Check Capital Management Inc. CA Has $47.56 Million Stock Position in CarMax, Inc. (NYSE:KMX)

Check Capital Management Inc. CA trimmed its position in CarMax, Inc. (NYSE:KMX) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 614,589 shares of the company’s stock after selling 2,074 shares during the period. CarMax makes up approximately 1.5% of Check Capital Management Inc. CA’s holdings, making the stock its 10th biggest holding. Check Capital Management Inc. CA’s holdings in CarMax were worth $47,557,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. First Community Trust NA acquired a new stake in CarMax in the second quarter worth $29,000. Quarry LP boosted its holdings in shares of CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the period. Catalyst Capital Advisors LLC bought a new stake in shares of CarMax during the third quarter worth $32,000. Blue Trust Inc. raised its holdings in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares during the period. Finally, Studio Investment Management LLC lifted its position in CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after acquiring an additional 334 shares in the last quarter.

Analyst Ratings Changes

KMX has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their price target on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Truist Financial increased their price objective on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Evercore ISI lifted their target price on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research report on Thursday, October 17th. Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Four research 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $79.73.

CarMax Price Performance

NYSE:KMX opened at $78.21 on Friday. The company has a market cap of $12.12 billion, a P/E ratio of 29.40, a P/E/G ratio of 1.58 and a beta of 1.68. The firm’s fifty day moving average price is $75.21 and its two-hundred day moving average price is $75.33. CarMax, Inc. has a one year low of $62.76 and a one year high of $88.22. 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 quarterly earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company 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%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. Equities analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current 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.