Nisa Investment Advisors LLC Cuts Position in CarMax, Inc. (NYSE:KMX)

Nisa Investment Advisors LLC cut its holdings in CarMax, Inc. (NYSE:KMX) by 0.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,011 shares of the company’s stock after selling 637 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of CarMax worth $6,346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First Community Trust NA purchased a new stake in shares of CarMax during the 2nd quarter valued at $29,000. Quarry LP grew its position in CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the period. Blue Trust Inc. grew its position in CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the period. Studio Investment Management LLC increased its holdings in CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in CarMax in the first quarter worth about $55,000.

CarMax Trading Down 2.3 %

Shares of CarMax stock opened at $72.38 on Friday. The company’s 50-day moving average price is $76.86 and its 200-day moving average price is $74.86. 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 $59.77 and a 12-month high of $88.22. The company has a market cap of $11.21 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 1.45 and a beta of 1.68.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wedbush restated an “outperform” rating and set a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. StockNews.com raised CarMax to a “sell” rating in a report on Friday, July 26th. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Truist Financial increased their price target on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, CarMax currently has a consensus rating of “Hold” and a consensus target price of $79.73.

CarMax Company 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.