Wedbush Securities Inc. trimmed its holdings in shares of CarMax, Inc (NYSE:KMX) by 23.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,079 shares of the company’s stock after selling 1,833 shares during the quarter. Wedbush Securities Inc.’s holdings in CarMax were worth $390,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Prudential Financial Inc. lifted its position in shares of 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 purchasing an additional 15,545 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of CarMax in the third quarter valued at about $1,445,000. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of CarMax by 10.5% in the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 33,909 shares of the company’s stock valued at $2,175,000 after acquiring an additional 3,210 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of CarMax by 1.9% in the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock valued at $33,008,000 after acquiring an additional 8,205 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in shares of CarMax by 6.4% in the third quarter. Aperio Group LLC now owns 79,277 shares of the company’s stock valued at $6,010,000 after acquiring an additional 4,767 shares in the last quarter.
Several analysts recently weighed in on the company. Credit Suisse Group decreased their price objective on CarMax from $83.00 to $71.54 and set an “outperform” rating for the company in a report on Friday, January 26th. Oppenheimer upgraded CarMax from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $80.00 to $88.00 in a report on Thursday, January 18th. Wood & Company upgraded CarMax from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $80.00 to $88.00 in a report on Thursday, January 18th. UBS Group upgraded CarMax from a “market perform” rating to an “outperform” rating in a report on Thursday, January 18th. Finally, Wedbush restated an “outperform” rating and issued a $81.00 price objective on shares of CarMax in a report on Wednesday, January 10th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $79.68.
CarMax, Inc (KMX) opened at $61.04 on Friday. The company has a market cap of $11,028.10, a PE ratio of 16.36, a price-to-earnings-growth ratio of 1.07 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 announced its earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. equities analysts predict that CarMax, Inc will post 3.84 EPS for the current fiscal year.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $61.92, for a total value of $495,360.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Darren C. Newberry sold 6,584 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total transaction of $478,064.24. The disclosure for this sale can be found here. Insiders sold 74,584 shares of company stock valued at $5,155,424 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.
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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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