Savant Capital LLC Purchases 7,781 Shares of CarMax, Inc. $KMX

Savant Capital LLC boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 15.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,686 shares of the company’s stock after buying an additional 7,781 shares during the period. Savant Capital LLC’s holdings in CarMax were worth $3,944,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KMX. CWM LLC boosted its position in shares of CarMax by 6.7% during the 1st quarter. CWM LLC now owns 40,177 shares of the company’s stock worth $3,131,000 after acquiring an additional 2,516 shares in the last quarter. Edgestream Partners L.P. bought a new stake in CarMax during the first quarter worth $8,822,000. Graybill Wealth Management LTD. bought a new stake in CarMax during the first quarter worth $2,574,000. Banyan Capital Management Inc. lifted its stake in CarMax by 1.3% during the first quarter. Banyan Capital Management Inc. now owns 132,349 shares of the company’s stock worth $10,313,000 after purchasing an additional 1,710 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of CarMax by 7.1% in the 1st quarter. Victory Capital Management Inc. now owns 57,667 shares of the company’s stock valued at $4,493,000 after purchasing an additional 3,808 shares in the last quarter.

Wall Street Analyst Weigh In

KMX has been the subject of a number of research analyst reports. Wedbush reissued a “neutral” rating and set a $54.00 price target on shares of CarMax in a report on Thursday, October 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research note on Tuesday, October 14th. BNP Paribas Exane lowered their target price on CarMax from $52.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, September 26th. Morgan Stanley dropped their target price on shares of CarMax from $80.00 to $56.00 and set an “overweight” rating for the company in a report on Wednesday, October 1st. Finally, Robert W. Baird reduced their price target on shares of CarMax from $90.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.58.

CarMax Price Performance

KMX stock opened at $32.31 on Monday. The company has a market capitalization of $4.74 billion, a P/E ratio of 9.48, a PEG ratio of 0.81 and a beta of 1.26. The company has a fifty day moving average price of $49.17 and a 200-day moving average price of $58.57. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 2.46. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $91.25.

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 the consensus estimate of $1.03 by ($0.39). The business had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $7.07 billion. CarMax had a return on equity of 8.51% and a net margin of 1.98%.The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. As a group, equities analysts expect that CarMax, Inc. will post 3.23 EPS for the current 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.