Savant Capital LLC Boosts Stake in CarMax, Inc. (NYSE:KMX)

Savant Capital LLC boosted its holdings in CarMax, Inc. (NYSE:KMX) by 154.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,476 shares of the company’s stock after acquiring an additional 6,361 shares during the quarter. Savant Capital LLC’s holdings in CarMax were worth $804,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in shares of CarMax by 674.3% in the 3rd quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock valued at $57,059,000 after purchasing an additional 702,526 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in CarMax by 2,311.1% in the third quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company’s stock valued at $42,697,000 after buying an additional 578,622 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in CarMax by 38.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,161,514 shares of the company’s stock valued at $82,154,000 after buying an additional 323,652 shares in the last quarter. Barclays PLC lifted its position in shares of CarMax by 95.7% during the 3rd quarter. Barclays PLC now owns 589,759 shares of the company’s stock valued at $41,713,000 after acquiring an additional 288,350 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of CarMax by 87.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 474,317 shares of the company’s stock worth $33,548,000 after acquiring an additional 221,588 shares in the last quarter.

CarMax Stock Performance

NYSE:KMX opened at $68.71 on Friday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The firm has a market cap of $10.81 billion, a PE ratio of 22.68, a P/E/G ratio of 1.15 and a beta of 1.64. The firm has a 50 day simple moving average of $77.62 and a 200-day simple moving average of $72.08. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. On average, equities analysts expect that CarMax, Inc. will post 3.27 EPS for the current year.

Analysts Set New Price Targets

KMX has been the subject of several research analyst reports. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Tuesday, April 9th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price target on shares of CarMax in a research note on Tuesday, April 16th. StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Monday, April 22nd. Evercore ISI dropped their target price on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a report on Friday, April 12th. Finally, Needham & Company LLC reduced their price target on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, CarMax currently has an average rating of “Hold” and an average price target of $77.42.

Insider Activity at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.66% of the company’s stock.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company 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.