William Blair Investment Management LLC lessened its holdings in CarMax, Inc (NYSE:KMX) by 33.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 826,058 shares of the company’s stock after selling 419,671 shares during the period. William Blair Investment Management LLC owned about 0.46% of CarMax worth $52,975,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of CarMax in the 4th quarter worth approximately $121,000. Tredje AP fonden bought a new position in shares of CarMax in the 3rd quarter worth approximately $144,000. Captrust Financial Advisors bought a new position in shares of CarMax in the 4th quarter worth approximately $134,000. Prime Capital Investment Advisors LLC bought a new position in shares of CarMax in the 4th quarter worth approximately $156,000. Finally, Virtue Capital Management LLC bought a new position in shares of CarMax in the 4th quarter worth approximately $169,000.
Shares of CarMax, Inc (NYSE KMX) opened at $60.00 on Friday. The stock has a market cap of $11,123.95, a P/E ratio of 16.09, a P/E/G ratio of 0.94 and a beta of 1.61. CarMax, Inc has a fifty-two week low of $54.29 and a fifty-two week high of $77.64. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83.
CarMax (NYSE:KMX) last released its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (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 firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the company posted $0.72 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. analysts predict that CarMax, Inc will post 3.82 earnings per share for the current fiscal year.
In other CarMax news, SVP Darren C. Newberry sold 6,584 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total transaction of $478,064.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $61.92, for a total transaction of $495,360.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,584 shares of company stock valued at $4,065,664. Insiders own 1.70% of the company’s stock.
Several brokerages have recently weighed in on KMX. Wedbush set a $75.00 price objective on shares of CarMax and gave the stock a “buy” rating in a research note on Friday, March 16th. Credit Suisse Group set a $78.00 price objective on shares of CarMax and gave the stock a “buy” rating in a research note on Tuesday, March 13th. Susquehanna Bancshares set a $68.00 target price on shares of CarMax and gave the stock a “hold” rating in a report on Monday, January 1st. Zacks Investment Research lowered shares of CarMax from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. Finally, Wood & Company raised shares of CarMax from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $80.00 to $88.00 in a 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 stock. CarMax currently has a consensus rating of “Buy” and a consensus target price of $79.71.
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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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