CarMax, Inc. (NYSE:KMX) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC decreased its holdings in CarMax, Inc. (NYSE:KMX) by 45.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,418 shares of the company’s stock after selling 2,792 shares during the quarter. Intech Investment Management LLC’s holdings in CarMax were worth $264,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. King Luther Capital Management Corp increased its holdings in CarMax by 1.7% during the 3rd quarter. King Luther Capital Management Corp now owns 55,331 shares of the company’s stock worth $4,282,000 after purchasing an additional 940 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of CarMax in the third quarter worth $298,000. LMR Partners LLP acquired a new stake in CarMax in the third quarter valued at $238,000. Quest Partners LLC acquired a new stake in CarMax in the third quarter valued at $350,000. Finally, Atlanta Consulting Group Advisors LLC bought a new position in CarMax during the 3rd quarter valued at $222,000.

Analyst Ratings Changes

Several research firms have recently weighed in on KMX. Stephens initiated coverage on shares of CarMax in a research report on Thursday. They issued an “equal weight” rating and a $86.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a report on Thursday. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Finally, Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.00.

CarMax Stock Performance

Shares of KMX opened at $84.58 on Friday. CarMax, Inc. has a one year low of $65.38 and a one year high of $88.22. The company has a 50-day moving average of $76.40 and a two-hundred day moving average of $76.42. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.71 and a beta of 1.71.

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

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.