NorthRock Partners LLC Takes $374,000 Position in CarMax, Inc. $KMX

NorthRock Partners LLC acquired a new stake in shares of CarMax, Inc. (NYSE:KMX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 5,563 shares of the company’s stock, valued at approximately $374,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its position in shares of CarMax by 6,129.3% in the second quarter. Avior Wealth Management LLC now owns 9,344 shares of the company’s stock worth $628,000 after purchasing an additional 9,194 shares during the period. Gagnon Securities LLC raised its position in shares of CarMax by 3.9% during the 2nd quarter. Gagnon Securities LLC now owns 163,417 shares of the company’s stock valued at $10,983,000 after purchasing an additional 6,067 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CarMax by 13.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,678 shares of the company’s stock valued at $1,571,000 after buying an additional 2,375 shares in the last quarter. Beaumont Asset Management L.L.C. bought a new position in CarMax in the 2nd quarter worth $520,000. Finally, Teacher Retirement System of Texas bought a new position in CarMax in the 1st quarter worth $1,753,000.

CarMax Price Performance

CarMax stock opened at $44.37 on Thursday. CarMax, Inc. has a 52-week low of $42.75 and a 52-week high of $91.25. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. The firm’s fifty day moving average is $54.95 and its 200 day moving average is $62.33. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 0.84 and a beta of 1.27.

CarMax (NYSE:KMX) last posted its earnings results 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 return on equity of 8.51% and a net margin of 1.98%.The business had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was down 6.0% on a year-over-year basis. Sell-side analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KMX shares. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Seaport Res Ptn cut CarMax from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 28th. Truist Financial dropped their price target on CarMax from $74.00 to $47.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Zacks Research cut shares of CarMax from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 2nd. Finally, Wedbush lowered shares of CarMax from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $84.00 to $54.00 in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $54.42.

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.