Y Intercept Hong Kong Ltd Acquires Shares of 85,676 CarMax, Inc. $KMX

Y Intercept Hong Kong Ltd bought a new stake in CarMax, Inc. (NYSE:KMX) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 85,676 shares of the company’s stock, valued at approximately $5,758,000. Y Intercept Hong Kong Ltd owned about 0.06% of CarMax at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KMX. Avior Wealth Management LLC increased its holdings in CarMax by 6,129.3% during the second quarter. Avior Wealth Management LLC now owns 9,344 shares of the company’s stock worth $628,000 after buying an additional 9,194 shares during the last quarter. Gagnon Securities LLC boosted its position in shares of CarMax by 3.9% in the second quarter. Gagnon Securities LLC now owns 163,417 shares of the company’s stock valued at $10,983,000 after acquiring an additional 6,067 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of CarMax by 13.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,678 shares of the company’s stock valued at $1,571,000 after acquiring an additional 2,375 shares during the period. Beaumont Asset Management L.L.C. purchased a new position in CarMax in the 2nd quarter worth approximately $520,000. Finally, Teacher Retirement System of Texas purchased a new position in CarMax in the 1st quarter worth approximately $1,753,000.

CarMax Trading Up 1.8%

CarMax stock opened at $45.06 on Tuesday. The firm has a 50 day moving average of $52.84 and a 200 day moving average of $60.25. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 0.84 and a beta of 1.27. CarMax, Inc. has a 12-month low of $42.34 and a 12-month high of $91.25. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 2.87.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 25th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.39). CarMax had a net margin of 1.98% and a return on equity of 8.51%. The company had revenue of $6.59 billion for the quarter, compared to analysts’ expectations of $7.07 billion. During the same period last year, the business earned $0.85 earnings per share. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. As a group, research analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMX. Royal Bank Of Canada cut their price objective on shares of CarMax from $81.00 to $59.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Stephens lowered shares of CarMax from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $42.00 in a report on Tuesday, October 7th. Benchmark reduced their price objective on shares of CarMax from $75.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research report on Tuesday, October 14th. Finally, Wall Street Zen downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.75.

CarMax 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.