World Investment Advisors Has $7.30 Million Position in CarMax, Inc. $KMX

World Investment Advisors boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,630 shares of the company’s stock after purchasing an additional 5,261 shares during the period. World Investment Advisors owned about 0.07% of CarMax worth $7,301,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. lifted its holdings in CarMax by 7.1% during the 1st quarter. Baird Financial Group Inc. now owns 3,093,632 shares of the company’s stock valued at $241,056,000 after purchasing an additional 206,106 shares during the last quarter. Invesco Ltd. raised its stake in shares of CarMax by 4.9% in the first quarter. Invesco Ltd. now owns 2,863,594 shares of the company’s stock worth $223,131,000 after acquiring an additional 133,629 shares during the last quarter. First Pacific Advisors LP raised its stake in shares of CarMax by 0.6% in the second quarter. First Pacific Advisors LP now owns 2,431,244 shares of the company’s stock worth $163,404,000 after acquiring an additional 15,270 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of CarMax by 2.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,561,516 shares of the company’s stock worth $104,950,000 after acquiring an additional 39,812 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of CarMax by 7.8% in the first quarter. AQR Capital Management LLC now owns 1,509,344 shares of the company’s stock worth $115,887,000 after acquiring an additional 109,332 shares during the last quarter.

Wall Street Analyst Weigh In

KMX has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research note on Tuesday, October 14th. Stephens downgraded shares of CarMax from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $42.00 in a research note on Tuesday, October 7th. Morgan Stanley dropped their target price on shares of CarMax from $80.00 to $56.00 and set an “overweight” rating for the company in a research note on Wednesday, October 1st. Mizuho dropped their target price on shares of CarMax from $78.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, October 16th. Finally, Wall Street Zen downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.75.

CarMax Stock Down 4.6%

Shares of NYSE KMX opened at $42.42 on Thursday. The stock has a market cap of $6.23 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.85 and a beta of 1.27. CarMax, Inc. has a 52-week low of $42.24 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 2.87, a quick ratio of 1.06 and a current ratio of 2.46. The firm has a 50 day moving average price of $52.23 and a 200 day moving average price of $59.92.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, September 25th. The company reported $0.64 earnings per share 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 analyst estimates of $7.07 billion. CarMax had a net margin of 1.98% and a return on equity of 8.51%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. Analysts expect that CarMax, Inc. will post 3.23 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.