MML Investors Services LLC raised its holdings in CarMax, Inc (NYSE:KMX) by 92.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,899 shares of the company’s stock after buying an additional 4,753 shares during the quarter. MML Investors Services LLC’s holdings in CarMax were worth $635,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC bought a new stake in CarMax in the 4th quarter valued at $121,000. Tredje AP fonden bought a new stake in shares of CarMax in the 3rd quarter worth about $144,000. Commerce Bank bought a new stake in shares of CarMax in the 3rd quarter worth about $203,000. Dai Ichi Life Insurance Company Ltd bought a new stake in shares of CarMax in the 3rd quarter worth about $206,000. Finally, Sheaff Brock Investment Advisors LLC bought a new stake in shares of CarMax in the 3rd quarter worth about $235,000.
Several research firms have recently weighed in on KMX. Wedbush reaffirmed an “outperform” rating and issued a $81.00 target price on shares of CarMax in a report on Wednesday, January 10th. Credit Suisse Group set a $78.00 target price on shares of CarMax and gave the stock a “buy” rating in a report on Tuesday. 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 report on Wednesday, November 22nd. Oppenheimer reaffirmed a “hold” rating and issued a $80.00 target price on shares of CarMax in a report on Wednesday, December 6th. Finally, UBS raised shares of CarMax from a “market perform” rating to an “outperform” rating in a report on Thursday, January 18th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $79.71.
CarMax, Inc (NYSE KMX) opened at $62.87 on Friday. The stock has a market cap of $11,243.31, a PE ratio of 16.67, a P/E/G ratio of 0.95 and a beta of 1.61. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83. CarMax, Inc has a 52-week low of $54.29 and a 52-week high of $77.64.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $0.72 EPS. analysts forecast that CarMax, Inc will post 3.82 earnings per share for the current year.
In related news, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $64.04, for a total transaction of $512,320.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Darren C. Newberry sold 6,584 shares of the company’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. In the last quarter, insiders have sold 58,584 shares of company stock worth $4,065,664. 1.70% of the stock is owned by corporate insiders.
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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