CarMax, Inc. $KMX Shares Purchased by Vulcan Value Partners LLC

Vulcan Value Partners LLC increased its position in shares of CarMax, Inc. (NYSE:KMX) by 25.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,928,832 shares of the company’s stock after purchasing an additional 600,712 shares during the quarter. CarMax accounts for 2.0% of Vulcan Value Partners LLC’s investment portfolio, making the stock its 14th biggest holding. Vulcan Value Partners LLC owned approximately 2.07% of CarMax worth $113,210,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Intech Investment Management LLC raised its holdings in shares of CarMax by 129.4% in the third quarter. Intech Investment Management LLC now owns 86,444 shares of the company’s stock worth $3,879,000 after acquiring an additional 48,757 shares during the last quarter. Silver Heights Capital Management Inc raised its holdings in shares of CarMax by 39.5% in the third quarter. Silver Heights Capital Management Inc now owns 926,167 shares of the company’s stock worth $41,557,000 after acquiring an additional 262,478 shares during the last quarter. Freestone Capital Holdings LLC acquired a new position in shares of CarMax in the fourth quarter worth $968,000. Dimensional Fund Advisors LP raised its holdings in shares of CarMax by 33.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock worth $165,358,000 after acquiring an additional 918,553 shares during the last quarter. Finally, Rings Capital Management LLC raised its holdings in shares of CarMax by 71.6% in the third quarter. Rings Capital Management LLC now owns 1,074,000 shares of the company’s stock worth $48,190,000 after acquiring an additional 448,000 shares during the last quarter.

CarMax Price Performance

KMX stock opened at $42.21 on Thursday. The stock has a 50-day moving average price of $40.56 and a two-hundred day moving average price of $41.09. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $71.99. The company has a current ratio of 2.20, a quick ratio of 0.49 and a debt-to-equity ratio of 2.93. The company has a market cap of $5.99 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 1.54 and a beta of 1.19.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. CarMax had a return on equity of 7.00% and a net margin of 0.96%.The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the business earned $0.58 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, research analysts predict that CarMax, Inc. will post 2.3 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KMX shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $41.00 price target on shares of CarMax in a report on Wednesday, April 15th. JPMorgan Chase & Co. boosted their price target on CarMax from $28.00 to $35.00 and gave the stock an “underweight” rating in a report on Wednesday, April 15th. Bank of America started coverage on CarMax in a research report on Wednesday, April 15th. They issued an “underperform” rating and a $40.00 price objective for the company. Argus raised CarMax to a “hold” rating in a research report on Thursday, April 16th. Finally, Barclays lowered their price objective on CarMax from $28.00 to $26.00 and set an “underweight” rating for the company in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, fourteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $41.27.

CarMax Profile

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.