Geode Capital Management LLC lifted its holdings in CarMax, Inc (NYSE:KMX) by 3.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,853,499 shares of the company’s stock after purchasing an additional 53,620 shares during the quarter. Geode Capital Management LLC’s holdings in CarMax were worth $118,604,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in shares of CarMax in the 4th quarter worth $121,000. Tredje AP fonden acquired a new stake in shares of CarMax in the 3rd quarter worth $144,000. Commerce Bank acquired a new stake in shares of CarMax in the 3rd quarter worth $203,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of CarMax in the 3rd quarter worth $206,000. Finally, IBM Retirement Fund acquired a new stake in shares of CarMax in the 3rd quarter worth $208,000. 99.91% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the company. Wedbush reissued an “outperform” rating and issued a $81.00 price objective on shares of CarMax in a research report on Wednesday, January 10th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, November 22nd. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Susquehanna Bancshares set a $68.00 price objective on CarMax and gave the stock a “hold” rating in a research report on Monday, January 1st. Finally, TheStreet cut CarMax from a “b-” rating to a “c+” rating in a research report on Thursday, February 22nd. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. CarMax presently has a consensus rating of “Buy” and an average price target of $79.68.
CarMax, Inc (NYSE:KMX) opened at $62.43 on Friday. The stock has a market capitalization of $11,290.34, a price-to-earnings ratio of 16.74, a P/E/G ratio of 0.95 and a beta of 1.61. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. CarMax, Inc has a 52 week low of $54.29 and a 52 week high of $77.64.
CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The business’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.72 EPS. analysts forecast that CarMax, Inc will post 3.82 earnings per share for the current fiscal year.
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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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