Police & Firemen s Retirement System of New Jersey Has $3.91 Million Stake in CarMax, Inc. $KMX

Police & Firemen s Retirement System of New Jersey grew its holdings in CarMax, Inc. (NYSE:KMX) by 155.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,128 shares of the company’s stock after purchasing an additional 35,402 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in CarMax were worth $3,907,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Y Intercept Hong Kong Ltd bought a new stake in shares of CarMax in the second quarter valued at approximately $5,758,000. Hantz Financial Services Inc. raised its stake in CarMax by 45.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 191,827 shares of the company’s stock valued at $12,893,000 after purchasing an additional 59,840 shares during the last quarter. Avior Wealth Management LLC raised its stake in CarMax by 6,129.3% during the 2nd quarter. Avior Wealth Management LLC now owns 9,344 shares of the company’s stock valued at $628,000 after purchasing an additional 9,194 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in CarMax in the 2nd quarter valued at $1,887,000. Finally, Gagnon Securities LLC grew its position in CarMax by 3.9% in the 2nd quarter. Gagnon Securities LLC now owns 163,417 shares of the company’s stock worth $10,983,000 after purchasing an additional 6,067 shares during the last quarter.

CarMax Trading Down 1.2%

KMX stock opened at $34.38 on Monday. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $91.25. The firm has a market cap of $5.05 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.81 and a beta of 1.26. The business’s 50 day moving average is $46.53 and its 200-day moving average is $57.48. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.39). The company had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. CarMax’s quarterly revenue 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. Equities analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KMX. Barclays started coverage on shares of CarMax in a research report on Tuesday, November 11th. They set an “underweight” rating and a $28.00 price objective for the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $30.00 price target (down previously from $50.00) on shares of CarMax in a report on Thursday, November 6th. William Blair lowered CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research report on Tuesday, October 14th. Finally, Truist Financial cut their target price on CarMax from $47.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, CarMax presently has a consensus rating of “Reduce” and a consensus price target of $42.62.

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.