Blair William & Co. IL Sells 82,324 Shares of CarMax, Inc. $KMX

Key Points

• Blair William & Co. IL sold 82,324 shares of CarMax, cutting its stake by 21% to 309,597 shares (about 0.21% of the company) valued at roughly $13.9 million at the end of Q3.
• Other institutions increased exposure—First Trust Advisors (+116.2%), Neo Ivy Capital (+143.1%) and Barclays (+14.6%, to 533,488 shares worth ~$23.9 million) all boosted their CarMax holdings during the quarter.
• CarMax beat quarterly EPS and revenue estimates (EPS $0.43 vs $0.31; revenue $5.79B vs $5.66B) despite revenue falling 6.9% year-over-year, and the stock trades near $42 with a market cap of ~$6 billion while analysts' consensus rating is a "Reduce" with an average price target of $39.21.

Blair William & Co. IL decreased its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 21.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 309,597 shares of the company's stock after selling 82,324 shares during the quarter. Blair William & Co. IL owned about 0.21% of CarMax worth $13,892,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. First Trust Advisors LP boosted its stake in CarMax by 116.2% during the third quarter. First Trust Advisors LP now owns 75,665 shares of the company's stock worth $3,395,000 after buying an additional 40,666 shares during the period. Neo Ivy Capital Management raised its stake in shares of CarMax by 143.1% in the third quarter. Neo Ivy Capital Management now owns 53,868 shares of the company's stock valued at $2,417,000 after acquiring an additional 31,708 shares during the period. Barclays PLC raised its stake in shares of CarMax by 14.6% in the third quarter. Barclays PLC now owns 533,488 shares of the company's stock valued at $23,938,000 after acquiring an additional 67,934 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of CarMax by 26.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 11,963 shares of the company's stock worth $537,000 after acquiring an additional 2,518 shares during the last quarter. Finally, Burgundy Asset Management Ltd. boosted its stake in shares of CarMax by 62.8% during the 3rd quarter. Burgundy Asset Management Ltd. now owns 41,459 shares of the company's stock worth $1,860,000 after purchasing an additional 15,999 shares during the period.

CarMax Price Performance

CarMax stock opened at $42.27 on Monday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. The stock has a market cap of $5.99 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35. The firm has a 50-day moving average of $44.10 and a two-hundred day moving average of $45.10. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $82.79.

CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Thursday, December 18th. The company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.12. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The business had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. During the same period last year, the company posted $0.81 earnings per share. The company's quarterly revenue was down 6.9% compared to the same quarter last year. On average, research analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on KMX shares. Royal Bank Of Canada upped their price target on shares of CarMax from $34.00 to $37.00 and gave the company a "sector perform" rating in a report on Friday, December 19th. Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Sunday, February 22nd. Truist Financial upped their target price on CarMax from $35.00 to $37.00 and gave the company a "hold" rating in a research note on Thursday, December 18th. Zacks Research upgraded CarMax from a "strong sell" rating to a "hold" rating in a report on Monday, January 5th. Finally, Bank of America raised their price target on CarMax from $27.00 to $31.00 and gave the stock an "underperform" rating in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, CarMax presently has an average rating of "Reduce" and an average price target of $39.21.

About CarMax

CarMax NYSE: KMX is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company's inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax's retail locations or browse the company's online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.

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