Baillie Gifford & Co. lowered its position in shares of CarMax, Inc (NYSE:KMX) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 461,631 shares of the company’s stock after selling 6,051 shares during the period. Baillie Gifford & Co. owned 0.27% of CarMax worth $28,958,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently made changes to their positions in KMX. Quantamental Technologies LLC bought a new position in CarMax during the 4th quarter worth $27,000. Citizens Financial Group Inc RI bought a new position in CarMax during the 4th quarter worth $33,000. Private Capital Group LLC increased its stake in CarMax by 35.3% during the 4th quarter. Private Capital Group LLC now owns 721 shares of the company’s stock worth $45,000 after acquiring an additional 188 shares during the period. Semmax Financial Advisors Inc. bought a new position in CarMax during the 4th quarter worth $48,000. Finally, Enlightenment Research LLC bought a new position in shares of CarMax in the 4th quarter valued at $50,000. Institutional investors own 99.63% of the company’s stock.
Shares of KMX opened at $60.61 on Friday. The company has a debt-to-equity ratio of 3.93, a quick ratio of 0.52 and a current ratio of 2.50. CarMax, Inc has a 52-week low of $55.24 and a 52-week high of $81.67. The firm has a market capitalization of $10.37 billion, a PE ratio of 16.38, a price-to-earnings-growth ratio of 0.85 and a beta of 1.26.
CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, December 21st. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.00 by $0.09. CarMax had a return on equity of 23.26% and a net margin of 4.30%. The company had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the business posted $0.81 EPS. CarMax’s revenue for the quarter was up 4.6% on a year-over-year basis. Equities research analysts expect that CarMax, Inc will post 4.72 earnings per share for the current year.
Several equities analysts have recently issued reports on the company. ValuEngine upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Wedbush lowered CarMax from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $60.00 in a research note on Friday, January 18th. Buckingham Research upgraded CarMax from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th. Guggenheim upgraded CarMax from a “neutral” rating to a “buy” rating in a research note on Monday, December 24th. Finally, Oppenheimer reiterated a “buy” rating on shares of CarMax in a research note on Thursday, December 20th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $81.00.
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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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