Mount Capital Ltd Cuts Stock Position in CarMax, Inc. $KMX

by · The Markets Daily

Mount Capital Ltd lessened its holdings in shares of CarMax, Inc. (NYSE:KMX – Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 410,400 shares of the company’s stock after selling 410,400 shares during the period. CarMax makes up 6.4% of Mount Capital Ltd’s portfolio, making the stock its 7th biggest position. Mount Capital Ltd owned approximately 0.29% of CarMax worth $15,858,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Parallel Advisors LLC raised its position in CarMax by 390.9% in the 4th quarter. Parallel Advisors LLC now owns 2,165 shares of the company’s stock valued at $84,000 after buying an additional 1,724 shares during the last quarter. Clifford Swan Investment Counsel LLC raised its position in CarMax by 30.2% in the 4th quarter. Clifford Swan Investment Counsel LLC now owns 300,598 shares of the company’s stock valued at $11,615,000 after buying an additional 69,636 shares during the last quarter. State of Wyoming acquired a new stake in CarMax in the 4th quarter valued at approximately $210,000. Cibc World Market Inc. raised its position in CarMax by 113.9% in the 4th quarter. Cibc World Market Inc. now owns 26,403 shares of the company’s stock valued at $1,020,000 after buying an additional 14,059 shares during the last quarter. Finally, Sivia Capital Partners LLC acquired a new stake in CarMax in the 4th quarter valued at approximately $870,000.

CarMax Stock Up 0.6%

KMX stock opened at $47.19 on Friday. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93. The firm has a market capitalization of $6.69 billion, a PE ratio of 29.49, a PEG ratio of 1.78 and a beta of 1.21. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $71.99. The business’s 50 day simple moving average is $41.00 and its 200 day simple moving average is $41.60.

CarMax (NYSE:KMX – Get Free Report) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The firm’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. As a group, research analysts anticipate that CarMax, Inc. will post 2.3 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on KMX shares. Bank of America started coverage on CarMax in a research report on Wednesday, April 15th. They issued an “underperform” rating and a $40.00 target price on the stock. Wall Street Zen lowered CarMax from a “hold” rating to a “sell” rating in a research report on Sunday, May 31st. Barclays dropped their target price on CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a research report on Thursday, April 16th. JPMorgan Chase & Co. lifted their target price on CarMax from $28.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. Finally, Robert W. Baird lifted their target price on CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $41.27.

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About CarMax

(Free Report)

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.

Further Reading

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