iSAM Funds UK Ltd Makes New $537,000 Investment in CarMax, Inc. (NYSE:KMX)

iSAM Funds UK Ltd acquired a new position in CarMax, Inc. (NYSE:KMX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,943 shares of the company’s stock, valued at approximately $537,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC raised its stake in CarMax by 69.6% in the 2nd quarter. CWM LLC now owns 17,776 shares of the company’s stock worth $1,304,000 after purchasing an additional 7,294 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in shares of CarMax by 3.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after buying an additional 10,898 shares in the last quarter. Eagle Rock Investment Company LLC acquired a new position in shares of CarMax in the 3rd quarter valued at approximately $747,000. Dimensional Fund Advisors LP raised its position in shares of CarMax by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after buying an additional 51,397 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of CarMax by 212.8% during the 2nd quarter. AQR Capital Management LLC now owns 488,836 shares of the company’s stock valued at $35,851,000 after purchasing an additional 332,574 shares during the last quarter.

CarMax Stock Up 2.0 %

CarMax stock opened at $86.23 on Friday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 12-month low of $65.38 and a 12-month high of $88.22. The firm’s fifty day moving average is $76.71 and its 200 day moving average is $76.60. The company has a market capitalization of $13.36 billion, a PE ratio of 32.42, a PEG ratio of 1.70 and a beta of 1.71.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the previous year, the company posted $0.75 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. As a group, sell-side analysts predict that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Royal Bank of Canada reissued an “outperform” rating and set a $82.00 target price on shares of CarMax in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on shares of CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday. Evercore ISI boosted their price target on shares of CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $81.00.

CarMax Profile

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.