Oregon Public Employees Retirement Fund Has $1.30 Million Stock Position in CarMax, Inc. $KMX

Oregon Public Employees Retirement Fund lifted its stake in CarMax, Inc. (NYSE:KMX) by 95.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,600 shares of the company’s stock after purchasing an additional 16,380 shares during the period. Oregon Public Employees Retirement Fund’s holdings in CarMax were worth $1,298,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in KMX. Arrowstreet Capital Limited Partnership lifted its stake in CarMax by 73.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after buying an additional 1,494,205 shares during the period. Vulcan Value Partners LLC boosted its holdings in CarMax by 135.2% during the third quarter. Vulcan Value Partners LLC now owns 2,328,120 shares of the company’s stock worth $104,569,000 after buying an additional 1,338,134 shares during the last quarter. Hawk Ridge Capital Management LP acquired a new position in shares of CarMax during the 3rd quarter worth about $43,702,000. Dimensional Fund Advisors LP grew its position in shares of CarMax by 33.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock worth $165,358,000 after buying an additional 918,553 shares during the period. Finally, Worldquant Millennium Advisors LLC increased its stake in shares of CarMax by 222.2% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 853,964 shares of the company’s stock valued at $57,395,000 after acquiring an additional 588,901 shares during the last quarter.

Wall Street Analysts Forecast Growth

KMX has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on shares of CarMax from $28.00 to $35.00 and gave the company an “underweight” rating in a research report on Wednesday, April 15th. Wall Street Zen cut shares of CarMax from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Argus upgraded shares of CarMax to a “hold” rating in a report on Thursday, April 16th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $41.00 target price on shares of CarMax in a report on Wednesday, April 15th. Finally, Bank of America started coverage on shares of CarMax in a research report on Wednesday, April 15th. They set an “underperform” rating and a $40.00 price target on the stock. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average price target of $41.21.

CarMax Stock Performance

Shares of KMX stock opened at $36.99 on Monday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $71.99. The company’s 50 day moving average price is $41.01 and its two-hundred day moving average price is $41.17. The company has a market capitalization of $5.25 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.12. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. On average, analysts expect that CarMax, Inc. will post 2.3 earnings per share for the current fiscal year.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.