State of Wyoming acquired a new position in shares of CarMax, Inc. (NYSE:KMX – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 22,064 shares of the company’s stock, valued at approximately $1,216,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Jupiter Topco LLC purchased a new stake in CarMax in the second quarter valued at approximately $245,676,000. Primecap Management Co. CA acquired a new position in CarMax during the second quarter worth $230,548,000. The Manufacturers Life Insurance Company acquired a new position in CarMax during the second quarter worth $128,001,000. Canada Pension Plan Investment Board acquired a new stake in shares of CarMax in the second quarter valued at $115,465,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of CarMax in the first quarter valued at $48,634,000.
Wall Street Analyst Weigh In
Several research firms recently issued reports on KMX. Barclays boosted their price objective on CarMax from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Wednesday, September 30th. Wall Street Zen cut CarMax from a “buy” rating to a “hold” rating in a report on Saturday. Stephens lifted their target price on CarMax from $66.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, September 25th. Royal Bank Of Canada lifted their target price on CarMax from $45.00 to $56.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of CarMax from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.85.
View Our Latest Stock Analysis on CarMax
CarMax Price Performance
CarMax stock opened at $55.62 on Friday. The firm has a market cap of $7.89 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 1.55 and a beta of 1.23. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $65.28. The company has a quick ratio of 0.57, a current ratio of 2.33 and a debt-to-equity ratio of 2.66. The company’s 50 day moving average is $57.09 and its two-hundred day moving average is $49.47.
CarMax (NYSE:KMX – Get Free Report) last issued its quarterly earnings results on Tuesday, September 29th. The company reported $1.16 EPS for the quarter, beating the consensus estimate of $0.73 by $0.43. The company had revenue of $7.88 billion during the quarter, compared to analysts’ expectations of $7.09 billion. CarMax had a net margin of 1.06% and a return on equity of 7.76%. The firm’s revenue was up 19.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.64 EPS. On average, research analysts expect that CarMax, Inc. will post 3.15 EPS for the current fiscal year.
About CarMax
CarMax, Inc is a specialty retailer of used vehicles and operates one of the largest used-car sales networks in the United States. The company sells a broad selection of pre-owned cars, trucks and SUVs through its retail stores and online platform, offering customers tools for vehicle search, appraisal, financing and purchase.
CarMax also operates a vehicle appraisal and acquisition business, buying vehicles from consumers and other sources for resale through its retail or wholesale channels.
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