Quantbot Technologies LP Sells 23,876 Shares of CarMax, Inc. $KMX

Quantbot Technologies LP decreased its stake in shares of CarMax, Inc. (NYSE:KMX) by 48.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 25,108 shares of the company’s stock after selling 23,876 shares during the quarter. Quantbot Technologies LP’s holdings in CarMax were worth $1,688,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in KMX. Redmond Asset Management LLC grew its position in CarMax by 0.3% during the first quarter. Redmond Asset Management LLC now owns 50,803 shares of the company’s stock worth $3,959,000 after buying an additional 152 shares in the last quarter. Maia Wealth LLC grew its holdings in shares of CarMax by 0.6% during the 1st quarter. Maia Wealth LLC now owns 26,099 shares of the company’s stock worth $2,034,000 after purchasing an additional 157 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CarMax by 0.6% during the first 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. Finally, Kaufman Rossin Wealth LLC raised its stake in shares of CarMax by 6.2% in the second quarter. Kaufman Rossin Wealth LLC now owns 3,342 shares of the company’s stock valued at $225,000 after purchasing an additional 194 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Truist Financial decreased their price target on shares of CarMax from $47.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Zacks Research downgraded shares of CarMax from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Stephens cut shares of CarMax from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $53.00 to $42.00 in a research note on Tuesday, October 7th. BNP Paribas Exane dropped their price target on shares of CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $35.00 price objective (down from $56.00) on shares of CarMax in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of “Reduce” and a consensus target price of $41.54.

CarMax Trading Down 0.2%

Shares of CarMax stock opened at $38.81 on Friday. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $91.25. The stock has a market capitalization of $5.70 billion, a P/E ratio of 11.38, a price-to-earnings-growth ratio of 0.87 and a beta of 1.29. The company has a 50-day simple moving average of $40.24 and a 200 day simple moving average of $54.36. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, September 25th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.39). The firm had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.07 billion. CarMax had a return on equity of 8.51% and a net margin of 1.98%.CarMax’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. Research analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

CarMax 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.