Cary Street Partners Asset Management LLC Sells 200 Shares of CarMax, Inc. (NYSE:KMX)

Cary Street Partners Asset Management LLC lessened its holdings in CarMax, Inc. (NYSE:KMX) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,019 shares of the company’s stock after selling 200 shares during the period. Cary Street Partners Asset Management LLC’s holdings in CarMax were worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kinneret Advisory LLC boosted its stake in CarMax by 2.3% during the first quarter. Kinneret Advisory LLC now owns 5,192 shares of the company’s stock worth $501,000 after buying an additional 116 shares during the period. Trust Co. of Virginia VA boosted its stake in shares of CarMax by 1.2% during the second quarter. Trust Co. of Virginia VA now owns 10,880 shares of the company’s stock valued at $911,000 after purchasing an additional 124 shares during the period. Deseret Mutual Benefit Administrators boosted its stake in shares of CarMax by 42.0% during the second quarter. Deseret Mutual Benefit Administrators now owns 477 shares of the company’s stock valued at $40,000 after purchasing an additional 141 shares during the period. Tranquilli Financial Advisor LLC boosted its stake in shares of CarMax by 2.0% during the second quarter. Tranquilli Financial Advisor LLC now owns 7,601 shares of the company’s stock valued at $636,000 after purchasing an additional 149 shares during the period. Finally, Equitable Trust Co. boosted its stake in shares of CarMax by 2.9% during the first quarter. Equitable Trust Co. now owns 5,451 shares of the company’s stock valued at $350,000 after purchasing an additional 154 shares during the period.

CarMax Stock Performance

Shares of NYSE KMX traded down $0.18 during midday trading on Friday, reaching $63.97. 2,196,080 shares of the stock were exchanged, compared to its average volume of 2,047,320. The firm has a market cap of $10.15 billion, a price-to-earnings ratio of 22.29, a PEG ratio of 1.46 and a beta of 1.48. CarMax, Inc. has a twelve month low of $52.10 and a twelve month high of $87.50. The firm has a 50-day simple moving average of $69.30 and a two-hundred day simple moving average of $75.94. The company has a quick ratio of 0.67, a current ratio of 2.32 and a debt-to-equity ratio of 3.01.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, September 28th. The company reported $0.75 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.75. CarMax had a net margin of 1.68% and a return on equity of 7.14%. The firm had revenue of $7.07 billion for the quarter, compared to analysts’ expectations of $7.02 billion. During the same quarter last year, the company earned $0.79 EPS. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. As a group, analysts anticipate that CarMax, Inc. will post 2.97 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore ISI lowered their target price on shares of CarMax from $80.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, September 25th. Wedbush decreased their price objective on CarMax from $90.00 to $80.00 and set an “outperform” rating for the company in a report on Thursday. Truist Financial restated a “hold” rating and issued a $72.00 price objective on shares of CarMax in a report on Wednesday, October 18th. Stephens decreased their price objective on CarMax from $78.00 to $70.00 and set an “equal weight” rating for the company in a report on Friday, September 29th. Finally, Robert W. Baird decreased their price objective on CarMax from $96.00 to $88.00 and set an “outperform” rating for the company in a report on Friday, September 29th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $75.80.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.