Ellington Management Group LLC bought a new stake in shares of CarMax, Inc (NYSE:KMX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,100 shares of the company’s stock, valued at approximately $327,000.
A number of other hedge funds also recently bought and sold shares of KMX. OppenheimerFunds Inc. grew its holdings in CarMax by 11,777.3% during the 4th quarter. OppenheimerFunds Inc. now owns 3,854,895 shares of the company’s stock valued at $247,214,000 after buying an additional 3,822,439 shares in the last quarter. Mar Vista Investment Partners LLC purchased a new position in CarMax during the 4th quarter valued at about $38,803,000. Sirios Capital Management L P grew its holdings in CarMax by 81.5% during the 4th quarter. Sirios Capital Management L P now owns 1,216,018 shares of the company’s stock valued at $77,983,000 after buying an additional 546,024 shares in the last quarter. Calamos Advisors LLC grew its holdings in CarMax by 851.9% during the 4th quarter. Calamos Advisors LLC now owns 517,649 shares of the company’s stock valued at $33,197,000 after buying an additional 463,268 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in shares of CarMax during the fourth quarter worth about $24,791,000.
Shares of CarMax, Inc (NYSE:KMX) opened at $62.87 on Friday. The firm has a market capitalization of $11,243.31, a P/E ratio of 16.86, a P/E/G ratio of 0.95 and a beta of 1.61. CarMax, Inc has a 12-month low of $54.29 and a 12-month high of $77.64. 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 (NYSE:KMX) last released its earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. analysts expect that CarMax, Inc will post 3.82 earnings per share for the current fiscal year.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $72.40, for a total value of $579,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sold 58,584 shares of company stock valued at $4,065,664 in the last quarter. Corporate insiders own 1.70% of the company’s stock.
Several research analysts have recently commented on KMX shares. Northcoast Research raised CarMax from a “neutral” rating to a “buy” rating in a report on Thursday, December 14th. Credit Suisse Group raised CarMax to a “buy” rating and set a $83.00 price objective for the company in a report on Monday, December 25th. 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 report on Wednesday, November 22nd. Wedbush set a $81.00 price objective on CarMax and gave the stock a “buy” rating in a report on Thursday, December 28th. Finally, Berenberg Bank raised CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a report on Monday, January 8th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $79.71.
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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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