Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in CarMax, Inc (NYSE:KMX) by 13.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,088 shares of the company’s stock after buying an additional 4,001 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in CarMax were worth $2,887,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lenox Wealth Management Inc. acquired a new stake in shares of CarMax in the fourth quarter valued at $26,000. NuWave Investment Management LLC grew its stake in shares of CarMax by 466.7% in the third quarter. NuWave Investment Management LLC now owns 425 shares of the company’s stock valued at $37,000 after buying an additional 350 shares in the last quarter. Sugarloaf Wealth Management LLC acquired a new stake in shares of CarMax in the fourth quarter valued at $49,000. AdvisorNet Financial Inc grew its stake in shares of CarMax by 41.5% in the third quarter. AdvisorNet Financial Inc now owns 563 shares of the company’s stock valued at $50,000 after buying an additional 165 shares in the last quarter. Finally, Capital Investment Advisory Services LLC grew its stake in shares of CarMax by 1,397.4% in the third quarter. Capital Investment Advisory Services LLC now owns 584 shares of the company’s stock valued at $51,000 after buying an additional 545 shares in the last quarter.
A number of equities research analysts have recently weighed in on the company. Stephens reaffirmed a “buy” rating and issued a $115.00 price objective on shares of CarMax in a research note on Thursday, January 2nd. Argus lifted their target price on CarMax from $100.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, December 26th. Oppenheimer lifted their target price on CarMax from $100.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, December 16th. ValuEngine lowered CarMax from a “hold” rating to a “sell” rating in a report on Friday, January 3rd. Finally, Credit Suisse Group lifted their target price on CarMax from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $104.35.
NYSE:KMX opened at $98.81 on Friday. The firm has a market cap of $16.16 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.59 and a beta of 1.10. The stock has a fifty day moving average price of $93.63 and a 200 day moving average price of $91.23. CarMax, Inc has a 12-month low of $58.19 and a 12-month high of $100.49. The company has a current ratio of 2.43, a quick ratio of 0.54 and a debt-to-equity ratio of 4.07.
CarMax (NYSE:KMX) last released its earnings results on Friday, December 20th. The company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.12). The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $4.62 billion. CarMax had a net margin of 4.40% and a return on equity of 24.53%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the business posted $1.09 earnings per share. Equities analysts forecast that CarMax, Inc will post 5.14 EPS for the current year.
In other CarMax news, EVP Thomas W. Reedy, Jr. sold 29,550 shares of CarMax stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $96.87, for a total transaction of $2,862,508.50. Following the completion of the sale, the executive vice president now directly owns 31,970 shares of the company’s stock, valued at approximately $3,096,933.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.09% of the company’s stock.
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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