Vestcor Inc Purchases 1,181 Shares of CarMax, Inc. (NYSE:KMX)

Vestcor Inc lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 54.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,332 shares of the company’s stock after purchasing an additional 1,181 shares during the period. Vestcor Inc’s holdings in CarMax were worth $258,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KMX. Sumitomo Mitsui Trust Group Inc. increased its position in CarMax by 3.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock worth $27,188,000 after buying an additional 10,898 shares during the last quarter. Eagle Rock Investment Company LLC bought a new position in shares of CarMax during the 3rd quarter worth approximately $747,000. iSAM Funds UK Ltd acquired a new position in shares of CarMax during the 3rd quarter worth approximately $537,000. Centiva Capital LP acquired a new stake in CarMax during the 3rd quarter valued at $559,000. Finally, Dimensional Fund Advisors LP boosted its position in CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after purchasing an additional 51,397 shares during the period.

CarMax Price Performance

KMX stock opened at $86.26 on Friday. The company’s 50-day moving average price is $77.81 and its two-hundred day moving average price is $77.14. The firm has a market cap of $13.36 billion, a P/E ratio of 32.43, a P/E/G ratio of 1.76 and a beta of 1.71. 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 $65.83 and a 12 month high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the business earned $0.75 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. On average, analysts anticipate that CarMax, Inc. will post 3.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

KMX has been the subject of a number of research reports. Evercore ISI raised their target price on shares of CarMax from $81.00 to $83.00 and gave the stock an “in-line” rating in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. increased their target price on CarMax from $65.00 to $70.00 and gave the stock an “underweight” rating in a research note on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Wedbush reissued an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Finally, Oppenheimer restated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Friday, October 4th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, CarMax currently has an average rating of “Hold” and an average target price of $81.00.

About CarMax

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.