Global X Management Co. LLC increased its stake in shares of CarMax, Inc (NYSE:KMX) by 142.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,275 shares of the company’s stock after acquiring an additional 6,624 shares during the quarter. Global X Management Co. LLC’s holdings in CarMax were worth $723,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Prudential Financial Inc. increased its position in CarMax by 6.1% during the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after acquiring an additional 15,545 shares during the period. Magnetar Financial LLC bought a new position in CarMax during the third quarter worth $1,445,000. Leith Wheeler Investment Counsel Ltd. increased its position in CarMax by 10.5% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 33,909 shares of the company’s stock worth $2,175,000 after acquiring an additional 3,210 shares during the period. California Public Employees Retirement System increased its position in CarMax by 1.9% during the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after acquiring an additional 8,205 shares during the period. Finally, Aperio Group LLC increased its position in CarMax by 6.4% during the third quarter. Aperio Group LLC now owns 79,277 shares of the company’s stock worth $6,010,000 after acquiring an additional 4,767 shares during the period.
Shares of CarMax, Inc (NYSE:KMX) opened at $63.31 on Wednesday. The stock has a market cap of $11,652.03, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 1.13 and a beta of 1.53. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. CarMax, Inc has a fifty-two week low of $54.29 and a fifty-two week high of $77.64.
CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the previous year, the company posted $0.72 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities research analysts forecast that CarMax, Inc will post 3.84 earnings per share for the current fiscal year.
In other news, SVP Darren C. Newberry sold 6,584 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total value of $478,064.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $61.92, for a total transaction of $495,360.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,584 shares of company stock worth $5,155,424. 1.90% of the stock is owned by insiders.
A number of equities analysts recently issued reports on KMX shares. Northcoast Research raised shares of CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 target price on the stock in a research report on Wednesday, November 22nd. Credit Suisse Group raised shares of CarMax to a “buy” rating and set a $83.00 price target on the stock in a report on Monday, December 25th. Wedbush set a $81.00 price target on shares of CarMax and gave the company a “buy” rating in a report on Thursday, December 28th. Finally, Berenberg Bank raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Monday, January 8th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.68.
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CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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