Fox Run Management L.L.C. Has $671,000 Holdings in CarMax, Inc. $KMX

Fox Run Management L.L.C. lessened its position in CarMax, Inc. (NYSE:KMX) by 46.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,950 shares of the company’s stock after selling 13,122 shares during the quarter. Fox Run Management L.L.C.’s holdings in CarMax were worth $671,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KMX. Norges Bank acquired a new stake in CarMax during the 2nd quarter valued at $208,144,000. AQR Capital Management LLC boosted its position in shares of CarMax by 195.3% in the second quarter. AQR Capital Management LLC now owns 4,457,340 shares of the company’s stock worth $298,107,000 after buying an additional 2,947,996 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of CarMax by 1,410.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,028,718 shares of the company’s stock valued at $136,350,000 after buying an additional 1,894,408 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in CarMax by 795.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,846,406 shares of the company’s stock valued at $124,097,000 after buying an additional 1,640,219 shares during the period. Finally, Vulcan Value Partners LLC lifted its stake in CarMax by 135.2% in the 3rd quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock worth $104,569,000 after acquiring an additional 1,338,134 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Benchmark restated a “hold” rating on shares of CarMax in a research report on Tuesday, December 16th. Wedbush reduced their price target on shares of CarMax from $40.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Evercore set a $42.00 price target on shares of CarMax in a report on Tuesday, February 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research note on Friday, January 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of CarMax in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $39.21.

CarMax Trading Up 0.5%

Shares of NYSE KMX opened at $43.09 on Friday. The business has a 50 day simple moving average of $43.77 and a 200 day simple moving average of $45.84. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $84.49. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.04 and a beta of 1.35. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.51 and a current ratio of 1.99.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. The firm had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company’s revenue for the quarter was down 6.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 earnings per share. On average, research analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal 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.