Exxonmobil Investment Management Inc. TX decreased its stake in shares of CarMax, Inc (NYSE:KMX) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 28,991 shares of the company’s stock after selling 4,473 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in CarMax were worth $1,859,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Prudential Financial Inc. raised its position in CarMax by 6.1% in the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after acquiring an additional 15,545 shares during the period. Magnetar Financial LLC bought a new position in CarMax in the third quarter worth approximately $1,445,000. Toronto Dominion Bank raised its position in CarMax by 24.2% in the second quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock worth $3,957,000 after acquiring an additional 12,234 shares during the period. California Public Employees Retirement System raised its position in CarMax by 1.9% in the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock worth $33,008,000 after acquiring an additional 8,205 shares during the period. Finally, Aperio Group LLC raised its position in CarMax by 6.4% in the third quarter. Aperio Group LLC now owns 79,277 shares of the company’s stock worth $6,010,000 after acquiring an additional 4,767 shares during the period.
Several research analysts have weighed in on KMX shares. Wedbush reiterated an “outperform” rating and issued a $81.00 price target on shares of CarMax in a research report on Friday, December 22nd. Oppenheimer downgraded shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price target on the stock. in a research report on Thursday, October 5th. CIBC increased their price target on shares of CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 19th. Zacks Investment Research downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Susquehanna Bancshares set a $68.00 price target on shares of CarMax and gave the stock a “hold” rating in a research report on Monday, January 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $77.07.
Shares of CarMax, Inc (NYSE:KMX) opened at $71.33 on Wednesday. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. The stock has a market cap of $13,080.73, a price-to-earnings ratio of 19.12, a PEG ratio of 1.27 and a beta of 1.48. CarMax, Inc has a 52 week low of $54.29 and a 52 week high of $77.64.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.72 earnings per share. research analysts anticipate that CarMax, Inc will post 3.84 EPS for the current year.
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CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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