CarMax, Inc. $KMX Stock Holdings Decreased by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lowered its stake in CarMax, Inc. (NYSE:KMX) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 80,463 shares of the company’s stock after selling 1,174 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in CarMax were worth $5,408,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zions Bancorporation National Association UT bought a new stake in shares of CarMax in the 1st quarter worth about $27,000. Accent Capital Management LLC bought a new position in CarMax in the first quarter worth about $34,000. Strengthening Families & Communities LLC boosted its stake in CarMax by 93.1% in the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock valued at $39,000 after acquiring an additional 256 shares during the period. Quarry LP grew its holdings in shares of CarMax by 50.5% during the first quarter. Quarry LP now owns 694 shares of the company’s stock valued at $54,000 after purchasing an additional 233 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of CarMax by 49.2% during the first quarter. Blue Trust Inc. now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 296 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently commented on KMX. Wedbush reaffirmed a “neutral” rating and set a $54.00 target price on shares of CarMax in a report on Thursday, October 16th. Mizuho lowered their target price on CarMax from $78.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday. Evercore ISI reaffirmed an “in-line” rating and set a $52.00 target price (down from $80.00) on shares of CarMax in a report on Friday, September 26th. Truist Financial lowered their target price on CarMax from $74.00 to $47.00 and set a “hold” rating for the company in a report on Friday, September 26th. Finally, Benchmark lowered their target price on CarMax from $75.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, CarMax currently has an average rating of “Hold” and an average target price of $51.75.

CarMax Price Performance

NYSE KMX opened at $43.07 on Tuesday. CarMax, Inc. has a 52 week low of $42.34 and a 52 week high of $91.25. 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 stock has a market cap of $6.32 billion, a price-to-earnings ratio of 12.63, a price-to-earnings-growth ratio of 0.82 and a beta of 1.27. The company has a 50-day moving average price of $54.21 and a two-hundred day moving average price of $61.36.

CarMax (NYSE:KMX) last posted its 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 firm had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $7.07 billion. CarMax had a return on equity of 8.51% and a net margin of 1.98%.CarMax’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. Analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

About CarMax

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.