Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in CarMax, Inc (NYSE:KMX) by 22.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,489 shares of the company’s stock after selling 4,152 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CarMax were worth $1,082,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of CarMax by 266.0% in the 3rd quarter. CWM LLC now owns 1,442 shares of the company’s stock valued at $108,000 after purchasing an additional 1,048 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of CarMax in the 3rd quarter valued at approximately $123,000. JNBA Financial Advisors boosted its stake in shares of CarMax by 3,526.9% in the 3rd quarter. JNBA Financial Advisors now owns 1,886 shares of the company’s stock valued at $141,000 after purchasing an additional 1,834 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of CarMax in the 2nd quarter valued at approximately $149,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of CarMax by 57.7% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock valued at $149,000 after purchasing an additional 750 shares in the last quarter.
NYSE:KMX opened at $66.09 on Friday. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.52 and a current ratio of 2.35. CarMax, Inc has a one year low of $57.05 and a one year high of $81.67. The company has a market cap of $11.29 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 0.94 and a beta of 1.62.
CarMax (NYSE:KMX) last posted its earnings results on Wednesday, September 26th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.22 by $0.02. CarMax had a net margin of 4.12% and a return on equity of 22.26%. The business had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.65 billion. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, analysts expect that CarMax, Inc will post 4.64 earnings per share for the current fiscal year.
In other CarMax news, SVP Jon G. Daniels sold 16,325 shares of the firm’s stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $70.88, for a total transaction of $1,157,116.00. Following the completion of the transaction, the senior vice president now owns 16,325 shares in the company, valued at approximately $1,157,116. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mohammad Shamim sold 34,142 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $74.16, for a total transaction of $2,531,970.72. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by company insiders.
A number of equities research analysts have recently weighed in on KMX shares. Morgan Stanley set a $89.00 price target on shares of CarMax and gave the company a “buy” rating in a research note on Wednesday, August 29th. Zacks Investment Research downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research note on Monday, October 1st. Wedbush set a $87.00 price target on shares of CarMax and gave the company a “buy” rating in a research note on Thursday, September 27th. Robert W. Baird upgraded shares of CarMax from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 27th. Finally, ValuEngine downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. CarMax has a consensus rating of “Buy” and an average price target of $83.93.
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CarMax Company Profile
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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