Bard Financial Services Inc. Trims Stock Position in CarMax, Inc. (NYSE:KMX)

Bard Financial Services Inc. lessened its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,050 shares of the company’s stock after selling 1,260 shares during the period. Bard Financial Services Inc.’s holdings in CarMax were worth $3,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp increased its holdings in CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after buying an additional 36,959 shares in the last quarter. Janus Henderson Group PLC increased its holdings in CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock valued at $359,216,000 after buying an additional 28,466 shares in the last quarter. Geode Capital Management LLC increased its holdings in CarMax by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after buying an additional 14,903 shares in the last quarter. First Pacific Advisors LP increased its holdings in CarMax by 2.0% in the second quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock valued at $175,005,000 after buying an additional 47,184 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in CarMax by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after buying an additional 51,397 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have weighed in on KMX. BNP Paribas raised shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. 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. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Stephens initiated coverage on shares of CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Finally, 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. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average price target of $81.00.

CarMax Stock Performance

Shares of KMX stock opened at $87.96 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 52 week low of $65.38 and a 52 week high of $88.22. The stock has a market capitalization of $13.63 billion, a PE ratio of 32.35, a P/E/G ratio of 1.75 and a beta of 1.71. The firm has a 50 day moving average of $77.06 and a two-hundred day moving average of $76.89.

CarMax (NYSE:KMX) last issued its quarterly 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). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the business earned $0.75 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, research analysts predict that CarMax, Inc. will post 2.99 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.