5,563 Shares in CarMax, Inc. $KMX Acquired by NorthRock Partners LLC

NorthRock Partners LLC purchased a new stake in shares of CarMax, Inc. (NYSE:KMX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,563 shares of the company’s stock, valued at approximately $374,000.

Other hedge funds also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT bought a new stake in shares of CarMax in the 1st quarter valued at about $27,000. Accent Capital Management LLC purchased a new position in CarMax during the first quarter valued at approximately $34,000. Strengthening Families & Communities LLC raised its stake 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 in the last quarter. Quarry LP lifted its holdings in CarMax by 50.5% during 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. lifted its holdings in CarMax by 49.2% during the first quarter. Blue Trust Inc. now owns 898 shares of the company’s stock worth $70,000 after buying an additional 296 shares during the period.

CarMax Stock Up 0.8%

Shares of KMX stock opened at $44.37 on Thursday. CarMax, Inc. has a fifty-two week low of $42.75 and a fifty-two week high of $91.25. The firm has a market capitalization of $6.52 billion, a PE ratio of 13.01, a P/E/G ratio of 0.84 and a beta of 1.27. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 2.46. The stock’s 50-day simple moving average is $54.95 and its 200-day simple moving average is $62.33.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on CarMax from $65.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, September 26th. Wall Street Zen downgraded shares of CarMax from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Stephens cut shares of CarMax from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $42.00 in a report on Tuesday, October 7th. Benchmark cut their price objective on shares of CarMax from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $54.42.

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.