CarMax, Inc. (NYSE:KMX) Shares Bought by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lifted its holdings in shares of CarMax, Inc. (NYSE:KMXFree Report) by 29.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,683 shares of the company’s stock after acquiring an additional 4,216 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in CarMax were worth $1,434,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP increased its position in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in CarMax in the 4th quarter valued at approximately $37,000. MCF Advisors LLC purchased a new stake in CarMax in the fourth quarter valued at approximately $46,000. Finally, Lindbrook Capital LLC boosted its position in shares of CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after buying an additional 155 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KMX shares. Bank of America boosted their price objective on CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Tuesday, April 9th. StockNews.com raised shares of CarMax to a “sell” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. cut their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research note on Monday, April 15th. Finally, Needham & Company LLC decreased their price target on shares of CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $76.92.

View Our Latest Stock Report on KMX

Insider Buying and Selling

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the sale, the executive vice president now owns 6,977 shares of the company’s stock, valued at $485,110.81. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.66% of the stock is owned by company insiders.

CarMax Price Performance

CarMax stock opened at $68.47 on Tuesday. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The company has a fifty day simple moving average of $71.88 and a 200-day simple moving average of $73.52. The stock has a market cap of $10.78 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 1.33 and a beta of 1.69. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22.

CarMax (NYSE:KMXGet Free Report) last announced its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.44 earnings per share. Equities analysts expect that CarMax, Inc. will post 3.1 EPS for the current fiscal year.

About CarMax

(Free Report)

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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