Plato Investment Management Ltd Acquires New Holdings in CarMax, Inc. $KMX

Plato Investment Management Ltd acquired a new stake in CarMax, Inc. (NYSE:KMX) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 12,942 shares of the company’s stock, valued at approximately $867,000.

Several other institutional investors and hedge funds have also modified their holdings of KMX. Zions Bancorporation National Association UT acquired a new position in shares of CarMax in the 1st quarter valued at approximately $27,000. Accent Capital Management LLC acquired a new position in shares of CarMax in the 1st quarter valued at approximately $34,000. Strengthening Families & Communities LLC grew its position in shares of CarMax by 93.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock valued at $39,000 after purchasing an additional 256 shares during the period. Quarry LP grew its position in shares of CarMax by 50.5% in the 1st quarter. Quarry LP now owns 694 shares of the company’s stock valued at $54,000 after purchasing an additional 233 shares during the period. Finally, Blue Trust Inc. grew its position in shares of CarMax by 25.8% in the 2nd quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock valued at $76,000 after purchasing an additional 232 shares during the period.

Analyst Ratings Changes

Several equities analysts recently issued reports on KMX shares. Evercore ISI reiterated an “in-line” rating and issued a $52.00 price objective (down from $80.00) on shares of CarMax in a research report on Friday, September 26th. Benchmark cut their target price on CarMax from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, October 7th. JPMorgan Chase & Co. cut their target price on CarMax from $65.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, September 26th. BNP Paribas Exane cut their target price on CarMax from $52.00 to $35.00 and set an “underperform” rating on the stock in a research note on Friday, September 26th. Finally, Seaport Res Ptn cut CarMax from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.75.

CarMax Trading Up 0.3%

Shares of CarMax stock opened at $41.98 on Monday. CarMax, Inc. has a 12-month low of $41.13 and a 12-month high of $91.25. The stock has a market cap of $6.16 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.81 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’s 50 day moving average is $51.55 and its 200-day moving average is $59.53.

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 return on equity of 8.51% and a net margin of 1.98%.The company had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter in the prior year, the company earned $0.85 EPS. The company’s revenue for the quarter was down 6.0% on a year-over-year basis. Equities research analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal 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.