Mosaic Family Wealth LLC lowered its position in shares of CarMax, Inc (NYSE:KMX) by 17.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,053 shares of the company’s stock after selling 220 shares during the quarter. Mosaic Family Wealth LLC’s holdings in CarMax were worth $66,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in KMX. Brown Advisory Inc. raised its position in shares of CarMax by 1.1% in the 4th quarter. Brown Advisory Inc. now owns 2,551,474 shares of the company’s stock worth $160,054,000 after purchasing an additional 26,977 shares during the last quarter. Geode Capital Management LLC raised its position in CarMax by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 2,190,864 shares of the company’s stock worth $137,181,000 after buying an additional 140,198 shares during the last quarter. Northern Trust Corp raised its position in CarMax by 2.8% in the 4th quarter. Northern Trust Corp now owns 1,962,841 shares of the company’s stock worth $123,129,000 after buying an additional 53,495 shares during the last quarter. DF Dent & Co. Inc. raised its position in CarMax by 2.7% in the 3rd quarter. DF Dent & Co. Inc. now owns 1,741,037 shares of the company’s stock worth $130,003,000 after buying an additional 46,449 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in CarMax by 20.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,504,891 shares of the company’s stock worth $94,404,000 after buying an additional 258,689 shares during the last quarter. 99.63% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on KMX shares. Guggenheim raised CarMax from a “neutral” rating to a “buy” rating in a research report on Monday, December 24th. Oppenheimer reissued a “buy” rating on shares of CarMax in a research report on Thursday, December 20th. Wedbush set a $87.00 target price on CarMax and gave the stock a “buy” rating in a research report on Friday, December 14th. Buckingham Research raised CarMax from a “neutral” rating to a “buy” rating in a research report on Monday, January 7th. Finally, ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $81.00.
CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, December 21st. The company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.09. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.33 billion. CarMax had a return on equity of 23.26% and a net margin of 4.30%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. On average, sell-side analysts expect that CarMax, Inc will post 4.72 earnings per share for the current fiscal year.
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CarMax Company Profile
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.
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