Welch & Forbes LLC Has $17.26 Million Stock Holdings in CarMax, Inc. $KMX

Welch & Forbes LLC trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX) by 45.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 446,573 shares of the company’s stock after selling 371,647 shares during the period. Welch & Forbes LLC’s holdings in CarMax were worth $17,256,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. BNP Paribas Financial Markets boosted its stake in shares of CarMax by 104.2% during the 4th quarter. BNP Paribas Financial Markets now owns 756,031 shares of the company’s stock worth $29,213,000 after buying an additional 385,790 shares during the last quarter. AdvisorShares Investments LLC acquired a new position in shares of CarMax during the 4th quarter worth about $479,000. Norges Bank acquired a new position in shares of CarMax during the 4th quarter worth about $159,232,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of CarMax during the 4th quarter worth about $56,000. Finally, Huntington National Bank boosted its stake in shares of CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently commented on KMX. Royal Bank Of Canada restated a “sector perform” rating and set a $41.00 price objective on shares of CarMax in a research note on Wednesday, April 15th. Barclays dropped their target price on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. Wall Street Zen cut shares of CarMax from a “hold” rating to a “sell” rating in a report on Sunday. Argus raised shares of CarMax to a “hold” rating in a report on Thursday, April 16th. Finally, Stephens upped their target price on shares of CarMax from $39.00 to $43.00 and gave the company an “equal weight” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, CarMax presently has an average rating of “Reduce” and a consensus price target of $41.27.

CarMax Stock Up 1.4%

Shares of KMX stock opened at $44.51 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20. The firm’s 50-day moving average is $40.64 and its 200-day moving average is $41.19. The stock has a market cap of $6.31 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 1.69 and a beta of 1.19. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $71.99.

CarMax (NYSE:KMX) last issued its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. The company had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. CarMax’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Sell-side analysts predict that CarMax, Inc. will post 2.3 EPS for the current year.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.