Los Angeles Capital Management & Equity Research Inc. increased its holdings in shares of CarMax, Inc (NYSE:KMX) by 295.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,650 shares of the company’s stock after purchasing an additional 7,960 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in CarMax were worth $668,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Centerstone Investors LLC purchased a new position in shares of CarMax in the 4th quarter valued at about $2,231,000. Tocqueville Asset Management L.P. increased its holdings in shares of CarMax by 21.1% in the 4th quarter. Tocqueville Asset Management L.P. now owns 17,824 shares of the company’s stock valued at $1,118,000 after purchasing an additional 3,100 shares in the last quarter. Pearl River Capital LLC purchased a new position in shares of CarMax in the 4th quarter valued at about $70,000. New York State Common Retirement Fund increased its holdings in shares of CarMax by 3.7% in the 4th quarter. New York State Common Retirement Fund now owns 401,550 shares of the company’s stock valued at $25,189,000 after purchasing an additional 14,350 shares in the last quarter. Finally, Norinchukin Bank The increased its holdings in shares of CarMax by 40.9% in the 4th quarter. Norinchukin Bank The now owns 31,989 shares of the company’s stock valued at $2,007,000 after purchasing an additional 9,279 shares in the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.
NYSE:KMX opened at $60.87 on Thursday. The company has a quick ratio of 0.52, a current ratio of 2.50 and a debt-to-equity ratio of 3.93. CarMax, Inc has a twelve month low of $55.24 and a twelve month high of $81.67. The stock has a market cap of $10.37 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 0.85 and a beta of 1.26.
CarMax (NYSE:KMX) last posted its earnings results on Friday, December 21st. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the firm posted $0.81 EPS. The firm’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, research analysts forecast that CarMax, Inc will post 4.72 EPS for the current year.
KMX has been the subject of a number of research analyst reports. Wedbush downgraded shares of CarMax from an “outperform” rating to a “neutral” rating and cut their price target for the company from $70.00 to $60.00 in a report on Friday, January 18th. Oppenheimer reiterated a “buy” rating on shares of CarMax in a report on Thursday, December 20th. ValuEngine downgraded shares of CarMax from a “hold” rating to a “sell” rating in a report on Friday, November 16th. Guggenheim upgraded shares of CarMax from a “neutral” rating to a “buy” rating in a report on Monday, December 24th. Finally, Buckingham Research upgraded shares of CarMax from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $81.00.
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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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