Schroder Investment Management Group Sells 240 Shares of CarMax, Inc. (NYSE:KMX)

Posted by on Jun 4th, 2023

Schroder Investment Management Group reduced its holdings in shares of CarMax, Inc. (NYSE:KMX – Get Rating) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,456 shares of the company’s stock after selling 240 shares during the quarter. Schroder Investment Management Group’s holdings in CarMax were worth $1,063,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Kinneret Advisory LLC lifted its holdings in CarMax by 2.3% during the first quarter. Kinneret Advisory LLC now owns 5,192 shares of the company’s stock worth $501,000 after acquiring an additional 116 shares during the period. Strengthening Families & Communities LLC lifted its holdings in CarMax by 5.3% during the fourth quarter. Strengthening Families & Communities LLC now owns 2,614 shares of the company’s stock worth $160,000 after acquiring an additional 131 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in CarMax by 1.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 12,323 shares of the company’s stock worth $750,000 after acquiring an additional 163 shares during the period. FSB Premier Wealth Management Inc. lifted its holdings in CarMax by 5.1% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 3,991 shares of the company’s stock worth $243,000 after acquiring an additional 192 shares during the period. Finally, CENTRAL TRUST Co lifted its holdings in CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period.

CarMax Price Performance

CarMax stock opened at $74.66 on Friday. CarMax, Inc. has a 52 week low of $52.10 and a 52 week high of $106.24. The business has a 50-day simple moving average of $68.95 and a 200 day simple moving average of $67.29. The company has a quick ratio of 0.68, a current ratio of 2.60 and a debt-to-equity ratio of 3.17. The stock has a market cap of $11.80 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 2.19 and a beta of 1.42.

CarMax (NYSE:KMX – Get Rating) last posted its earnings results on Tuesday, April 11th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.24 by $0.20. CarMax had a return on equity of 8.85% and a net margin of 1.63%. The business had revenue of $5.72 billion during the quarter, compared to analysts’ expectations of $6.10 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The firm’s revenue was down 25.6% on a year-over-year basis. On average, research analysts forecast that CarMax, Inc. will post 2.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KMX. Bank of America boosted their target price on CarMax from $40.00 to $44.00 and gave the company an “underperform” rating in a research note on Thursday, April 13th. Wedbush boosted their target price on CarMax from $55.00 to $70.00 in a research note on Monday, April 24th. JPMorgan Chase & Co. lowered their target price on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, March 10th. StockNews.com began coverage on CarMax in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Finally, Stephens lowered their target price on CarMax from $53.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Friday, March 31st. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $65.40.

CarMax Company Profile

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CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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