CarMax, Inc. $KMX Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,736,565 shares of the company’s stock after selling 32,687 shares during the quarter. Cooke & Bieler LP’s holdings in CarMax were worth $116,715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new stake in shares of CarMax during the 1st quarter worth approximately $27,000. Accent Capital Management LLC acquired a new stake in CarMax in the first quarter worth $34,000. Strengthening Families & Communities LLC increased its position in CarMax by 93.1% in the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after buying an additional 256 shares during the period. Quarry LP increased its position in CarMax by 50.5% in the first quarter. Quarry LP now owns 694 shares of the company’s stock worth $54,000 after buying an additional 233 shares during the period. Finally, Blue Trust Inc. increased 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 period.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of CarMax from $80.00 to $56.00 and set an “overweight” rating on the stock in a report on Wednesday, October 1st. Seaport Res Ptn lowered shares of CarMax from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 28th. Stephens lowered shares of CarMax from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $53.00 to $42.00 in a research note on Tuesday, October 7th. Zacks Research lowered shares of CarMax from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. Finally, Oppenheimer restated a “market perform” rating on shares of CarMax in a research report on Friday, September 26th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.75.

CarMax Stock Up 0.3%

CarMax stock opened at $41.98 on Friday. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 0.81 and a beta of 1.27. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87. The company’s 50-day moving average price is $51.55 and its two-hundred day moving average price is $59.61. CarMax, Inc. has a 52 week low of $41.13 and a 52 week high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, September 25th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The company had revenue of $6.59 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the business earned $0.85 EPS. CarMax’s revenue was down 6.0% compared to the same quarter last year. On average, analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

CarMax Company 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.