Camarda Financial Advisors LLC Decreases Position in CarMax, Inc. (NYSE:KMX)

Camarda Financial Advisors LLC cut its position in CarMax, Inc. (NYSE:KMXGet Rating) by 10.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,767 shares of the company’s stock after selling 463 shares during the period. Camarda Financial Advisors LLC’s holdings in CarMax were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Principal Financial Group Inc. raised its holdings in CarMax by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 9,015,899 shares of the company’s stock worth $1,173,267,000 after buying an additional 114,563 shares during the last quarter. Janus Henderson Group PLC raised its holdings in CarMax by 3.4% in the third quarter. Janus Henderson Group PLC now owns 4,506,622 shares of the company’s stock worth $576,667,000 after buying an additional 146,763 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in CarMax by 22.1% in the third quarter. The Manufacturers Life Insurance Company now owns 4,121,262 shares of the company’s stock worth $527,356,000 after buying an additional 745,024 shares during the last quarter. Geode Capital Management LLC raised its holdings in CarMax by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,923,446 shares of the company’s stock worth $379,663,000 after buying an additional 78,967 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in CarMax by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,623,791 shares of the company’s stock worth $208,078,000 after buying an additional 7,021 shares during the last quarter. 96.10% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently commented on the stock. StockNews.com assumed coverage on shares of CarMax in a research note on Thursday, March 31st. They issued a “sell” rating for the company. JPMorgan Chase & Co. lowered shares of CarMax from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $130.00 to $110.00 in a research note on Wednesday, April 13th. Citic Securities assumed coverage on shares of CarMax in a research note on Friday, January 28th. They issued a “buy” rating and a $130.00 price target for the company. Wedbush reduced their price target on shares of CarMax from $95.00 to $90.00 in a research note on Wednesday, April 13th. Finally, Seaport Res Ptn upgraded shares of CarMax from a “neutral” rating to a “buy” rating in a research note on Thursday, January 27th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $130.64.

Shares of NYSE KMX opened at $92.46 on Friday. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.93 and a beta of 1.44. CarMax, Inc. has a 12-month low of $85.36 and a 12-month high of $155.98. The firm has a 50 day moving average of $95.76 and a 200 day moving average of $114.31. The company has a current ratio of 3.20, a quick ratio of 0.70 and a debt-to-equity ratio of 3.47.

CarMax (NYSE:KMXGet Rating) last posted its quarterly earnings results on Tuesday, April 12th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.58 billion. CarMax had a return on equity of 22.74% and a net margin of 3.61%. The business’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.27 earnings per share. Sell-side analysts predict that CarMax, Inc. will post 6.22 EPS for the current year.

CarMax Company Profile (Get Rating)

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions.

Further Reading

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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