Arizona State Retirement System Lowers Holdings in CarMax, Inc (KMX)

Arizona State Retirement System lessened its stake in CarMax, Inc (NYSE:KMX) by 18.0% in the 4th quarter, HoldingsChannel reports. The fund owned 35,879 shares of the company’s stock after selling 7,876 shares during the quarter. Arizona State Retirement System’s holdings in CarMax were worth $2,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMX. Deutsche Bank AG increased its position in CarMax by 141.9% in the 3rd quarter. Deutsche Bank AG now owns 597,039 shares of the company’s stock valued at $44,572,000 after acquiring an additional 350,274 shares in the last quarter. Blair William & Co. IL increased its position in CarMax by 30.2% in the 3rd quarter. Blair William & Co. IL now owns 1,085,489 shares of the company’s stock valued at $81,053,000 after acquiring an additional 251,554 shares in the last quarter. Canada Pension Plan Investment Board increased its position in CarMax by 193.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 378,860 shares of the company’s stock valued at $28,289,000 after acquiring an additional 249,775 shares in the last quarter. Epoch Investment Partners Inc. increased its position in CarMax by 28.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 911,528 shares of the company’s stock valued at $68,063,000 after acquiring an additional 202,366 shares in the last quarter. Finally, Vantis Investment Advisers L.P. acquired a new stake in CarMax in the 3rd quarter valued at about $10,932,000.

Shares of NYSE:KMX opened at $60.69 on Tuesday. CarMax, Inc has a one year low of $55.24 and a one year high of $81.67. The company has a quick ratio of 0.52, a current ratio of 2.50 and a debt-to-equity ratio of 3.93. The company has a market cap of $10.27 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.91 and a beta of 1.27.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, December 21st. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. CarMax had a net margin of 4.30% and a return on equity of 23.26%. The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter in the previous year, the company earned $0.81 EPS. CarMax’s revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that CarMax, Inc will post 4.72 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on KMX shares. ValuEngine cut shares of CarMax from a “hold” rating to a “sell” rating in a research report on Friday, November 16th. Wedbush set a $87.00 price objective on shares of CarMax and gave the company a “buy” rating in a research report on Friday, December 14th. Royal Bank of Canada lowered their price objective on shares of CarMax to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, December 19th. Oppenheimer restated a “buy” rating on shares of CarMax in a research report on Thursday, December 20th. Finally, Guggenheim upgraded shares of CarMax from a “neutral” rating to a “buy” rating in a research report on Monday, December 24th. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. CarMax presently has a consensus rating of “Buy” and a consensus price target of $81.00.

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About CarMax

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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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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