CarMax, Inc. (NYSE:KMX) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its stake in shares of CarMax, Inc. (NYSE:KMX) by 39.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,917 shares of the company’s stock after selling 20,349 shares during the quarter. Amalgamated Bank’s holdings in CarMax were worth $2,392,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. First Community Trust NA acquired a new position in CarMax during the second quarter worth $29,000. Quarry LP increased its holdings in shares of CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after purchasing an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in CarMax during the 3rd quarter worth about $32,000. Blue Trust Inc. lifted its stake in shares of CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares during the period. Finally, Studio Investment Management LLC grew its holdings in CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after purchasing an additional 334 shares during the period.

CarMax Stock Up 1.6 %

CarMax stock opened at $76.78 on Tuesday. The company’s 50-day moving average price is $75.47 and its two-hundred day moving average price is $75.24. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The stock has a market cap of $11.89 billion, a P/E ratio of 28.86, a P/E/G ratio of 1.54 and a beta of 1.68. CarMax, Inc. has a twelve month low of $62.45 and a twelve month high of $88.22.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, analysts expect that CarMax, Inc. will post 2.99 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price target on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $82.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. StockNews.com raised CarMax to a “sell” rating in a research report on Friday, July 26th. Finally, Truist Financial increased their price objective on CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, September 23rd. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $79.73.

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.