Thrivent Financial for Lutherans Has $482,000 Holdings in CarMax, Inc. $KMX

Thrivent Financial for Lutherans reduced its holdings in CarMax, Inc. (NYSE:KMX) by 59.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,744 shares of the company’s stock after selling 15,486 shares during the period. Thrivent Financial for Lutherans’ holdings in CarMax were worth $482,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Norges Bank acquired a new stake in CarMax during the second quarter valued at approximately $208,144,000. AQR Capital Management LLC increased its stake in shares of CarMax by 195.3% in the 2nd quarter. AQR Capital Management LLC now owns 4,457,340 shares of the company’s stock valued at $298,107,000 after buying an additional 2,947,996 shares during the period. Arrowstreet Capital Limited Partnership increased its position in CarMax by 1,410.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,028,718 shares of the company’s stock worth $136,350,000 after purchasing an additional 1,894,408 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of CarMax by 795.5% during the second quarter. The Manufacturers Life Insurance Company now owns 1,846,406 shares of the company’s stock worth $124,097,000 after buying an additional 1,640,219 shares during the last quarter. Finally, Azora Capital LP bought a new stake in shares of CarMax during the 2nd quarter valued at $45,793,000.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. William Blair lowered shares of CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, November 6th. Mizuho cut their price objective on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. Royal Bank Of Canada increased their price target on CarMax from $34.00 to $37.00 and gave the company a “sector perform” rating in a research report on Friday, December 19th. Wall Street Zen cut shares of CarMax from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research upgraded CarMax from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $40.07.

CarMax Price Performance

Shares of KMX stock opened at $42.32 on Wednesday. The company has a market cap of $6.00 billion, a P/E ratio of 13.97, a P/E/G ratio of 0.99 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $89.47. The business has a fifty day simple moving average of $43.29 and a 200 day simple moving average of $46.38.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The company had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.66 billion. During the same quarter last year, the business posted $0.81 EPS. CarMax’s revenue for the quarter was down 6.9% on a year-over-year basis. On average, sell-side analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.