CarMax, Inc. (NYSE:KMX) Shares Sold by Banyan Capital Management Inc.

Banyan Capital Management Inc. trimmed its position in shares of CarMax, Inc. (NYSE:KMX) by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,591 shares of the company’s stock after selling 1,100 shares during the quarter. CarMax makes up about 5.9% of Banyan Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Banyan Capital Management Inc. owned approximately 0.08% of CarMax worth $10,105,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of CarMax during the 3rd quarter valued at about $350,000. Atlanta Consulting Group Advisors LLC acquired a new stake in shares of CarMax during the 3rd quarter valued at about $222,000. CIBC Asset Management Inc lifted its holdings in CarMax by 7.5% in the 3rd quarter. CIBC Asset Management Inc now owns 22,840 shares of the company’s stock worth $1,767,000 after purchasing an additional 1,589 shares during the last quarter. Parametrica Management Ltd acquired a new stake in CarMax in the 3rd quarter worth approximately $212,000. Finally, MQS Management LLC acquired a new stake in CarMax in the 3rd quarter worth approximately $204,000.

CarMax Stock Performance

Shares of NYSE:KMX opened at $78.03 on Monday. The business’s fifty day moving average price is $75.18 and its two-hundred day moving average price is $75.50. CarMax, Inc. has a fifty-two week low of $62.76 and a fifty-two week high of $88.22. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 29.33, a price-to-earnings-growth ratio of 1.59 and a beta of 1.68. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. As a group, analysts predict that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on KMX. Evercore ISI boosted their target price on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a report on Thursday, October 17th. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, July 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $82.00 price target on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, September 19th. Finally, BNP Paribas upgraded CarMax to a “strong sell” rating in a report on Friday, September 27th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and an average 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.