New York Life Investment Management LLC Trims Stock Position in CarMax, Inc. $KMX

New York Life Investment Management LLC lowered its position in shares of CarMax, Inc. (NYSE:KMX) by 62.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 13,150 shares of the company’s stock after selling 21,966 shares during the period. New York Life Investment Management LLC’s holdings in CarMax were worth $508,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of KMX. CYBER HORNET ETFs LLC purchased a new position in CarMax during the second quarter valued at approximately $28,000. MUFG Securities EMEA plc purchased a new position in CarMax during the second quarter valued at approximately $30,000. Center for Financial Planning Inc. bought a new stake in CarMax during the third quarter valued at approximately $31,000. Advisory Services Network LLC bought a new stake in CarMax during the third quarter valued at approximately $32,000. Finally, True Wealth Design LLC lifted its position in CarMax by 54.3% during the fourth quarter. True Wealth Design LLC now owns 907 shares of the company’s stock valued at $35,000 after purchasing an additional 319 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts have issued reports on KMX shares. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research report on Wednesday, April 8th. JPMorgan Chase & Co. lifted their target price on shares of CarMax from $28.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. Argus upgraded shares of CarMax to a “hold” rating in a research report on Thursday, April 16th. Barclays dropped their target price on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Thursday, April 16th. Finally, Bank of America started coverage on shares of CarMax in a research report on Wednesday, April 15th. They set an “underperform” rating and a $40.00 target price for the company. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $41.21.

CarMax Trading Up 3.1%

Shares of KMX opened at $37.41 on Thursday. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 1.37 and a beta of 1.19. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $71.99. The firm has a 50 day moving average price of $40.69 and a 200-day moving average price of $41.04.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. As a group, equities research analysts forecast that CarMax, Inc. will post 2.3 earnings per share for the current year.

CarMax 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.