Cwm LLC lifted its holdings in shares of CarMax, Inc (NYSE:KMX) by 266.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,442 shares of the company’s stock after purchasing an additional 1,048 shares during the period. Cwm LLC’s holdings in CarMax were worth $108,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP lifted its stake in shares of CarMax by 11.5% during the third quarter. First Trust Advisors LP now owns 88,211 shares of the company’s stock valued at $6,587,000 after acquiring an additional 9,113 shares during the period. Howland Capital Management LLC lifted its stake in shares of CarMax by 0.6% during the third quarter. Howland Capital Management LLC now owns 304,283 shares of the company’s stock valued at $22,721,000 after acquiring an additional 1,823 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of CarMax during the third quarter valued at $1,235,000. Leith Wheeler Investment Counsel Ltd. lifted its stake in shares of CarMax by 3.1% during the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 59,189 shares of the company’s stock valued at $4,420,000 after acquiring an additional 1,790 shares during the period. Finally, Calamos Advisors LLC lifted its stake in shares of CarMax by 12.4% during the third quarter. Calamos Advisors LLC now owns 819,393 shares of the company’s stock valued at $61,184,000 after acquiring an additional 90,107 shares during the period.
Several brokerages have recently issued reports on KMX. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Tuesday, July 10th. Wolfe Research began coverage on CarMax in a research note on Tuesday, October 2nd. They set a “peer perform” rating on the stock. Wedbush set a $87.00 price target on CarMax and gave the company a “buy” rating in a research note on Thursday, September 27th. ValuEngine lowered CarMax from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Finally, Robert W. Baird raised CarMax from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 27th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. CarMax has a consensus rating of “Buy” and an average target price of $83.93.
NYSE:KMX opened at $70.46 on Wednesday. CarMax, Inc has a 1-year low of $57.05 and a 1-year high of $81.67. The company has a current ratio of 2.35, a quick ratio of 0.52 and a debt-to-equity ratio of 3.78. The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.13 and a beta of 1.62.
CarMax (NYSE:KMX) last released its earnings results on Wednesday, September 26th. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.02. CarMax had a return on equity of 22.26% and a net margin of 4.12%. The firm had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that CarMax, Inc will post 4.65 EPS for the current year.
In other CarMax news, SVP Mohammad Shamim sold 34,142 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $74.16, for a total value of $2,531,970.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 16,325 shares of the stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $70.88, for a total value of $1,157,116.00. Following the completion of the transaction, the senior vice president now directly owns 16,325 shares in the company, valued at approximately $1,157,116. The disclosure for this sale can be found here. Insiders sold 52,298 shares of company stock worth $3,824,215 in the last three months. Insiders own 1.97% of the company’s stock.
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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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