LFL Advisers LLC increased its position in CarMax, Inc (NYSE:KMX) by 27.3% in the 4th quarter, Holdings Channel reports. The fund owned 210,000 shares of the company’s stock after purchasing an additional 45,000 shares during the period. CarMax accounts for about 12.9% of LFL Advisers LLC’s holdings, making the stock its 3rd biggest position. LFL Advisers LLC’s holdings in CarMax were worth $13,467,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Cerebellum GP LLC bought a new stake in shares of CarMax during the 4th quarter valued at about $121,000. Tredje AP fonden bought a new stake in shares of CarMax during the 3rd quarter valued at about $144,000. QS Investors LLC boosted its position in shares of CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after acquiring an additional 22 shares during the last quarter. Commerce Bank bought a new stake in shares of CarMax during the 3rd quarter valued at about $203,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new stake in shares of CarMax during the 3rd quarter valued at about $206,000.
CarMax, Inc (KMX) opened at $64.43 on Tuesday. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. The company has a market capitalization of $11,652.03, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 1.13 and a beta of 1.53. CarMax, Inc has a 12 month low of $54.29 and a 12 month high of $77.64.
CarMax (NYSE:KMX) last announced its quarterly 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 company 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%. CarMax’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.72 earnings per share. equities analysts predict that CarMax, Inc will post 3.84 earnings per share for the current fiscal year.
In other news, EVP Eric M. Margolin sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $71.78, for a total transaction of $1,435,600.00. Following the transaction, the executive vice president now directly owns 41,051 shares of the company’s stock, valued at $2,946,640.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Darren C. Newberry sold 6,584 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total value of $478,064.24. The disclosure for this sale can be found here. Insiders have sold 74,584 shares of company stock worth $5,155,424 over the last three months. Insiders own 1.90% of the company’s stock.
A number of analysts have recently issued reports on KMX shares. Northcoast Research upgraded CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday, November 22nd. Credit Suisse Group upgraded CarMax to a “buy” rating and set a $83.00 target price for the company in a research report on Monday, December 25th. Wedbush set a $81.00 target price on CarMax and gave the stock a “buy” rating in a research report on Thursday, December 28th. Finally, Berenberg Bank upgraded CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Monday, January 8th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. CarMax presently has a consensus rating of “Buy” and a consensus price target of $79.68.
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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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