Blair William & Co. IL Has $26.34 Million Stock Position in CarMax, Inc. $KMX

Key Points

• Blair William & Co. IL reduced its stake in CarMax, Inc. by 14.1%, owning 391,921 shares valued at approximately $26.34 million after selling 64,149 shares in the second quarter.
• CarMax reported earnings per share of $0.64 for the last quarter, missing estimates by $0.39, and its revenue dropped by 6.0% year-over-year to $6.59 billion.
• Several analysts have downgraded CarMax's stock ratings, with BNP Paribas Exane setting a new target price of $35.00, indicating a shift towards an "underperform" rating.

Blair William & Co. IL cut its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 391,921 shares of the company's stock after selling 64,149 shares during the period. Blair William & Co. IL owned 0.26% of CarMax worth $26,341,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its holdings in shares of CarMax by 6,129.3% in the 2nd quarter. Avior Wealth Management LLC now owns 9,344 shares of the company's stock valued at $628,000 after buying an additional 9,194 shares during the last quarter. Gagnon Securities LLC raised its position in CarMax by 3.9% during the second quarter. Gagnon Securities LLC now owns 163,417 shares of the company's stock worth $10,983,000 after acquiring an additional 6,067 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in CarMax by 13.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,678 shares of the company's stock worth $1,571,000 after acquiring an additional 2,375 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in CarMax in the first quarter valued at $1,753,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of CarMax by 5.5% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company's stock valued at $262,000 after acquiring an additional 176 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BNP Paribas Exane dropped their target price on shares of CarMax from $52.00 to $35.00 and set an "underperform" rating on the stock in a report on Friday, September 26th. Evercore ISI reissued an "in-line" rating and set a $52.00 price target (down previously from $80.00) on shares of CarMax in a research report on Friday, September 26th. Seaport Res Ptn lowered CarMax from a "strong-buy" rating to a "hold" rating in a research note on Sunday, September 28th. Stephens cut CarMax from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $53.00 to $42.00 in a research report on Tuesday. Finally, Needham & Company LLC dropped their price target on CarMax from $92.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, CarMax currently has a consensus rating of "Hold" and an average price target of $54.42.

CarMax Price Performance

CarMax stock opened at $44.04 on Friday. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 0.83 and a beta of 1.27. 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 $42.75 and a 12 month high of $91.25. The stock's 50 day moving average is $55.91 and its 200-day moving average is $63.21.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.39). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The firm had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The business's revenue for the quarter was down 6.0% compared to the same quarter last year. Equities research analysts expect 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.