CarMax, Inc. $KMX Shares Sold by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC cut its stake in shares of CarMax, Inc. (NYSE:KMX) by 64.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,390 shares of the company’s stock after selling 9,871 shares during the period. Drucker Wealth 3.0 LLC’s holdings in CarMax were worth $363,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Baird Financial Group Inc. grew its position in shares of CarMax by 7.1% during the first quarter. Baird Financial Group Inc. now owns 3,093,632 shares of the company’s stock worth $241,056,000 after buying an additional 206,106 shares in the last quarter. Invesco Ltd. grew its position in shares of CarMax by 4.9% during the first quarter. Invesco Ltd. now owns 2,863,594 shares of the company’s stock worth $223,131,000 after buying an additional 133,629 shares in the last quarter. First Pacific Advisors LP grew its position in shares of CarMax by 0.8% during the first quarter. First Pacific Advisors LP now owns 2,415,974 shares of the company’s stock worth $188,253,000 after buying an additional 18,912 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of CarMax by 1.4% during the first quarter. Envestnet Asset Management Inc. now owns 1,521,704 shares of the company’s stock worth $118,571,000 after buying an additional 20,800 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of CarMax by 7.8% during the first quarter. AQR Capital Management LLC now owns 1,509,344 shares of the company’s stock worth $115,887,000 after buying an additional 109,332 shares in the last quarter.

CarMax Price Performance

Shares of NYSE KMX opened at $43.09 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a twelve month low of $42.75 and a twelve month high of $91.25. The stock has a 50 day moving average of $55.65 and a two-hundred day moving average of $62.91. The stock has a market cap of $6.33 billion, a P/E ratio of 12.64, a P/E/G ratio of 0.82 and a beta of 1.27.

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 analysts’ consensus estimates of $1.03 by ($0.39). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The firm had revenue of $6.59 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. CarMax’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, research analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of analyst reports. BNP Paribas Exane lowered their price objective on CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, September 26th. Oppenheimer reaffirmed a “market perform” rating on shares of CarMax in a report on Friday, September 26th. Benchmark lowered their price target on CarMax from $75.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Morgan Stanley lowered their price target on CarMax from $80.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, October 1st. Finally, Wedbush downgraded CarMax from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $84.00 to $54.00 in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.42.

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.