HBK Investments L P acquired a new stake in shares of CarMax, Inc (NYSE:KMX) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 140,976 shares of the company’s stock, valued at approximately $9,041,000.

Several other large investors have also made changes to their positions in KMX. OppenheimerFunds Inc. boosted its stake in CarMax by 11,777.3% during the 4th quarter. OppenheimerFunds Inc. now owns 3,854,895 shares of the company’s stock valued at $247,214,000 after purchasing an additional 3,822,439 shares during the period. Mar Vista Investment Partners LLC acquired a new position in CarMax during the 4th quarter valued at about $38,803,000. Sirios Capital Management L P boosted its stake in CarMax by 81.5% during the 4th quarter. Sirios Capital Management L P now owns 1,216,018 shares of the company’s stock valued at $77,983,000 after purchasing an additional 546,024 shares during the period. Calamos Advisors LLC boosted its stake in CarMax by 851.9% during the 4th quarter. Calamos Advisors LLC now owns 517,649 shares of the company’s stock valued at $33,197,000 after purchasing an additional 463,268 shares during the period. Finally, Wedge Capital Management L L P NC acquired a new position in CarMax during the 4th quarter valued at about $24,791,000.

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Shares of CarMax, Inc (NYSE KMX) opened at $62.62 on Wednesday. The firm has a market cap of $11,302.99, a P/E ratio of 16.79, a PEG ratio of 0.95 and a beta of 1.61. CarMax, Inc has a one year low of $54.29 and a one year high of $77.64. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. research analysts anticipate that CarMax, Inc will post 3.82 earnings per share for the current year.

In related news, EVP Eric M. Margolin sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $71.78, for a total value of $1,435,600.00. Following the sale, the executive vice president now directly owns 41,051 shares in the company, valued at approximately $2,946,640.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Darren C. Newberry sold 6,584 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total transaction of $478,064.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,584 shares of company stock valued at $4,605,664. Company insiders own 1.90% of the company’s stock.

A number of research analysts have issued reports on the stock. Credit Suisse Group set a $78.00 target price on shares of CarMax and gave the company a “buy” rating in a research note on Tuesday. Wedbush reissued an “outperform” rating and set a $81.00 target price on shares of CarMax in a research note on Wednesday, January 10th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Wednesday, November 22nd. ValuEngine lowered shares of CarMax from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Susquehanna Bancshares set a $68.00 target price on shares of CarMax and gave the company a “hold” rating in a research note on Monday, January 1st. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $80.14.

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About CarMax

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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