First Trust Advisors LP decreased its holdings in shares of CarMax, Inc (NYSE:KMX) by 53.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,465 shares of the company’s stock after selling 107,948 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of CarMax worth $6,058,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. lifted its stake in CarMax by 57.9% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 6,564 shares of the company’s stock worth $421,000 after purchasing an additional 2,407 shares during the last quarter. Mar Vista Investment Partners LLC purchased a new stake in CarMax in the fourth quarter valued at approximately $38,803,000. Fenimore Asset Management Inc. lifted its stake in CarMax by 2.1% in the fourth quarter. Fenimore Asset Management Inc. now owns 895,867 shares of the company’s stock valued at $57,452,000 after buying an additional 18,115 shares during the last quarter. California Public Employees Retirement System lifted its stake in CarMax by 3.1% in the fourth quarter. California Public Employees Retirement System now owns 448,825 shares of the company’s stock valued at $28,783,000 after buying an additional 13,420 shares during the last quarter. Finally, M&T Bank Corp lifted its stake in CarMax by 26.8% in the fourth quarter. M&T Bank Corp now owns 70,270 shares of the company’s stock valued at $4,506,000 after buying an additional 14,866 shares during the last quarter.
In related news, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.04, for a total transaction of $512,320.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Darren C. Newberry sold 6,584 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total value of $478,064.24. The disclosure for this sale can be found here. Insiders have sold 66,584 shares of company stock worth $4,605,664 in the last ninety days. 1.90% of the stock is currently owned by corporate insiders.
A number of equities research analysts have weighed in on KMX shares. Wedbush reiterated an “outperform” rating and issued a $81.00 price objective on shares of CarMax in a research note on Friday, December 22nd. Oppenheimer upgraded CarMax from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $80.00 to $88.00 in a research note on Thursday, January 18th. Credit Suisse Group reduced their price objective on CarMax from $83.00 to $71.54 and set an “outperform” rating for the company in a research note on Friday, January 26th. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, Susquehanna Bancshares set a $68.00 price objective on CarMax and gave the company a “hold” rating in a research note on Monday, January 1st. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $80.14.
CarMax, Inc (KMX) traded up $0.18 during trading on Wednesday, hitting $62.80. The stock had a trading volume of 1,652,805 shares, compared to its average volume of 2,251,710. CarMax, Inc has a twelve month low of $54.29 and a twelve month high of $77.64. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. The stock has a market capitalization of $11,302.99, a PE ratio of 16.84, a PEG ratio of 0.95 and a beta of 1.61.
CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter last year, the company earned $0.72 EPS. CarMax’s revenue for the quarter was up 11.0% compared to the same quarter last year. sell-side analysts expect that CarMax, Inc will post 3.82 EPS for the current fiscal year.
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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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