Tidal Investments LLC Acquires 7,635 Shares of CarMax, Inc. (NYSE:KMX)

Tidal Investments LLC raised its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 141.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,019 shares of the company's stock after buying an additional 7,635 shares during the quarter. Tidal Investments LLC's holdings in CarMax were worth $1,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new position in CarMax during the third quarter worth $351,000. World Investment Advisors LLC acquired a new stake in shares of CarMax during the third quarter worth approximately $6,942,000. Sanctuary Advisors LLC raised its stake in shares of CarMax by 44.4% in the third quarter. Sanctuary Advisors LLC now owns 16,878 shares of the company's stock valued at $1,377,000 after acquiring an additional 5,188 shares during the last quarter. Virtu Financial LLC bought a new stake in CarMax during the 3rd quarter worth approximately $1,587,000. Finally, Arete Wealth Advisors LLC grew its holdings in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company's stock worth $266,000 after purchasing an additional 141 shares during the last quarter.

Analyst Ratings Changes

KMX has been the subject of several research reports. Royal Bank of Canada lifted their target price on CarMax from $92.00 to $99.00 and gave the company an "overweight" rating in a research note on Thursday. Needham & Company LLC raised their price objective on shares of CarMax from $90.00 to $98.00 and gave the company a "buy" rating in a research note on Friday. Oppenheimer reiterated an "outperform" rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Mizuho raised their price target on CarMax from $72.00 to $80.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Wedbush reissued an "outperform" rating and issued a $95.00 target price on shares of CarMax in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.17.

CarMax Stock Up 0.0 %

Shares of CarMax stock traded up $0.04 on Friday, reaching $84.27. 4,188,560 shares of the company were exchanged, compared to its average volume of 1,945,593. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 1.76 and a beta of 1.71. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25. The company has a 50-day moving average of $78.77 and a 200 day moving average of $77.55.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. On average, equities research analysts forecast that CarMax, Inc. will post 3.01 earnings per share for the current 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.