Radnor Capital Management LLC Lowers Position in CarMax, Inc. (NYSE:KMX)

Radnor Capital Management LLC reduced its stake in CarMax, Inc. (NYSE:KMX) by 4.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 6,070 shares of the company’s stock after selling 300 shares during the period. Radnor Capital Management LLC’s holdings in CarMax were worth $529,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale raised its stake in shares of CarMax by 7.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 29,113 shares of the company’s stock valued at $2,003,000 after acquiring an additional 1,971 shares during the period. Envestnet Portfolio Solutions Inc. acquired a new position in CarMax during the third quarter worth $1,445,000. Dark Forest Capital Management LP purchased a new position in shares of CarMax during the third quarter worth $542,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of CarMax by 7.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 138,579 shares of the company’s stock valued at $9,802,000 after buying an additional 9,820 shares in the last quarter. Finally, Mariner LLC lifted its stake in CarMax by 7.9% during the 3rd quarter. Mariner LLC now owns 14,478 shares of the company’s stock worth $1,024,000 after acquiring an additional 1,062 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on KMX. Needham & Company LLC cut their price target on shares of CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $83.00 target price on shares of CarMax in a research note on Monday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research report on Monday, April 15th. Mizuho cut their price objective on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $75.83.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at $485,110.81. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.66% of the company’s stock.

CarMax Trading Up 0.4 %

KMX opened at $71.63 on Monday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The company has a market cap of $11.27 billion, a P/E ratio of 23.64, a PEG ratio of 1.40 and a beta of 1.69. The business’s 50-day simple moving average is $70.25 and its 200-day simple moving average is $73.88.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the prior year, the company posted $1.16 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. As a group, equities research analysts expect that CarMax, Inc. will post 3.06 EPS for the current fiscal year.

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.