Elo Mutual Pension Insurance Co increased its stake in shares of CarMax, Inc. (NYSE:KMX) by 2.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,837 shares of the company’s stock after buying an additional 243 shares during the period. Elo Mutual Pension Insurance Co’s holdings in CarMax were worth $1,570,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of KMX. First Trust Advisors LP lifted its position in CarMax by 0.3% during the 1st quarter. First Trust Advisors LP now owns 65,476 shares of the company’s stock worth $4,570,000 after buying an additional 167 shares in the last quarter. California Public Employees Retirement System lifted its position in CarMax by 4.7% during the 4th quarter. California Public Employees Retirement System now owns 391,317 shares of the company’s stock valued at $36,964,000 after purchasing an additional 17,692 shares during the period. Treasurer of the State of North Carolina lifted its position in CarMax by 0.4% during the 4th quarter. Treasurer of the State of North Carolina now owns 62,372 shares of the company’s stock valued at $5,892,000 after purchasing an additional 220 shares during the period. Daiwa Securities Group Inc. lifted its position in CarMax by 187.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 22,962 shares of the company’s stock valued at $2,169,000 after purchasing an additional 14,967 shares during the period. Finally, Maryland State Retirement & Pension System acquired a new position in CarMax during the 4th quarter valued at about $317,000. Institutional investors and hedge funds own 93.26% of the company’s stock.
KMX has been the topic of a number of research reports. Stephens upped their target price on shares of CarMax from $130.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, April 5th. Oppenheimer upped their target price on shares of CarMax from $130.00 to $153.00 and gave the company an “outperform” rating in a research report on Friday, April 9th. Royal Bank of Canada upped their target price on shares of CarMax from $140.00 to $148.00 and gave the company an “outperform” rating in a research report on Monday, April 5th. Wedbush reaffirmed a “neutral” rating and issued a $130.00 price target (down from $155.00) on shares of CarMax in a research note on Tuesday, May 25th. Finally, Robert W. Baird upped their price target on CarMax from $110.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 5th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $123.50.
NYSE KMX opened at $115.00 on Friday. The business’s 50 day simple moving average is $124.32. CarMax, Inc. has a 52-week low of $84.70 and a 52-week high of $138.77. The company has a current ratio of 2.42, a quick ratio of 0.56 and a debt-to-equity ratio of 3.35. The company has a market cap of $18.76 billion, a PE ratio of 25.50, a price-to-earnings-growth ratio of 1.29 and a beta of 1.65.
CarMax (NYSE:KMX) last posted its earnings results on Wednesday, March 31st. The company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.01. CarMax had a return on equity of 19.42% and a net margin of 3.94%. The business had revenue of $5.16 billion during the quarter, compared to analysts’ expectations of $5.17 billion. During the same period in the prior year, the business earned $1.30 EPS. CarMax’s revenue for the quarter was up 4.1% compared to the same quarter last year. Analysts anticipate that CarMax, Inc. will post 5.84 EPS for the current fiscal year.
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; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions.
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