Sciencast Management LP lifted its stake in shares of CarMax, Inc (NYSE:KMX) by 66.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,155 shares of the company’s stock after purchasing an additional 2,868 shares during the quarter. Sciencast Management LP’s holdings in CarMax were worth $507,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in shares of CarMax during the fourth quarter valued at about $121,000. Tredje AP fonden bought a new stake in shares of CarMax during the third quarter valued at about $144,000. Captrust Financial Advisors bought a new stake in shares of CarMax during the fourth quarter valued at about $134,000. Prime Capital Investment Advisors LLC bought a new stake in shares of CarMax during the fourth quarter valued at about $156,000. Finally, Virtue Capital Management LLC bought a new stake in shares of CarMax during the fourth quarter valued at about $169,000.
A number of equities research analysts recently weighed in on KMX shares. Credit Suisse Group upgraded shares of CarMax to a “buy” rating and set a $83.00 price objective on the stock in a research note on Monday, December 25th. Deutsche Bank cut shares of CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective on the stock. in a research note on Friday, November 17th. UBS Group upgraded shares of CarMax from a “market perform” rating to an “outperform” rating in a research note on Thursday, January 18th. Northcoast Research upgraded shares of CarMax from a “neutral” rating to a “buy” rating in a research note on Thursday, December 14th. Finally, Berenberg Bank upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Monday, January 8th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. CarMax currently has an average rating of “Buy” and a consensus target price of $79.71.
In related news, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $64.04, for a total value of $512,320.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Darren C. Newberry sold 6,584 shares of CarMax stock in a transaction dated 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 sold a total of 58,584 shares of company stock worth $4,065,664 in the last three months. 1.70% of the stock is currently owned by company insiders.
Shares of CarMax, Inc (NYSE KMX) opened at $62.17 on Friday. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. CarMax, Inc has a 1 year low of $54.29 and a 1 year high of $77.64. The company has a market cap of $11,357.25, a PE ratio of 16.67, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. CarMax’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.72 earnings per share. equities analysts anticipate that CarMax, Inc will post 3.82 EPS for the current year.
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CarMax Company Profile
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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