Biglari Sardar Has $2.37 Million Position in CarMax, Inc. (NYSE:KMX)

Biglari Sardar grew its stake in shares of CarMax, Inc. (NYSE:KMX) by 24.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,600 shares of the company’s stock after buying an additional 6,000 shares during the period. CarMax makes up 5.0% of Biglari Sardar’s portfolio, making the stock its 9th biggest position. Biglari Sardar’s holdings in CarMax were worth $2,368,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of KMX. Paloma Partners Management Co bought a new position in CarMax during the third quarter worth about $394,000. True Wealth Design LLC grew its position in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares during the period. Semmax Financial Advisors Inc. increased its stake in CarMax by 6.2% during the 3rd quarter. Semmax Financial Advisors Inc. now owns 38,575 shares of the company’s stock worth $2,958,000 after purchasing an additional 2,244 shares in the last quarter. PDT Partners LLC acquired a new stake in CarMax during the 3rd quarter worth approximately $1,617,000. Finally, Icon Wealth Advisors LLC lifted its stake in CarMax by 5.0% in the third quarter. Icon Wealth Advisors LLC now owns 7,566 shares of the company’s stock valued at $585,000 after buying an additional 359 shares in the last quarter.

Analyst Upgrades and Downgrades

KMX has been the subject of several research reports. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price target on shares of CarMax in a report on Wednesday, October 16th. Oppenheimer reiterated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. boosted their target price on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, CarMax presently has an average rating of “Hold” and a consensus price target of $79.73.

CarMax Price Performance

NYSE:KMX opened at $83.97 on Monday. CarMax, Inc. has a one year low of $62.90 and a one year high of $88.22. The company has a market cap of $13.01 billion, a P/E ratio of 31.57, a P/E/G ratio of 1.71 and a beta of 1.68. The firm’s fifty day moving average price is $75.93 and its two-hundred day moving average price is $76.20. 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 posted 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 firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. CarMax’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.75 EPS. Equities analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current year.

CarMax Profile

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.