Redpoint Investment Management Pty Ltd has increased its stakes in CarMax, Inc. (NYSE: KMX – Get Rating) by 40.6% in the first quarter, according to HoldingsChannel. The fund owned 3,343 shares of the company’s shares after acquiring an additional 966 shares during the quarter. Carpoint’s Redpoint Investment Management Pty Ltd held $ 323,000 at the time of its last filing with the Securities and Exchange Commission (SEC).
Other institutional investors also changed their holdings in the company. Cary Street Partners Investment Advisory LLC increased its position in CarMax shares by 0.9% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 9,990 shares of the company’s shares worth $ 1,301,000 after purchasing an additional 94 shares during the period. Wealthfront Advisers LLC increased its position in CarMax shares by 0.8% in the 4th quarter. Wealthfront Advisers LLC now owns 11,666 shares of the company’s stock worth $ 1,519,000 after purchasing an additional 96 shares during the period. The Louisiana government retirement system rose its position in CarMax shares by 1.0% in the fourth quarter. The Louisiana government’s retirement system already owns 10,200 shares of the company’s $ 1,328,000 worth of shares after buying an additional 100 shares during the period. CHICAGO TRUST Co NA increased its position in CarMax shares by 1.1% in the 4th quarter. CHICAGO TRUST Co NA already owns 9,576 shares of the company’s shares worth $ 1,247,000 after purchasing an additional 100 shares during the period. Finally, Thompson Siegel & Walmsley LLC increased its position in CarMax shares by 1.3% in the 4th quarter. Thompson Siegel & Walmsley LLC already owns 7,890 shares of the company’s shares worth $ 1,028,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds own 96.10% of the company’s shares.
Several analysts recently commented on KMX shares. Bank of America downgraded CarMax shares from a buy-to-neutral rating and downgraded their price target for the company from $ 195.00 to $ 165.00 in a research report on Wednesday (April 6th). Wedbush reduced its target price for CarMax shares from $ 95.00 to $ 90.00 in a report on Wednesday, April 13. Robert W. Baird lowered his CarMax stock price target from $ 140.00 to $ 120.00 in a report on Wednesday (April 13th). Oppenheimer lowered his CarMax stock price target from $ 158.00 to $ 125.00 and set a rating “superior” for the company in a research note on Friday (April 8th). Finally, Needham & Company LLC took cover on CarMax shares in a research note on Monday, May 2nd. They issued a “retention” rating to the company. One research analyst rated the shares with a sell rating, five gave a hold rating and eight gave a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buying” and an average target price of $ 132.70.
Shares of KMX opened at $ 98.36 on Friday. CarMax, Inc. has a 12-month low of $ 84.37 and a 12-month high of $ 155.98. The company has a current ratio of 3.20, a fast ratio of 0.70 and a debt to equity ratio of 3.47. The company has a 50-day moving average price of $ 93.21 and a 200-day moving average price of $ 104.99. The shares have a market capitalization of $ 15.79 billion, a PE ratio of 14.13, a P / E / G ratio of 0.96 and a beta ratio of 1.42.
CarMax (NYSE: KMX – Get Rating) last released its quarterly earnings results on Tuesday, April 12th. The company reported $ 0.98 EPS for the quarter, lacking analysts’ consensus estimates of $ 1.28 s ($ 0.30). CarMax had a return on equity of 22.74% and a net profit of 3.61%. The company had revenue of $ 7.69 billion for the quarter, compared to analysts’ expectations of $ 7.58 billion. During the same period last year, the company reported $ 1.27 earnings per share. CarMax’s revenue for the quarter was up 48.8% year on year. Sales analysts predict that CarMax, Inc. will report 6.15 EPS 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.
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