Leith Wheeler Investment Counsel Ltd. Sells 250 Shares of CarMax, Inc. (NYSE:KMX)

Leith Wheeler Investment Counsel Ltd. reduced its position in shares of CarMax, Inc. (NYSE:KMX – Get Rating) by 0.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 112,156 shares of the company’s stock after selling 250 shares during the quarter. CarMax comprises 1.0% of Leith Wheeler Investment Counsel Ltd.’s holdings, making the stock its 25th biggest position. Leith Wheeler Investment Counsel Ltd. owned 0.07% of CarMax worth $6,829,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in CarMax by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,690,606 shares of the company’s stock worth $1,706,790,000 after purchasing an additional 303,973 shares during the last quarter. Akre Capital Management LLC raised its holdings in CarMax by 0.7% during the 1st quarter. Akre Capital Management LLC now owns 7,339,952 shares of the company’s stock worth $708,159,000 after purchasing an additional 49,780 shares during the last quarter. State Street Corp raised its holdings in CarMax by 0.7% during the 3rd quarter. State Street Corp now owns 6,137,852 shares of the company’s stock worth $405,221,000 after purchasing an additional 40,047 shares during the last quarter. Invesco Ltd. raised its holdings in CarMax by 8.4% during the 1st quarter. Invesco Ltd. now owns 3,757,420 shares of the company’s stock worth $362,515,000 after purchasing an additional 291,804 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in CarMax by 29.4% during the 1st quarter. Wellington Management Group LLP now owns 3,548,930 shares of the company’s stock worth $342,400,000 after purchasing an additional 805,438 shares during the last quarter.

CarMax Stock Down 3.8 %

KMX traded down $2.22 during trading hours on Friday, hitting $56.26. 4,569,987 shares of the company’s stock were exchanged, compared to its average volume of 2,056,692. The company has a quick ratio of 0.81, a current ratio of 2.57 and a debt-to-equity ratio of 3.21. CarMax, Inc. has a 1-year low of $52.10 and a 1-year high of $106.24. The stock’s 50-day moving average is $68.87 and its two-hundred day moving average is $68.92. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 7.77 and a beta of 1.43.

CarMax (NYSE:KMX – Get Rating) last issued its quarterly earnings results on Thursday, December 22nd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). CarMax had a return on equity of 10.69% and a net margin of 1.82%. The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $7.18 billion. During the same period last year, the firm earned $1.63 earnings per share. The company’s quarterly revenue was down 23.7% compared to the same quarter last year. Sell-side analysts predict that CarMax, Inc. will post 2.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CarMax news, President & CEO William D. Nash purchased 8,220 shares of the business’s stock in a transaction on Friday, December 30th. The shares were purchased at an average cost of $60.98 per share, with a total value of $501,255.60. Following the transaction, the insider now directly owns 165,128 shares of the company’s stock, valued at approximately $10,069,505.44. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.65% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Morgan Stanley dropped their price objective on CarMax from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Wednesday, December 28th. Robert W. Baird lowered their price target on CarMax from $82.00 to $65.00 in a research note on Friday, December 23rd. JPMorgan Chase & Co. lowered their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, March 10th. Oppenheimer lowered their price target on CarMax from $100.00 to $75.00 and set an “outperform” rating for the company in a research note on Friday, December 23rd. Finally, StockNews.com started coverage on CarMax in a research note on Thursday. They issued a “sell” rating for the company. Three analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, CarMax currently has an average rating of “Hold” and a consensus price target of $62.50.

About CarMax

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CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations.