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

Biglari Sardar lifted its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 24.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,600 shares of the company's stock after buying an additional 6,000 shares during the period. CarMax comprises approximately 5.0% of Biglari Sardar's investment 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 SEC.

A number of other large investors also recently modified their holdings of KMX. Tidal Investments LLC bought a new position in CarMax in the 1st quarter valued at approximately $382,000. Virtu Financial LLC acquired a new position in CarMax in the 1st quarter valued at approximately $255,000. Swedbank AB bought a new position in shares of CarMax during the first quarter valued at $1,406,000. Cetera Investment Advisers lifted its holdings in shares of CarMax by 942.3% during the first quarter. Cetera Investment Advisers now owns 125,790 shares of the company's stock worth $10,958,000 after purchasing an additional 113,721 shares during the period. Finally, Cetera Advisors LLC grew its stake in shares of CarMax by 48.7% in the first quarter. Cetera Advisors LLC now owns 9,178 shares of the company's stock worth $799,000 after purchasing an additional 3,004 shares during the last quarter.

CarMax Stock Down 0.9 %

NYSE KMX traded down $0.79 on Monday, hitting $83.18. 1,537,371 shares of the company were exchanged, compared to its average volume of 1,899,799. CarMax, Inc. has a 12 month low of $64.72 and a 12 month 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. The company has a market cap of $12.89 billion, a PE ratio of 31.44, a PEG ratio of 1.71 and a beta of 1.68. The stock has a fifty day moving average of $75.93 and a 200-day moving average of $76.21.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data 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 return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the company earned $0.75 EPS. CarMax's revenue for the quarter was down .9% compared to the same quarter last year. As a group, analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KMX shares. Truist Financial raised their target price on CarMax from $70.00 to $75.00 and gave the stock a "hold" rating in a research report on Monday, September 23rd. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on CarMax from $55.00 to $65.00 and gave the company an "underweight" rating in a report on Thursday, September 19th. BNP Paribas upgraded shares of CarMax to a "strong sell" rating in a report on Friday, September 27th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $82.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Four equities research 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's stock. According to data from MarketBeat.com, CarMax presently has an average rating of "Hold" and an average target price of $79.73.

CarMax Company 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.