CarMax, Inc. $KMX Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in CarMax, Inc. (NYSE:KMX) by 69.6% during the second quarter, HoldingsChannel reports. The firm owned 38,156 shares of the company’s stock after purchasing an additional 15,661 shares during the quarter. Teacher Retirement System of Texas’ holdings in CarMax were worth $2,564,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of KMX. Fuller & Thaler Asset Management Inc. increased its holdings in shares of CarMax by 626.1% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 903,024 shares of the company’s stock valued at $70,364,000 after purchasing an additional 778,652 shares during the period. Nuveen LLC acquired a new position in CarMax during the first quarter worth $33,872,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in CarMax during the first quarter worth $16,370,000. Wellington Management Group LLP grew its holdings in CarMax by 34.2% during the first quarter. Wellington Management Group LLP now owns 815,461 shares of the company’s stock worth $63,541,000 after acquiring an additional 207,665 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in CarMax by 7.1% during the first quarter. Baird Financial Group Inc. now owns 3,093,632 shares of the company’s stock worth $241,056,000 after acquiring an additional 206,106 shares during the period.

CarMax Stock Up 0.3%

CarMax stock opened at $41.98 on Monday. 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 market capitalization of $6.16 billion, a price-to-earnings ratio of 12.31, a price-to-earnings-growth ratio of 0.81 and a beta of 1.27. CarMax, Inc. has a fifty-two week low of $41.13 and a fifty-two week high of $91.25. The stock’s fifty day moving average is $51.55 and its two-hundred day moving average is $59.53.

CarMax (NYSE:KMX) last posted its 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 firm 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 revenue for the quarter was down 6.0% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. Analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on KMX. Truist Financial dropped their price objective on CarMax from $74.00 to $47.00 and set a “hold” rating on the stock in a report on Friday, September 26th. Zacks Research lowered CarMax from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Royal Bank Of Canada dropped their price objective on CarMax from $81.00 to $59.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Seaport Res Ptn lowered CarMax from a “strong-buy” rating to a “hold” rating in a report on Sunday, September 28th. Finally, Wedbush reaffirmed a “neutral” rating and set a $54.00 price objective on shares of CarMax in a report on Thursday, October 16th. One investment 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $51.75.

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.