CarMax, Inc. $KMX Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC decreased its position in CarMax, Inc. (NYSE:KMX) by 41.1% in the second quarter, HoldingsChannel.com reports. The fund owned 3,665 shares of the company’s stock after selling 2,558 shares during the period. Metis Global Partners LLC’s holdings in CarMax were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in KMX. Redmond Asset Management LLC increased its holdings in shares of CarMax by 0.3% in the first quarter. Redmond Asset Management LLC now owns 50,803 shares of the company’s stock valued at $3,959,000 after purchasing an additional 152 shares during the period. Maia Wealth LLC increased its holdings in CarMax by 0.6% in the 1st quarter. Maia Wealth LLC now owns 26,099 shares of the company’s stock worth $2,034,000 after buying an additional 157 shares during the period. Jones Financial Companies Lllp raised its position in CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after buying an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after acquiring an additional 173 shares during the period. Finally, Kaufman Rossin Wealth LLC boosted its holdings in shares of CarMax by 6.2% in the 2nd quarter. Kaufman Rossin Wealth LLC now owns 3,342 shares of the company’s stock valued at $225,000 after acquiring an additional 194 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KMX. Evercore ISI reduced their target price on shares of CarMax from $52.00 to $35.00 and set an “in-line” rating for the company in a report on Thursday, November 6th. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research note on Tuesday, October 14th. Seaport Res Ptn cut CarMax from a “strong-buy” rating to a “hold” rating in a research report on Sunday, September 28th. Wedbush reissued a “neutral” rating and issued a $54.00 price target on shares of CarMax in a report on Thursday, October 16th. Finally, Truist Financial dropped their price objective on shares of CarMax from $47.00 to $35.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $42.62.

CarMax Stock Performance

Shares of KMX stock opened at $34.74 on Friday. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $91.25. The business’s 50 day moving average is $47.06 and its two-hundred day moving average is $57.79. The company has a market capitalization of $5.10 billion, a P/E ratio of 10.19, a P/E/G ratio of 0.81 and a beta of 1.26.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. 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.