Metis Global Partners LLC Lowers Holdings in CarMax, Inc. $KMX

Metis Global Partners LLC reduced its position in shares of CarMax, Inc. (NYSE:KMX) by 41.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,665 shares of the company’s stock after selling 2,558 shares during the quarter. Metis Global Partners LLC’s holdings in CarMax were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Savant Capital LLC grew its position in shares of CarMax by 15.3% during the 2nd quarter. Savant Capital LLC now owns 58,686 shares of the company’s stock worth $3,944,000 after buying an additional 7,781 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in CarMax in the second quarter worth about $1,822,000. Plato Investment Management Ltd bought a new position in CarMax during the 2nd quarter worth about $867,000. Twin City Private Wealth LLC increased its position in CarMax by 1.7% during the 2nd quarter. Twin City Private Wealth LLC now owns 21,059 shares of the company’s stock valued at $1,415,000 after purchasing an additional 359 shares during the period. Finally, Earned Wealth Advisors LLC purchased a new position in CarMax during the 2nd quarter valued at about $257,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on KMX shares. Barclays started coverage on shares of CarMax in a research report on Tuesday. They issued an “underweight” rating and a $28.00 price target for the company. Zacks Research lowered CarMax from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Tuesday, October 14th. William Blair lowered CarMax from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 6th. Finally, Stephens downgraded CarMax from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $53.00 to $42.00 in a research report on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $42.62.

CarMax Stock Up 0.9%

Shares of KMX stock opened at $34.74 on Friday. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $91.25. The stock’s fifty day moving average price is $47.06 and its 200 day moving average price is $57.79. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.46 and a quick ratio of 1.06. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 10.19, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 earnings per share. On average, research analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

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.