California State Teachers Retirement System decreased its position in shares of CarMax, Inc (NYSE:KMX) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 293,050 shares of the company’s stock after selling 5,297 shares during the quarter. California State Teachers Retirement System owned approximately 0.17% of CarMax worth $18,383,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the business. Private Capital Group LLC grew its holdings in shares of CarMax by 35.3% during the fourth quarter. Private Capital Group LLC now owns 721 shares of the company’s stock worth $45,000 after purchasing an additional 188 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its holdings in shares of CarMax by 0.7% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 37,683 shares of the company’s stock worth $2,364,000 after buying an additional 280 shares during the last quarter. First Bank & Trust grew its holdings in shares of CarMax by 14.9% during the fourth quarter. First Bank & Trust now owns 2,648 shares of the company’s stock worth $166,000 after buying an additional 343 shares during the last quarter. Wedbush Securities Inc. grew its holdings in shares of CarMax by 4.6% during the fourth quarter. Wedbush Securities Inc. now owns 7,823 shares of the company’s stock worth $491,000 after buying an additional 345 shares during the last quarter. Finally, Eqis Capital Management Inc. grew its holdings in shares of CarMax by 3.8% during the fourth quarter. Eqis Capital Management Inc. now owns 10,625 shares of the company’s stock worth $666,000 after buying an additional 386 shares during the last quarter. 99.63% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on KMX. Zacks Investment Research lowered CarMax from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Wedbush lowered CarMax from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $70.00 to $60.00 in a report on Friday, January 18th. Buckingham Research raised CarMax from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Finally, Guggenheim raised CarMax from a “neutral” rating to a “buy” rating in a report on Monday, December 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $81.00.
Shares of KMX opened at $61.06 on Friday. CarMax, Inc has a twelve month low of $55.24 and a twelve month high of $81.67. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 0.85 and a beta of 1.26. The company has a debt-to-equity ratio of 3.93, a quick ratio of 0.52 and a current ratio of 2.50.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, December 21st. The company reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.09. CarMax had a return on equity of 23.26% and a net margin of 4.30%. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. Analysts expect that CarMax, Inc will post 4.72 EPS for the current year.
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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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