Texas Permanent School Fund Increases Holdings in CarMax, Inc. (NYSE:KMX)

Texas Permanent School Fund grew its holdings in CarMax, Inc. (NYSE:KMX – Get Rating) by 6.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,115 shares of the company’s stock after acquiring an additional 1,285 shares during the period. Texas Permanent School Fund’s holdings in CarMax were worth $1,460,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of CarMax by 1.7% in the first quarter. Vanguard Group Inc. now owns 17,690,606 shares of the company’s stock valued at $1,706,790,000 after acquiring an additional 303,973 shares in the last quarter. Principal Financial Group Inc. grew its holdings in CarMax by 4.6% during the 2nd quarter. Principal Financial Group Inc. now owns 10,389,224 shares of the company’s stock valued at $940,017,000 after buying an additional 455,386 shares in the last quarter. Akre Capital Management LLC grew its holdings in CarMax by 0.7% during the 1st quarter. Akre Capital Management LLC now owns 7,339,952 shares of the company’s stock valued at $708,159,000 after buying an additional 49,780 shares in the last quarter. Capital Research Global Investors grew its holdings in CarMax by 3.4% during the 1st quarter. Capital Research Global Investors now owns 6,118,313 shares of the company’s stock valued at $590,295,000 after buying an additional 202,070 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in CarMax by 8.4% during the 1st quarter. Invesco Ltd. now owns 3,757,420 shares of the company’s stock valued at $362,515,000 after buying an additional 291,804 shares in the last quarter.

CarMax Stock Down 0.8 %

Shares of NYSE KMX opened at $66.88 on Friday. The company has a debt-to-equity ratio of 3.21, a current ratio of 2.57 and a quick ratio of 0.81. The company has a market cap of $10.57 billion, a P/E ratio of 18.73, a PEG ratio of 3.57 and a beta of 1.44. CarMax, Inc. has a 1 year low of $52.10 and a 1 year high of $120.58. The firm has a 50-day simple moving average of $65.22 and a two-hundred day simple moving average of $77.51.

CarMax (NYSE:KMX – Get Rating) last announced its quarterly earnings data on Thursday, December 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.50). The firm had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $7.18 billion. CarMax had a return on equity of 10.69% and a net margin of 1.82%. The firm’s revenue for the quarter was down 23.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.63 EPS. Research analysts anticipate that CarMax, Inc. will post 2.92 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, December 9th. Argus downgraded shares of CarMax from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Evercore ISI lowered their price target on shares of CarMax from $63.00 to $60.00 and set an “in-line” rating for the company in a report on Friday, December 23rd. Stephens lowered their price target on shares of CarMax from $64.00 to $53.00 in a report on Friday, December 23rd. Finally, Wedbush lowered their price target on shares of CarMax from $67.00 to $55.00 in a report on Tuesday, December 20th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, CarMax presently has an average rating of “Hold” and an average target price of $69.40.

CarMax Profile

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CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through 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, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.