Holocene Advisors LP lifted its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 740.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 946,931 shares of the company's stock after acquiring an additional 834,232 shares during the period. Holocene Advisors LP owned approximately 0.61% of CarMax worth $73,274,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Tidal Investments LLC acquired a new position in shares of CarMax in the 1st quarter valued at approximately $382,000. Virtu Financial LLC acquired a new position in CarMax during the first quarter worth $255,000. Cetera Investment Advisers raised its holdings in CarMax by 942.3% during the first quarter. Cetera Investment Advisers now owns 125,790 shares of the company's stock worth $10,958,000 after buying an additional 113,721 shares during the last quarter. Cetera Advisors LLC grew its stake in shares of CarMax by 48.7% in the 1st quarter. Cetera Advisors LLC now owns 9,178 shares of the company's stock worth $799,000 after acquiring an additional 3,004 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of CarMax by 1.6% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 31,039 shares of the company's stock worth $2,682,000 after acquiring an additional 498 shares in the last quarter.
Wall Street Analysts Forecast Growth
KMX has been the subject of several research reports. BNP Paribas upgraded shares of CarMax to a "strong sell" rating in a research report on Friday, September 27th. Wedbush reiterated an "outperform" rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Evercore ISI boosted their price objective on shares of CarMax from $81.00 to $83.00 and gave the stock an "in-line" rating in a report on Tuesday. Oppenheimer restated an "outperform" rating and issued a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CarMax from $55.00 to $65.00 and gave the stock an "underweight" rating in a research note on Thursday, September 19th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CarMax has a consensus rating of "Hold" and a consensus target price of $80.09.
Check Out Our Latest Stock Analysis on CarMax
CarMax Price Performance
NYSE KMX traded up $1.07 during mid-day trading on Tuesday, hitting $84.25. The stock had a trading volume of 1,700,858 shares, compared to its average volume of 1,897,911. CarMax, Inc. has a 52-week low of $64.72 and a 52-week high of $88.22. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 31.45, a P/E/G ratio of 1.71 and a beta of 1.71. The company has a 50 day simple moving average of $76.06 and a 200 day simple moving average of $76.28. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93.
CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion during the quarter, compared to analysts' expectations of $6.83 billion. During the same period in the previous year, the company earned $0.75 EPS. CarMax's quarterly revenue was down .9% on a year-over-year basis. Equities analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal year.
About CarMax
(
Free Report)
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.
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