Weitz Investment Management Inc. lifted its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 749,500 shares of the company's stock after purchasing an additional 30,000 shares during the quarter. CarMax comprises 3.0% of Weitz Investment Management Inc.'s investment portfolio, making the stock its 11th biggest holding. Weitz Investment Management Inc. owned about 0.47% of CarMax worth $57,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
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A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Eubel Brady & Suttman Asset Management Inc. boosted its position in shares of CarMax by 46.3% during the 4th quarter. Eubel Brady & Suttman Asset Management Inc. now owns 327,519 shares of the company's stock worth $25,134,000 after purchasing an additional 103,697 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of CarMax by 14.3% during the 4th quarter. Hsbc Holdings PLC now owns 135,905 shares of the company's stock worth $10,430,000 after purchasing an additional 17,004 shares in the last quarter. Cape Investment Advisory Inc. boosted its position in shares of CarMax by 2.6% during the 4th quarter. Cape Investment Advisory Inc. now owns 12,274 shares of the company's stock worth $942,000 after purchasing an additional 306 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of CarMax by 18.9% during the 4th quarter. Intech Investment Management LLC now owns 42,950 shares of the company's stock worth $3,296,000 after purchasing an additional 6,816 shares in the last quarter. Finally, ProVise Management Group LLC boosted its position in shares of CarMax by 2.3% during the 4th quarter. ProVise Management Group LLC now owns 60,031 shares of the company's stock worth $4,607,000 after purchasing an additional 1,330 shares in the last quarter.
Insider Buying and Selling at CarMax
In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the firm's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.66% of the company's stock.
CarMax Stock Performance
- CarMax: Is There a Silver Lining to the Earnings Car Wreck?
Shares of KMX stock traded up $0.95 during trading hours on Monday, hitting $69.88. 733,900 shares of the company were exchanged, compared to its average volume of 1,984,411. The firm has a fifty day simple moving average of $75.01 and a 200 day simple moving average of $73.17. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 23.06, a P/E/G ratio of 1.33 and a beta of 1.64.
CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $5.76 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The firm's quarterly revenue was down 1.7% on a year-over-year basis. Research analysts predict that CarMax, Inc. will post 3.12 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
- Carmax Returns to the Bargain Basem*nt: Buy the Dip?
Several equities analysts recently weighed in on KMX shares. Truist Financial dropped their price target on shares of CarMax from $75.00 to $72.00 and set a "hold" rating on the stock in a research report on Friday, April 12th. JPMorgan Chase & Co. dropped their price target on shares of CarMax from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, April 15th. Mizuho dropped their price target on shares of CarMax from $80.00 to $75.00 and set a "neutral" rating on the stock in a research report on Friday, April 12th. Wedbush reaffirmed an "outperform" rating and issued a $90.00 price target on shares of CarMax in a research report on Thursday, May 16th. Finally, StockNews.com raised shares of CarMax to a "sell" rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $77.42.
View Our Latest Analysis on KMX
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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