Jefferies Financial Group Inc. Sells 13,668 Shares of CarMax, Inc. $KMX

Jefferies Financial Group Inc. trimmed its position in CarMax, Inc. (NYSE:KMX) by 29.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,311 shares of the company’s stock after selling 13,668 shares during the quarter. Jefferies Financial Group Inc.’s holdings in CarMax were worth $1,287,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in KMX. Arrowstreet Capital Limited Partnership increased its stake in CarMax by 73.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after acquiring an additional 1,494,205 shares during the last quarter. Vulcan Value Partners LLC increased its stake in CarMax by 135.2% in the third quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock valued at $104,569,000 after acquiring an additional 1,338,134 shares during the last quarter. Hawk Ridge Capital Management LP bought a new position in CarMax in the third quarter valued at approximately $43,702,000. Dimensional Fund Advisors LP increased its stake in CarMax by 33.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock valued at $165,358,000 after acquiring an additional 918,553 shares during the last quarter. Finally, Worldquant Millennium Advisors LLC increased its stake in CarMax by 222.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 853,964 shares of the company’s stock valued at $57,395,000 after acquiring an additional 588,901 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on KMX. Barclays decreased their target price on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a research note on Thursday, April 16th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $41.00 target price on shares of CarMax in a research note on Wednesday, April 15th. Stephens boosted their target price on shares of CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 2nd. UBS Group began coverage on shares of CarMax in a research note on Wednesday. They set a “neutral” rating and a $42.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, CarMax currently has an average rating of “Reduce” and an average price target of $41.27.

CarMax Stock Performance

Shares of CarMax stock opened at $43.83 on Friday. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $71.99. The stock has a market cap of $6.22 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 1.60 and a beta of 1.19. The company’s fifty day moving average is $40.59 and its 200 day moving average is $41.17.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The company had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. CarMax’s revenue for the quarter was down 1.0% on a year-over-year basis. Sell-side analysts forecast that CarMax, Inc. will post 2.3 EPS for the current year.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.