CarMax Inc (KMX) Stake Raised by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of CarMax Inc (NYSE:KMX) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,903 shares of the company’s stock after acquiring an additional 1,143 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CarMax were worth $1,130,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Korea Investment CORP raised its stake in CarMax by 140.5% during the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after buying an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue bought a new position in CarMax in the 2nd quarter worth approximately $112,000. Seven Eight Capital LP acquired a new stake in CarMax in the second quarter worth approximately $133,000. YorkBridge Wealth Partners LLC lifted its position in shares of CarMax by 1.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock valued at $149,000 after acquiring an additional 29 shares during the last quarter. Finally, QS Investors LLC lifted 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.
CarMax Inc (NYSE:KMX) traded up $2.33 on Tuesday, hitting $70.71. 2,748,700 shares of the stock traded hands, compared to its average volume of 2,222,086. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33. The firm has a market capitalization of $12,467.72, a PE ratio of 18.79, a PEG ratio of 1.15 and a beta of 1.48. CarMax Inc has a 52 week low of $54.29 and a 52 week high of $77.64.
CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period last year, the firm earned $0.88 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. equities research analysts anticipate that CarMax Inc will post 3.84 EPS for the current fiscal year.
A number of analysts have recently issued reports on the company. UBS lowered CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, October 5th. Oppenheimer downgraded shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 target price on the stock. in a research report on Thursday, October 5th. CIBC reissued a “market perform” rating on shares of CarMax in a research report on Thursday, October 5th. Berenberg Bank assumed coverage on CarMax in a research report on Wednesday, October 4th. They issued a “hold” rating and a $83.00 price target on the stock. Finally, Credit Suisse Group increased their target price on shares of CarMax from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $77.00.
In other news, SVP Mohammad Shamim sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $76.10, for a total value of $98,930.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William R. Tiefel sold 23,000 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The disclosure for this sale can be found here. Insiders sold 625,955 shares of company stock valued at $46,214,378 in the last quarter. Corporate insiders own 1.90% of the company’s stock.
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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