Amalgamated Bank Sells 20,349 Shares of CarMax, Inc. (NYSE:KMX)

Amalgamated Bank lowered its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 39.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,917 shares of the company's stock after selling 20,349 shares during the period. Amalgamated Bank's holdings in CarMax were worth $2,392,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC bought a new stake in CarMax in the third quarter valued at $32,000. Van ECK Associates Corp lifted its position in CarMax by 11.3% during the third quarter. Van ECK Associates Corp now owns 73,715 shares of the company's stock valued at $5,308,000 after buying an additional 7,507 shares during the period. Principal Securities Inc. lifted its position in CarMax by 3.7% during the third quarter. Principal Securities Inc. now owns 72,700 shares of the company's stock valued at $5,625,000 after buying an additional 2,623 shares during the period. Voisard Asset Management Group Inc. lifted its position in CarMax by 43.5% during the third quarter. Voisard Asset Management Group Inc. now owns 1,980 shares of the company's stock valued at $153,000 after buying an additional 600 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its position in CarMax by 32.8% during the third quarter. First Trust Direct Indexing L.P. now owns 5,118 shares of the company's stock valued at $396,000 after buying an additional 1,263 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have commented on KMX. StockNews.com raised CarMax to a "sell" rating in a research report on Friday, July 26th. JPMorgan Chase & Co. raised their price objective on CarMax from $55.00 to $65.00 and gave the company an "underweight" rating in a research report on Thursday, September 19th. Royal Bank of Canada reissued an "outperform" rating and set a $82.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Oppenheimer reissued an "outperform" rating and set a $105.00 price objective on shares of CarMax in a research report on Friday, October 4th. Finally, Evercore ISI lifted their price target on CarMax from $76.00 to $79.00 and gave the stock an "in-line" rating in a research report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $79.73.

CarMax Stock Performance

NYSE:KMX traded up $0.18 during mid-day trading on Tuesday, reaching $76.96. The company's stock had a trading volume of 374,199 shares, compared to its average volume of 1,892,963. CarMax, Inc. has a 12-month low of $62.45 and a 12-month high of $88.22. The firm's fifty day moving average price is $75.47 and its two-hundred day moving average price is $75.24. 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 stock has a market cap of $11.92 billion, a P/E ratio of 28.86, a PEG ratio of 1.54 and a beta of 1.68.

CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share 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 business had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $6.83 billion. During the same period last year, the firm posted $0.75 EPS. CarMax's quarterly revenue was down .9% compared to the same quarter last year. On average, equities analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal 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.