Vulcan Value Partners LLC Raises Position in CarMax, Inc. $KMX

Vulcan Value Partners LLC lifted its stake in CarMax, Inc. (NYSE:KMX) by 25.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,928,832 shares of the company’s stock after acquiring an additional 600,712 shares during the quarter. CarMax comprises approximately 2.0% of Vulcan Value Partners LLC’s portfolio, making the stock its 14th largest position. Vulcan Value Partners LLC’s holdings in CarMax were worth $113,210,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of KMX. Arrowstreet Capital Limited Partnership boosted its position in shares of CarMax by 73.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock worth $158,074,000 after buying an additional 1,494,205 shares during the period. Hawk Ridge Capital Management LP purchased a new stake in shares of CarMax in the third quarter worth about $43,702,000. Dimensional Fund Advisors LP boosted its position in shares of CarMax by 33.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock worth $165,358,000 after buying an additional 918,553 shares during the period. Worldquant Millennium Advisors LLC boosted its position in shares of CarMax by 222.2% in the second quarter. Worldquant Millennium Advisors LLC now owns 853,964 shares of the company’s stock worth $57,395,000 after buying an additional 588,901 shares during the period. Finally, Candriam S.C.A. boosted its position in shares of CarMax by 1,916.2% in the third quarter. Candriam S.C.A. now owns 494,079 shares of the company’s stock worth $22,169,000 after buying an additional 469,573 shares during the period.

CarMax Trading Up 3.9%

Shares of NYSE KMX opened at $42.21 on Thursday. The company has a quick ratio of 0.49, a current ratio of 2.20 and a debt-to-equity ratio of 2.93. The stock’s 50 day moving average price is $40.56 and its two-hundred day moving average price is $41.09. The stock has a market capitalization of $5.99 billion, a P/E ratio of 26.38, a PEG ratio of 1.54 and a beta of 1.19. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $71.99.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analysts’ expectations of $5.65 billion. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. On average, analysts anticipate that CarMax, Inc. will post 2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KMX shares. UBS Group started coverage on CarMax in a research note on Wednesday. They issued a “neutral” rating and a $42.00 price target on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research note on Wednesday, April 8th. Wall Street Zen upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. JPMorgan Chase & Co. boosted their price target on CarMax from $28.00 to $35.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 15th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $41.00 price target on shares of CarMax in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $41.27.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.