CarMax, Inc. $KMX Shares Purchased by Cwm LLC

Cwm LLC grew its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 170.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,803 shares of the company's stock after acquiring an additional 68,626 shares during the quarter. Cwm LLC owned about 0.07% of CarMax worth $7,313,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KMX. Redmond Asset Management LLC lifted its stake in CarMax by 0.3% during the first quarter. Redmond Asset Management LLC now owns 50,803 shares of the company's stock worth $3,959,000 after purchasing an additional 152 shares during the last quarter. Maia Wealth LLC lifted its stake in CarMax by 0.6% during the first quarter. Maia Wealth LLC now owns 26,099 shares of the company's stock worth $2,034,000 after purchasing an additional 157 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in CarMax by 3.1% during the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company's stock worth $419,000 after purchasing an additional 161 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company's stock worth $2,446,000 after purchasing an additional 173 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in CarMax by 5.5% during the first quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company's stock worth $262,000 after buying an additional 176 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have commented on KMX shares. Morgan Stanley cut their price target on CarMax from $80.00 to $56.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 1st. Evercore ISI reaffirmed 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. Needham & Company LLC cut their price target on CarMax from $92.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, September 26th. Wall Street Zen lowered CarMax from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Finally, BNP Paribas Exane cut their price target on CarMax from $52.00 to $35.00 and set an "underperform" rating on the stock in a research report on Friday, September 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $54.42.

CarMax Stock Up 0.8%

Shares of NYSE:KMX opened at $44.37 on Thursday. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a 52-week low of $42.75 and a 52-week high of $91.25. The stock's fifty day simple moving average is $54.95 and its 200-day simple moving average is $62.33. The company has a market capitalization of $6.52 billion, a P/E ratio of 13.01, a P/E/G ratio of 0.84 and a beta of 1.27.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $6.59 billion during the quarter, compared to analysts' expectations of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. The firm's revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. As a group, equities research analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc. (NYSE:KMX - Free Report).

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.