Elo Mutual Pension Insurance Co grew its position in shares of CarMax, Inc. (NYSE:KMX) by 2.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,837 shares of the company’s stock after purchasing an additional 243 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in CarMax were worth $1,570,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in KMX. Norges Bank acquired a new stake in shares of CarMax during the fourth quarter valued at about $145,181,000. Viking Global Investors LP acquired a new position in shares of CarMax in the fourth quarter worth approximately $75,024,000. Fiera Capital Corp acquired a new position in shares of CarMax in the fourth quarter worth approximately $43,427,000. DF Dent & Co. Inc. lifted its stake in shares of CarMax by 20.0% in the fourth quarter. DF Dent & Co. Inc. now owns 1,934,042 shares of the company’s stock worth $182,690,000 after acquiring an additional 322,692 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of CarMax by 452.1% in the fourth quarter. Renaissance Technologies LLC now owns 309,200 shares of the company’s stock worth $29,207,000 after acquiring an additional 253,200 shares during the period. 93.26% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on KMX shares. Robert W. Baird lifted their price objective on CarMax from $110.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, April 5th. Seaport Global Securities lowered CarMax from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 31st. Stephens lifted their price objective on CarMax from $130.00 to $154.00 and gave the stock an “overweight” rating in a research note on Monday, April 5th. Wedbush reaffirmed a “neutral” rating and issued a $130.00 price objective (down from $155.00) on shares of CarMax in a research note on Tuesday, May 25th. Finally, Royal Bank of Canada boosted their price target on CarMax from $140.00 to $148.00 and gave the company an “outperform” rating in a research note on Monday, April 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $123.50.
NYSE KMX opened at $115.00 on Friday. The company has a market capitalization of $18.76 billion, a P/E ratio of 25.50, a price-to-earnings-growth ratio of 1.29 and a beta of 1.65. CarMax, Inc. has a 52 week low of $84.70 and a 52 week high of $138.77. The firm’s 50 day moving average price is $124.32. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.56 and a current ratio of 2.42.
CarMax (NYSE:KMX) last released its quarterly earnings data on Wednesday, March 31st. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.01. The firm had revenue of $5.16 billion during the quarter, compared to the consensus estimate of $5.17 billion. CarMax had a return on equity of 19.42% and a net margin of 3.94%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 earnings per share. On average, equities analysts expect that CarMax, Inc. will post 5.84 EPS for the current year.
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; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions.
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