18,806 Shares in CarMax, Inc. $KMX Acquired by Rockbridge Capital Management LLC

Rockbridge Capital Management LLC purchased a new position in shares of CarMax, Inc. (NYSE:KMX) during the 4th quarter, Holdings Channel.com reports. The firm purchased 18,806 shares of the company’s stock, valued at approximately $727,000. CarMax comprises approximately 0.4% of Rockbridge Capital Management LLC’s investment portfolio, making the stock its 19th largest position.

Several other large investors have also made changes to their positions in KMX. Norges Bank acquired a new stake in shares of CarMax during the 4th quarter worth approximately $159,232,000. Arrowstreet Capital Limited Partnership boosted its position in shares of CarMax by 73.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock worth $158,074,000 after acquiring an additional 1,494,205 shares in the last quarter. Vulcan Value Partners LLC boosted its position in shares of CarMax by 135.2% during the 3rd quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock worth $104,569,000 after acquiring an additional 1,338,134 shares in the last quarter. Hawk Ridge Capital Management LP bought a new position in CarMax in the 3rd quarter valued at approximately $43,702,000. Finally, Dimensional Fund Advisors LP lifted its stake in CarMax by 33.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock valued at $165,358,000 after purchasing an additional 918,553 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on KMX shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $41.00 price objective on shares of CarMax in a research note on Wednesday, April 15th. JPMorgan Chase & Co. increased their price objective on shares of CarMax from $35.00 to $37.00 and gave the company an “underweight” rating in a research note on Thursday. Robert W. Baird increased their price objective on shares of CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Wall Street Zen downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. Finally, Argus raised shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. One analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $41.40.

CarMax Price Performance

KMX stock opened at $51.41 on Friday. The company has a fifty day moving average price of $41.61 and a 200-day moving average price of $42.08. The company has a market capitalization of $7.29 billion, a P/E ratio of 32.13, a PEG ratio of 1.83 and a beta of 1.21. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $71.99. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20.

CarMax (NYSE:KMX) last released its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.58 earnings per share. As a group, equities analysts expect that CarMax, Inc. will post 2.3 EPS for the current year.

CarMax Profile

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.