Prime Capital Investment Advisors LLC bought a new position in CarMax, Inc (NYSE:KMX) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,440 shares of the company’s stock, valued at approximately $156,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of CarMax by 2.0% in the 4th quarter. BlackRock Inc. now owns 11,271,436 shares of the company’s stock worth $722,837,000 after purchasing an additional 219,452 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of CarMax by 11,777.3% in the 4th quarter. OppenheimerFunds Inc. now owns 3,854,895 shares of the company’s stock worth $247,214,000 after purchasing an additional 3,822,439 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of CarMax by 5.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,289,450 shares of the company’s stock worth $146,823,000 after purchasing an additional 125,941 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CarMax by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,853,499 shares of the company’s stock worth $118,604,000 after purchasing an additional 53,620 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of CarMax by 1.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,391,102 shares of the company’s stock worth $89,212,000 after purchasing an additional 15,329 shares in the last quarter. Institutional investors own 99.91% of the company’s stock.
Several brokerages have weighed in on KMX. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Deutsche Bank cut CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective on the stock. in a research note on Friday, November 17th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Wednesday, November 22nd. Moffett Nathanson began coverage on CarMax in a research note on Monday, December 4th. They set a “neutral” rating on the stock. Finally, Oppenheimer restated a “hold” rating and set a $80.00 price objective on shares of CarMax in a research note on Wednesday, December 6th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. CarMax presently has a consensus rating of “Buy” and an average target price of $79.68.
Shares of CarMax, Inc (NYSE KMX) opened at $62.43 on Friday. The company has a market capitalization of $11,290.34, a price-to-earnings ratio of 16.74, a PEG ratio of 0.95 and a beta of 1.61. CarMax, Inc has a 52 week low of $54.29 and a 52 week high of $77.64. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.51 and a current ratio of 2.70.
CarMax (NYSE:KMX) last released its earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). The business had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. research analysts predict 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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