Kanawha Capital Management LLC Sells 4,263 Shares of CarMax, Inc. (NYSE:KMX)

Kanawha Capital Management LLC decreased its position in CarMax, Inc. (NYSE:KMX) by 49.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 4,282 shares of the company’s stock after selling 4,263 shares during the quarter. Kanawha Capital Management LLC’s holdings in CarMax were worth $331,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of KMX. First Community Trust NA bought a new stake in shares of CarMax in the second quarter worth $29,000. Quarry LP lifted its position in CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after buying an additional 287 shares during the last quarter. Studio Investment Management LLC grew its holdings in shares of 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. Finally, Headlands Technologies LLC acquired a new stake in shares of CarMax in the first quarter valued at about $55,000.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of analyst reports. Evercore ISI raised their price target on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a research note on Thursday, October 17th. Wedbush restated an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their price target on shares of CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Finally, StockNews.com raised shares of CarMax to a “sell” rating in a report on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $79.73.

CarMax Stock Performance

NYSE:KMX opened at $73.06 on Tuesday. The stock has a 50 day simple moving average of $76.59 and a 200 day simple moving average of $74.96. The stock has a market cap of $11.32 billion, a P/E ratio of 27.47, a PEG ratio of 1.47 and a beta of 1.68. CarMax, Inc. has a 1-year low of $61.73 and a 1-year high of $88.22. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $6.83 billion. During the same period in the previous year, the firm posted $0.75 EPS. The company’s revenue was down .9% compared to the same quarter last year. Research analysts anticipate 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.