CarMax, Inc. $KMX Holdings Lifted by Giverny Capital Inc.

Giverny Capital Inc. increased its position in shares of CarMax, Inc. (NYSE:KMX) by 0.9% during the second quarter, Holdings Channel.com reports. The fund owned 1,655,930 shares of the company’s stock after acquiring an additional 14,308 shares during the quarter. CarMax accounts for approximately 3.8% of Giverny Capital Inc.’s investment portfolio, making the stock its 11th largest position. Giverny Capital Inc.’s holdings in CarMax were worth $111,295,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Zions Bancorporation National Association UT bought a new position in shares of CarMax during the 1st quarter valued at about $27,000. Accent Capital Management LLC acquired a new stake in CarMax during the first quarter valued at approximately $34,000. Strengthening Families & Communities LLC lifted its stake in CarMax by 93.1% during the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock valued at $39,000 after purchasing an additional 256 shares during the last quarter. Quarry LP boosted its holdings in CarMax by 50.5% during the first quarter. Quarry LP now owns 694 shares of the company’s stock worth $54,000 after buying an additional 233 shares in the last quarter. Finally, Blue Trust Inc. grew its position in CarMax by 25.8% in the second quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock worth $76,000 after buying an additional 232 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen downgraded CarMax from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Morgan Stanley reaffirmed an “equal weight” rating and issued a $35.00 price objective (down previously from $56.00) on shares of CarMax in a research note on Monday, November 10th. Truist Financial cut their target price on shares of CarMax from $47.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Stephens lowered CarMax from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $53.00 to $42.00 in a report on Tuesday, October 7th. Finally, Benchmark cut CarMax from a “buy” rating to a “hold” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $41.54.

CarMax Trading Up 0.2%

Shares of NYSE:KMX opened at $38.30 on Friday. The firm has a fifty day moving average of $41.64 and a two-hundred day moving average of $55.46. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $91.25. The firm has a market capitalization of $5.62 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26.

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

About CarMax

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.