Geode Capital Management LLC Buys 14,903 Shares of CarMax, Inc. (NYSE:KMX)

Geode Capital Management LLC lifted its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,663,209 shares of the company's stock after buying an additional 14,903 shares during the period. Geode Capital Management LLC owned about 2.36% of CarMax worth $282,479,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company's stock valued at $27,188,000 after buying an additional 10,898 shares during the last quarter. Eagle Rock Investment Company LLC acquired a new stake in shares of CarMax in the third quarter valued at about $747,000. iSAM Funds UK Ltd acquired a new stake in shares of CarMax in the third quarter valued at about $537,000. Centiva Capital LP bought a new stake in CarMax during the third quarter worth about $559,000. Finally, Dimensional Fund Advisors LP boosted its position in CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company's stock valued at $147,230,000 after purchasing an additional 51,397 shares during the last quarter.

Analyst Ratings Changes

KMX has been the topic of several recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. BNP Paribas upgraded shares of CarMax to a "strong sell" rating in a report on Friday, September 27th. Stephens started coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an "equal weight" rating and a $86.00 price target for the company. Needham & Company LLC restated a "buy" rating and set a $90.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Finally, Evercore ISI upped their target price on shares of CarMax from $81.00 to $83.00 and gave the company an "in-line" rating in a report on Tuesday, December 3rd. Four analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $81.00.

CarMax Stock Performance

Shares of NYSE:KMX traded down $0.52 during trading on Friday, reaching $86.26. 1,331,248 shares of the stock were exchanged, compared to its average volume of 1,905,826. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $88.22. The stock has a 50-day moving average price of $77.81 and a 200-day moving average price of $77.27. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm has a market cap of $13.36 billion, a PE ratio of 32.43, a PEG ratio of 1.76 and a beta of 1.71.

CarMax (NYSE:KMX - Get Free Report) last issued its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business's quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. Research analysts expect that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.