Creative Planning lifted its position in shares of CarMax, Inc (NYSE:KMX) by 53.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,944 shares of the company’s stock after acquiring an additional 3,832 shares during the quarter. Creative Planning’s holdings in CarMax were worth $687,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Quantamental Technologies LLC purchased a new stake in CarMax in the 4th quarter valued at approximately $27,000. Private Capital Group LLC lifted its stake in shares of CarMax by 35.3% during the 4th quarter. Private Capital Group LLC now owns 721 shares of the company’s stock worth $45,000 after purchasing an additional 188 shares during the period. CWM LLC lifted its stake in shares of CarMax by 266.0% during the 3rd quarter. CWM LLC now owns 1,442 shares of the company’s stock worth $108,000 after purchasing an additional 1,048 shares during the period. JNBA Financial Advisors lifted its stake in shares of CarMax by 3,526.9% during the 3rd quarter. JNBA Financial Advisors now owns 1,886 shares of the company’s stock worth $141,000 after purchasing an additional 1,834 shares during the period. Finally, First Bank & Trust lifted its stake in shares of CarMax by 14.9% during the 4th quarter. First Bank & Trust now owns 2,648 shares of the company’s stock worth $166,000 after purchasing an additional 343 shares during the period.
A number of research analysts have weighed in on the company. ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Wedbush set a $87.00 price target on CarMax and gave the stock a “buy” rating in a research note on Friday, December 14th. Oppenheimer reissued a “buy” rating on shares of CarMax in a research note on Thursday, December 20th. Royal Bank of Canada reduced their price target on CarMax to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 19th. Finally, Buckingham Research raised CarMax from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th. Three investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $81.00.
KMX stock opened at $61.36 on Thursday. The firm has a market cap of $10.41 billion, a PE ratio of 16.58, a PEG ratio of 0.91 and a beta of 1.27. The company has a debt-to-equity ratio of 3.93, a current ratio of 2.50 and a quick ratio of 0.52. CarMax, Inc has a 52 week low of $55.24 and a 52 week high of $81.67.
CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, December 21st. The company reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.33 billion. CarMax had a return on equity of 23.26% and a net margin of 4.30%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.81 EPS. On average, analysts forecast that CarMax, Inc will post 4.72 earnings per share for the current fiscal year.
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CarMax Company Profile
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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