Morningstar Investment Services LLC Boosts Holdings in CarMax, Inc (KMX)
Morningstar Investment Services LLC raised its position in CarMax, Inc (NYSE:KMX) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 326,726 shares of the company’s stock after purchasing an additional 12,318 shares during the period. Morningstar Investment Services LLC owned about 0.19% of CarMax worth $20,496,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of KMX. MML Investors Services LLC boosted its stake in shares of CarMax by 16.7% during the fourth quarter. MML Investors Services LLC now owns 22,686 shares of the company’s stock valued at $1,423,000 after acquiring an additional 3,249 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of CarMax during the fourth quarter valued at $23,619,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in shares of CarMax by 33.5% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 64,900 shares of the company’s stock valued at $4,071,000 after acquiring an additional 16,300 shares during the last quarter. First Foundation Advisors acquired a new stake in shares of CarMax during the fourth quarter valued at $445,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of CarMax during the fourth quarter valued at $17,788,000. 99.63% of the stock is currently owned by institutional investors.
A number of analysts recently commented on KMX shares. Wedbush lowered CarMax from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $70.00 to $60.00 in a research note on Friday, January 18th. Guggenheim raised CarMax from a “neutral” rating to a “buy” rating in a research note on Monday, December 24th. ValuEngine lowered CarMax from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Buckingham Research raised CarMax from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th. Finally, Royal Bank of Canada decreased their price target on CarMax to $67.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $81.00.
CarMax (NYSE:KMX) last announced its earnings results on Friday, December 21st. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.00 by $0.09. The business had revenue of $4.30 billion for the quarter, compared to the consensus estimate of $4.33 billion. CarMax had a return on equity of 23.26% and a net margin of 4.30%. The company’s revenue was up 4.6% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. On average, equities analysts forecast that CarMax, Inc will post 4.72 earnings per share for the current year.
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CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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