Gateway Investment Advisers LLC reduced its stake in CarMax, Inc. (NYSE: KMX – Get Rating) by 3.6% in the first quarter, according to Holdings Channel.com. The institutional investor owns 15,804 shares of the company’s shares after selling 593 shares in the quarter. Gateway Investment Advisers LLC owned CarMax at $ 1,525,000 at the end of the last quarter.
A number of other institutional investors and hedge funds have also recently changed their holdings in KMX. Capital Research Global Investors increased its stake in CarMax by 246.3% in the fourth quarter. Capital Research Global Investors already owns 5,916,243 shares of the company’s stock worth $ 770,472,000 after buying an additional 4,207,817 shares in the last quarter. Caledonia Private Investments Pty Ltd increased its stake in CarMax by 24.9% in the fourth quarter. Caledonia Private Investments Pty Ltd already owns 2,306,124 shares of the company’s shares worth $ 300,327,000 after buying an additional 460,010 shares in the last quarter. Marshall Wace LLP increased its stake in CarMax by 121.7% in the 4th quarter. Marshall Wace LLP now owns 511,359 shares of the company’s stock worth $ 66,594,000 after buying an additional 280,673 shares in the last quarter. Adage Capital Partners GP LLC bought a new position in CarMax shares in the 4th quarter worth about $ 29,002,000. Finally, State Street Corp increased its stake in CarMax by 3.1% in the fourth quarter. State Street Corp. now owns 6,556,838 shares of the company’s stock worth $ 853,897,000 after buying an additional 196,926 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s shares.
KMX has been the subject of several recent analyst reports. Needham & Company LLC began covering CarMax in a report on Monday, May 2nd. They set a share retention rating. Bank of America lowered CarMax’s rating from “buy” to “neutral” and lowered its price target for the company from $ 195.00 to $ 165.00 in a report on Wednesday, April 6. TheStreet downgraded CarMax from “b-” to “c +” in a report on Tuesday, April 12. Robert W. Baird reduced his target price for CarMax from $ 140.00 to $ 120.00 in a research note on Wednesday, April 13th. Finally, JPMorgan Chase & Co. reduced its target price for CarMax from $ 110.00 to $ 105.00 in a research note on Tuesday, June 7. One investment analyst rated the shares with a sell rating, five issued a hold rating, and eight gave a stock buy rating. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buying” and an average target price of $ 132.70.
NYSE: KMX opened at $ 98.36 on Friday. The company has a market capitalization of $ 15.79 billion, a price-to-earnings ratio of 14.13, a price-to-earnings ratio of 0.96 and a beta of 1.42. CarMax, Inc. has a twelve-month low of $ 84.37 and a twelve-month high of $ 155.98. The 50-day moving average share price is $ 93.21, and its two-day moving average price is $ 104.99. The company has a fast ratio of 0.70, a current ratio of 3.20 and a debt to equity ratio of 3.47.
CarMax (NYSE: KMX – Get Rating) last released its quarterly earnings results on Tuesday, April 12th. The company reported earnings of $ 0.98 per share for the quarter, lacking a consensus estimate of $ 1.28 s ($ 0.30). The company had revenue of $ 7.69 billion for the quarter, compared to analysts’ estimates of $ 7.58 billion. CarMax had a return on equity of 22.74% and a net profit of 3.61%. The company’s revenue for the quarter increased by 48.8% compared to the same quarter last year. During the same period last year, the company earned $ 1.27 EPS. As a group, analysts expect CarMax, Inc. will report 6.15 earnings per share for the current year.
Company profile CarMax (Get a rating)
CarMax, Inc., along with its subsidiaries, operates as a used car retailer in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a variety of makes and models of used vehicles, including domestic, imported and luxury vehicles, as well as hybrid and electric vehicles; and extended plans to protect customers at the time of sale; and sell vehicles that are approximately 10 years old and have more than 100,000 miles through wholesale auctions.
Want to see what other hedge funds hold KMX? Visit HoldingsChannel.com to receive the latest 13F orders and domestic deals for CarMax, Inc. (NYSE: KMX – Get rating).
Receive news and reviews for CarMax Daily – Enter your email address below to receive a brief daily summary of the latest news and analyst ratings for CarMax and related companies with the FREE Daily Newsletter on MarketBeat.com.