Teachers Retirement System of The State of Kentucky Boosts Holdings in CarMax, Inc. $KMX

Teachers Retirement System of The State of Kentucky increased its stake in shares of CarMax, Inc. (NYSE:KMX – Free Report) by 206.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 37,130 shares of the company’s stock after buying an additional 25,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in CarMax were worth $1,434,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Rakuten Securities Inc. boosted its position in shares of CarMax by 27.5% during the 4th quarter. Rakuten Securities Inc. now owns 2,831 shares of the company’s stock worth $109,000 after purchasing an additional 610 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of CarMax by 5.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 19,881 shares of the company’s stock worth $768,000 after purchasing an additional 1,016 shares during the period. waypoint wealth counsel purchased a new position in shares of CarMax during the 4th quarter worth approximately $296,000. B. Metzler seel. Sohn & Co. AG boosted its position in shares of CarMax by 17.1% during the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 36,090 shares of the company’s stock worth $1,395,000 after purchasing an additional 5,276 shares during the period. Finally, HB Wealth Management LLC boosted its position in shares of CarMax by 11.5% during the 4th quarter. HB Wealth Management LLC now owns 8,209 shares of the company’s stock worth $317,000 after purchasing an additional 844 shares during the period.

CarMax Price Performance

Shares of KMX opened at $38.63 on Wednesday. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $71.99. The firm’s fifty day simple moving average is $42.02 and its 200-day simple moving average is $41.58. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.38 and a beta of 1.30. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX – Get Free Report) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the business earned $0.58 EPS. The company’s revenue was down 1.0% on a year-over-year basis. Equities analysts forecast that CarMax, Inc. will post 2.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Bank of America assumed coverage on shares of CarMax in a research report on Wednesday, April 15th. They set an “underperform” rating and a $40.00 price objective for the company. Stephens increased their price objective on shares of CarMax from $39.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $41.00 price objective on shares of CarMax in a research report on Wednesday, April 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Finally, Barclays reduced their target price on shares of CarMax from $28.00 to $26.00 and set an “underweight” rating on the stock in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $41.21.

View Our Latest Research Report on KMX

CarMax Company Profile

(Free Report)

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.

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