OLD National Bancorp IN Buys 3,629 Shares of CarMax, Inc. $KMX

OLD National Bancorp IN increased its stake in shares of CarMax, Inc. (NYSE:KMX) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 197,045 shares of the company’s stock after acquiring an additional 3,629 shares during the quarter. OLD National Bancorp IN owned approximately 0.13% of CarMax worth $13,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the business. Baird Financial Group Inc. grew its position in shares of CarMax by 7.1% in the 1st quarter. Baird Financial Group Inc. now owns 3,093,632 shares of the company’s stock worth $241,056,000 after buying an additional 206,106 shares during the last quarter. Invesco Ltd. grew its position in shares of CarMax by 4.9% in the 1st quarter. Invesco Ltd. now owns 2,863,594 shares of the company’s stock worth $223,131,000 after buying an additional 133,629 shares during the last quarter. First Pacific Advisors LP grew its position in shares of CarMax by 0.8% in the 1st quarter. First Pacific Advisors LP now owns 2,415,974 shares of the company’s stock worth $188,253,000 after buying an additional 18,912 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of CarMax by 1.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,521,704 shares of the company’s stock worth $118,571,000 after buying an additional 20,800 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of CarMax by 7.8% in the 1st quarter. AQR Capital Management LLC now owns 1,509,344 shares of the company’s stock worth $115,887,000 after buying an additional 109,332 shares during the last quarter.

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on CarMax from $80.00 to $56.00 and set an “overweight” rating on the stock in a research report on Wednesday. Zacks Research lowered CarMax from a “hold” rating to a “strong sell” rating in a research report on Thursday. Oppenheimer restated a “market perform” rating on shares of CarMax in a research note on Friday, September 26th. Wall Street Zen cut CarMax from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Robert W. Baird lowered their target price on CarMax from $90.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.58.

CarMax Trading Up 0.8%

KMX opened at $46.42 on Friday. The stock has a market cap of $6.82 billion, a PE ratio of 13.61, a PEG ratio of 0.87 and a beta of 1.27. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 2.87. The business has a 50 day moving average of $56.99 and a 200-day moving average of $63.90. CarMax, Inc. has a 52 week low of $42.75 and a 52 week high of $91.25.

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). The company had revenue of $6.59 billion for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.85 EPS. Equities research analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

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.