CarMax, Inc. (NYSE:KMX) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its stake in CarMax, Inc. (NYSE:KMX) by 4.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 57,097 shares of the company’s stock after selling 2,843 shares during the period. Public Employees Retirement System of Ohio’s holdings in CarMax were worth $4,418,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. raised its position in CarMax by 1.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 46,373 shares of the company’s stock valued at $3,588,000 after purchasing an additional 498 shares during the period. MML Investors Services LLC raised its holdings in shares of CarMax by 1.4% in the 3rd quarter. MML Investors Services LLC now owns 339,972 shares of the company’s stock valued at $26,307,000 after buying an additional 4,836 shares during the period. XTX Topco Ltd acquired a new position in CarMax during the 3rd quarter worth about $1,603,000. iSAM Funds UK Ltd purchased a new position in CarMax during the 3rd quarter valued at about $537,000. Finally, Voya Financial Advisors Inc. grew its position in CarMax by 1.6% in the 3rd quarter. Voya Financial Advisors Inc. now owns 30,145 shares of the company’s stock valued at $2,331,000 after acquiring an additional 482 shares in the last quarter.

CarMax Price Performance

KMX stock opened at $86.26 on Friday. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The company has a market capitalization of $13.36 billion, a P/E ratio of 32.43, a PEG ratio of 1.76 and a beta of 1.71. The business has a 50 day simple moving average of $77.81 and a 200-day simple moving average of $77.20. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $88.22.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, equities analysts anticipate that CarMax, Inc. will post 3.01 EPS for the current year.

Analyst Ratings Changes

KMX has been the subject of several recent research reports. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Royal Bank of Canada reissued an “outperform” rating and issued a $82.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. JPMorgan Chase & Co. lifted their target price on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a report on Thursday, December 5th. Finally, Wedbush restated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $81.00.

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.