarMax from $35.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, December 18th. Mizuho decreased their price target on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Bank of America boosted their price objective on shares of CarMax from $27.00 to $31.00 and gave the company an “underperform” rating in a research report on Friday, December 19th. Morgan Stanley set a $35.00 price objective on shares of CarMax in a research note on Monday, December 8th. Finally, Wedbush cut their target price on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, CarMax presently has an average rating of “Reduce” and an average price target of $39.21.

CarMax Price Performance

Shares of NYSE KMX opened at $42.65 on Friday. 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 firm has a market capitalization of $6.05 billion, a PE ratio of 14.08, a P/E/G ratio of 1.07 and a beta of 1.35. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $82.79. The business’s fifty day moving average price is $43.97 and its two-hundred day moving average price is $43.52.

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.