Sciencast Management LP purchased a new position in shares of CarMax, Inc (NYSE:KMX) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 21,102 shares of the company’s stock, valued at approximately $1,852,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of KMX. NuWave Investment Management LLC grew its position in CarMax by 466.7% during the 3rd quarter. NuWave Investment Management LLC now owns 425 shares of the company’s stock worth $37,000 after acquiring an additional 350 shares during the last quarter. AdvisorNet Financial Inc grew its position in CarMax by 41.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 563 shares of the company’s stock worth $50,000 after acquiring an additional 165 shares during the last quarter. Capital Investment Advisory Services LLC grew its position in CarMax by 1,397.4% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 584 shares of the company’s stock worth $51,000 after acquiring an additional 545 shares during the last quarter. HM Payson & Co. bought a new position in CarMax during the 2nd quarter worth approximately $52,000. Finally, Allred Capital Management LLC bought a new position in CarMax during the 4th quarter worth approximately $63,000.

CarMax stock opened at $93.35 on Thursday. The firm has a market cap of $15.02 billion, a price-to-earnings ratio of 19.49, a PEG ratio of 1.42 and a beta of 1.13. The stock has a fifty day simple moving average of $93.01 and a two-hundred day simple moving average of $89.82. CarMax, Inc has a 12 month low of $57.95 and a 12 month high of $100.49. The company has a current ratio of 2.43, a quick ratio of 0.54 and a debt-to-equity ratio of 4.07.

CarMax (NYSE:KMX) last posted its earnings results on Friday, December 20th. The company reported $1.04 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.12). CarMax had a return on equity of 24.53% and a net margin of 4.40%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.62 billion. During the same period in the previous year, the business posted $1.09 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that CarMax, Inc will post 5.14 EPS for the current fiscal year.

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price target on CarMax from $107.00 to $112.00 and gave the stock an “overweight” rating in a research report on Monday, December 23rd. Wedbush restated a “neutral” rating and set a $90.00 price target (up from $80.00) on shares of CarMax in a research report on Monday, December 23rd. They noted that the move was a valuation call. Buckingham Research raised their price target on CarMax from $96.00 to $102.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. William Blair restated a “buy” rating on shares of CarMax in a research report on Friday, December 6th. Finally, Oppenheimer raised their price target on CarMax from $100.00 to $118.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $104.35.

CarMax Profile

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.

Featured Article: What are municipal bonds?

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.