Banyan Capital Management Inc. Sells 1,100 Shares of CarMax, Inc. (NYSE:KMX)

Banyan Capital Management Inc. lessened its position in shares of CarMax, Inc. (NYSE:KMX) by 0.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 130,591 shares of the company’s stock after selling 1,100 shares during the quarter. CarMax accounts for about 5.9% of Banyan Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Banyan Capital Management Inc.’s holdings in CarMax were worth $10,105,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vulcan Value Partners LLC lifted its stake in CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after buying an additional 1,369,986 shares during the period. Epoch Investment Partners Inc. increased its holdings in shares of CarMax by 3,094.0% in the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock worth $51,949,000 after acquiring an additional 577,685 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of CarMax by 87.6% in the second quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock worth $85,118,000 after acquiring an additional 541,967 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of CarMax by 212.8% in the second quarter. AQR Capital Management LLC now owns 488,836 shares of the company’s stock worth $35,851,000 after acquiring an additional 332,574 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of CarMax by 110.0% in the second quarter. Natixis Advisors LLC now owns 563,608 shares of the company’s stock worth $41,335,000 after acquiring an additional 295,271 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Oppenheimer restated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a report on Friday, October 4th. Evercore ISI increased their price target on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. BNP Paribas upgraded CarMax to a “strong sell” rating in a report on Friday, September 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $79.73.

CarMax Stock Down 0.2 %

KMX stock opened at $78.03 on Monday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The business has a 50 day moving average price of $75.18 and a two-hundred day moving average price of $75.50. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 29.33, a P/E/G ratio of 1.59 and a beta of 1.68. CarMax, Inc. has a twelve month low of $62.76 and a twelve month high of $88.22.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. Analysts anticipate that CarMax, Inc. will post 2.99 EPS 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.