CarMax, Inc. (NYSE:KMX) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 18.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,104 shares of the company’s stock after acquiring an additional 651 shares during the period. V Square Quantitative Management LLC’s holdings in CarMax were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of CarMax during the fourth quarter valued at approximately $288,278,000. Morningstar Investment Services LLC grew its stake in CarMax by 95.4% during the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after buying an additional 1,326,840 shares during the last quarter. American Century Companies Inc. increased its position in CarMax by 674.3% in the third quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock worth $57,059,000 after buying an additional 702,526 shares during the period. Verition Fund Management LLC lifted its stake in CarMax by 5,711.9% in the fourth quarter. Verition Fund Management LLC now owns 427,176 shares of the company’s stock valued at $32,781,000 after buying an additional 419,826 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of CarMax by 38.6% during the third quarter. Envestnet Asset Management Inc. now owns 1,161,514 shares of the company’s stock valued at $82,154,000 after acquiring an additional 323,652 shares during the period.

CarMax Price Performance

Shares of CarMax stock opened at $69.91 on Monday. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The stock has a market cap of $11.00 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 1.34 and a beta of 1.69. The company’s 50-day moving average price is $70.87 and its two-hundred day moving average price is $73.62.

CarMax (NYSE:KMX) last released its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. As a group, sell-side analysts anticipate that CarMax, Inc. will post 3.1 EPS for the current fiscal year.

Insider Activity

In other news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on KMX shares. Robert W. Baird cut their price objective on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a research report on Friday, April 12th. Evercore ISI decreased their price objective on CarMax from $72.00 to $68.00 and set an “in-line” rating for the company in a report on Thursday, June 6th. Needham & Company LLC cut their target price on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a research note on Friday, April 12th. JPMorgan Chase & Co. decreased their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $83.00 price objective on shares of CarMax in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.92.

CarMax Company 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.