Teachers Advisors LLC increased its position in CarMax, Inc (NYSE:KMX) by 98.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 548,607 shares of the company’s stock after buying an additional 272,669 shares during the period. Teachers Advisors LLC owned about 0.30% of CarMax worth $35,182,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of KMX. Cerebellum GP LLC acquired a new position in shares of CarMax in the fourth quarter valued at approximately $121,000. Captrust Financial Advisors acquired a new position in shares of CarMax in the fourth quarter valued at approximately $134,000. Tredje AP fonden acquired a new position in shares of CarMax in the third quarter valued at approximately $144,000. Prime Capital Investment Advisors LLC acquired a new position in shares of CarMax in the fourth quarter valued at approximately $156,000. Finally, Virtue Capital Management LLC acquired a new position in shares of CarMax in the fourth quarter valued at approximately $169,000.
CarMax stock opened at $61.51 on Thursday. CarMax, Inc has a 52-week low of $54.29 and a 52-week high of $77.64. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.51 and a current ratio of 2.70. The company has a market cap of $11,199.91, a P/E ratio of 16.49, a P/E/G ratio of 0.95 and a beta of 1.61.
CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the 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 business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $3.97 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. CarMax’s quarterly revenue was up 11.0% compared to the same quarter last year. equities research analysts expect that CarMax, Inc will post 3.82 EPS for the current fiscal year.
In other CarMax news, EVP Eric M. Margolin sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $71.78, for a total transaction of $1,435,600.00. Following the completion of the sale, the executive vice president now directly owns 41,051 shares in the company, valued at $2,946,640.78. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $64.04, for a total transaction of $512,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,584 shares of company stock valued at $4,065,664. 1.90% of the stock is owned by insiders.
A number of research firms have recently weighed in on KMX. Credit Suisse Group cut their price objective on shares of CarMax from $83.00 to $71.54 and set an “outperform” rating for the company in a research report on Friday, January 26th. Berenberg Bank raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Monday, January 8th. UBS raised shares of CarMax from a “market perform” rating to an “outperform” rating in a research report on Thursday, January 18th. Wood & Company raised shares of CarMax from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $80.00 to $88.00 in a research report on Thursday, January 18th. Finally, Oppenheimer raised shares of CarMax from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $80.00 to $88.00 in a research report on Thursday, January 18th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $79.71.
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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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