Pictet Asset Management Ltd. raised its holdings in CarMax, Inc (NYSE:KMX) by 48.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 68,566 shares of the company’s stock after acquiring an additional 22,325 shares during the quarter. Pictet Asset Management Ltd.’s holdings in CarMax were worth $6,034,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in KMX. First Trust Advisors LP lifted its stake in shares of CarMax by 0.3% in the 1st quarter. First Trust Advisors LP now owns 65,476 shares of the company’s stock valued at $4,570,000 after purchasing an additional 167 shares during the period. Commonwealth Equity Services LLC increased its holdings in CarMax by 9.3% in the second quarter. Commonwealth Equity Services LLC now owns 16,747 shares of the company’s stock valued at $1,454,000 after purchasing an additional 1,425 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in CarMax by 239.4% in the second quarter. Robeco Institutional Asset Management B.V. now owns 21,221 shares of the company’s stock valued at $1,841,000 after purchasing an additional 14,969 shares during the last quarter. BB&T Corp lifted its stake in CarMax by 14.9% in the second quarter. BB&T Corp now owns 6,096 shares of the company’s stock valued at $530,000 after buying an additional 791 shares during the period. Finally, FNY Investment Advisers LLC lifted its stake in CarMax by 6,633.3% in the second quarter. FNY Investment Advisers LLC now owns 588 shares of the company’s stock valued at $51,000 after buying an additional 597 shares during the period. 99.66% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Buckingham Research boosted their target price on CarMax from $94.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Stephens increased their price target on shares of CarMax from $95.00 to $103.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Morgan Stanley reduced their price objective on shares of CarMax from $99.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Guggenheim boosted their price objective on shares of CarMax from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, Wedbush upped their target price on shares of CarMax from $80.00 to $98.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. CarMax presently has a consensus rating of “Buy” and a consensus target price of $96.81.

In other CarMax news, SVP Darren C. Newberry sold 24,551 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $90.51, for a total transaction of $2,222,111.01. Following the sale, the senior vice president now directly owns 7,413 shares in the company, valued at approximately $670,950.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.09% of the stock is currently owned by corporate insiders.

NYSE KMX opened at $95.99 on Wednesday. The firm has a market cap of $15.78 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.42 and a quick ratio of 0.56. The stock’s 50-day moving average is $95.72 and its 200-day moving average is $87.24. CarMax, Inc has a one year low of $55.24 and a one year high of $100.49.

CarMax (NYSE:KMX) last released its quarterly earnings data on Tuesday, September 24th. The company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.07. CarMax had a return on equity of 25.50% and a net margin of 4.60%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same quarter in the previous year, the business posted $1.24 EPS. CarMax’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities analysts anticipate that CarMax, Inc will post 5.29 EPS for the current year.

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.

Featured Story: What does a bar chart display?

Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc (NYSE:KMX).

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.