CarMax, Inc. (NYSE:KMX) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in CarMax, Inc. (NYSE:KMX) by 13.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,042 shares of the company’s stock after selling 4,101 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in CarMax were worth $2,015,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. CWM LLC lifted its position in shares of CarMax by 69.6% during the 2nd quarter. CWM LLC now owns 17,776 shares of the company’s stock worth $1,304,000 after purchasing an additional 7,294 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after purchasing an additional 10,898 shares during the last quarter. Eagle Rock Investment Company LLC purchased a new stake in shares of CarMax during the 3rd quarter worth $747,000. Dimensional Fund Advisors LP lifted its position in shares of CarMax by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after purchasing an additional 51,397 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of CarMax by 212.8% during the 2nd quarter. AQR Capital Management LLC now owns 488,836 shares of the company’s stock worth $35,851,000 after purchasing an additional 332,574 shares during the last quarter.

CarMax Price Performance

Shares of NYSE:KMX opened at $83.62 on Thursday. The company has a 50-day simple moving average of $76.22 and a 200-day simple moving average of $76.36. CarMax, Inc. has a one year low of $64.72 and a one year high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The stock has a market capitalization of $12.95 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 1.69 and a beta of 1.71.

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

Wall Street Analyst Weigh In

KMX has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Evercore ISI boosted their price target on shares of CarMax from $81.00 to $83.00 and gave the company an “in-line” rating in a research report on Tuesday. Finally, BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $80.09.

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.