CarMax, Inc. $KMX Shares Sold by Fox Run Management L.L.C.

Fox Run Management L.L.C. lowered its holdings in shares of CarMax, Inc. (NYSE:KMX) by 46.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,950 shares of the company’s stock after selling 13,122 shares during the period. Fox Run Management L.L.C.’s holdings in CarMax were worth $671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Redmond Asset Management LLC raised its stake in shares of CarMax by 1.6% during the third quarter. Redmond Asset Management LLC now owns 52,143 shares of the company’s stock valued at $2,340,000 after purchasing an additional 845 shares in the last quarter. TD Asset Management Inc raised its position in shares of CarMax by 73.1% during the 3rd quarter. TD Asset Management Inc now owns 76,431 shares of the company’s stock worth $3,429,000 after buying an additional 32,289 shares in the last quarter. Greenland Capital Management LP acquired a new stake in shares of CarMax in the 3rd quarter worth approximately $665,000. Inkwell Capital LLC boosted its holdings in shares of CarMax by 35.2% in the third quarter. Inkwell Capital LLC now owns 64,515 shares of the company’s stock valued at $2,895,000 after acquiring an additional 16,804 shares in the last quarter. Finally, Mufg Securities Americas Inc. increased its stake in shares of CarMax by 19.9% during the third quarter. Mufg Securities Americas Inc. now owns 4,047 shares of the company’s stock valued at $182,000 after acquiring an additional 671 shares during the period.

Wall Street Analyst Weigh In

KMX has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a report on Friday, January 9th. Mizuho cut their price objective on CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. William Blair cut CarMax from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 6th. Morgan Stanley set a $35.00 target price on CarMax in a report on Monday, December 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of CarMax from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $39.21.

CarMax Stock Performance

Shares of NYSE KMX opened at $43.09 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.04 and a beta of 1.35. The stock’s fifty day simple moving average is $43.77 and its 200 day simple moving average is $45.84. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $84.49.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 18th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.31 by $0.12. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The business had revenue of $5.79 billion during the quarter, compared to the consensus estimate of $5.66 billion. During the same period in the prior year, the business posted $0.81 earnings per share. CarMax’s revenue was down 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

About CarMax

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.