Vanguard Group Inc. Sells 521,892 Shares of CarMax, Inc. $KMX

Vanguard Group Inc. trimmed its holdings in CarMax, Inc. (NYSE:KMX) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,564,869 shares of the company’s stock after selling 521,892 shares during the period. Vanguard Group Inc. owned approximately 11.70% of CarMax worth $1,180,535,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Redmond Asset Management LLC boosted its holdings in shares of CarMax by 0.3% in the first quarter. Redmond Asset Management LLC now owns 50,803 shares of the company’s stock worth $3,959,000 after acquiring an additional 152 shares during the period. Maia Wealth LLC lifted its holdings in 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 lifted its holdings in 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. boosted its stake in CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares during the period. Finally, Kaufman Rossin Wealth LLC grew its holdings in CarMax by 6.2% during the 2nd quarter. Kaufman Rossin Wealth LLC now owns 3,342 shares of the company’s stock valued at $225,000 after buying an additional 194 shares in the last quarter.

CarMax Price Performance

KMX stock opened at $35.38 on Friday. The firm has a 50 day simple moving average of $43.84 and a two-hundred day simple moving average of $56.40. The stock has a market cap of $5.20 billion, a PE ratio of 10.38, a P/E/G ratio of 0.81 and a beta of 1.26. CarMax, Inc. has a one year low of $30.26 and a one year high of $91.25. 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 (NYSE:KMX) last posted 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). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The company had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter last year, the business posted $0.85 EPS. The business’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KMX. Oppenheimer reissued a “market perform” rating on shares of CarMax in a report on Friday, September 26th. BNP Paribas Exane decreased their target price on shares of CarMax from $52.00 to $35.00 and set an “underperform” rating on the stock in a report on Friday, September 26th. Seaport Res Ptn cut shares of CarMax from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 28th. Mizuho cut their price target on shares of CarMax from $78.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, October 16th. Finally, Zacks Research cut shares of CarMax from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. One equities research 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 assigned a Sell rating to the stock. According to data from MarketBeat, CarMax has an average rating of “Reduce” and an average target price of $41.54.

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.