Gilbert & Cook Inc. Lowers Holdings in CarMax, Inc. (NYSE:KMX)

Gilbert & Cook Inc. trimmed its holdings in CarMax, Inc. (NYSE:KMX) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,270 shares of the company’s stock after selling 339 shares during the period. Gilbert & Cook Inc.’s holdings in CarMax were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in KMX. Vulcan Value Partners LLC lifted its position in shares of 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 acquiring an additional 1,369,986 shares in the last quarter. Epoch Investment Partners Inc. lifted its position 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 valued at $51,949,000 after acquiring an additional 577,685 shares in the last quarter. Marshall Wace LLP lifted its position 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 valued at $85,118,000 after acquiring an additional 541,967 shares in the last quarter. AQR Capital Management LLC lifted its position 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 valued at $35,851,000 after acquiring an additional 332,574 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of CarMax by 110.0% in the second quarter. Natixis Advisors LLC now owns 563,608 shares of the company’s stock valued at $41,335,000 after acquiring an additional 295,271 shares in the last quarter.

CarMax Stock Down 0.2 %

Shares of NYSE KMX opened at $78.03 on Friday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The firm has a market capitalization of $12.09 billion, a price-to-earnings ratio of 29.33, a PEG ratio of 1.59 and a beta of 1.68. The stock has a 50 day moving average price of $75.18 and a 200 day moving average price of $75.44. CarMax, Inc. has a 52-week low of $62.76 and a 52-week high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings results 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). The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 EPS. Sell-side analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $82.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of CarMax in a research report on Wednesday, October 16th. StockNews.com upgraded CarMax to a “sell” rating in a research report on Friday, July 26th. Finally, Evercore ISI boosted their target price on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus target price of $79.73.

About CarMax

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.