Penserra Capital Management LLC Cuts Stock Holdings in CarMax, Inc. (NYSE:KMX)

Penserra Capital Management LLC lowered its stake in CarMax, Inc. (NYSE:KMX) by 17.7% during the 3rd quarter, Holdings Channel reports. The firm owned 11,607 shares of the company’s stock after selling 2,500 shares during the quarter. Penserra Capital Management LLC’s holdings in CarMax were worth $898,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vulcan Value Partners LLC increased its holdings in shares of CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after purchasing an additional 1,369,986 shares during the last quarter. Marshall Wace LLP increased its stake in CarMax by 87.6% in the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock worth $85,118,000 after acquiring an additional 541,967 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CarMax by 41.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after acquiring an additional 436,342 shares in the last quarter. AQR Capital Management LLC raised its holdings 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 acquiring an additional 332,574 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of CarMax by 110.0% during the 2nd quarter. Natixis Advisors LLC now owns 563,608 shares of the company’s stock valued at $41,335,000 after acquiring an additional 295,271 shares during the last quarter.

Analyst Upgrades and Downgrades

KMX has been the topic of several research reports. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their target price on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Evercore ISI increased their price target on shares of CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, October 17th. Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research note on Friday, October 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.73.

CarMax Trading Down 0.6 %

Shares of KMX opened at $84.56 on Thursday. The firm has a market capitalization of $13.10 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 1.73 and a beta of 1.68. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a 1-year low of $62.90 and a 1-year high of $88.22. The company has a 50-day moving average of $75.48 and a 200 day moving average of $76.01.

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

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.