Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of CarMax, Inc (NYSE:KMX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 14,944 shares of the company’s stock, valued at approximately $1,116,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KMX. CWM LLC boosted its position in shares of CarMax by 266.0% during the 3rd quarter. CWM LLC now owns 1,442 shares of the company’s stock worth $108,000 after acquiring an additional 1,048 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in shares of CarMax during the 3rd quarter worth approximately $123,000. JNBA Financial Advisors boosted its position in shares of CarMax by 3,526.9% during the 3rd quarter. JNBA Financial Advisors now owns 1,886 shares of the company’s stock worth $141,000 after acquiring an additional 1,834 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of CarMax by 57.7% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock worth $149,000 after acquiring an additional 750 shares in the last quarter. Finally, Federated Investors Inc. PA acquired a new stake in shares of CarMax during the 2nd quarter worth approximately $189,000.

A number of brokerages have weighed in on KMX. ValuEngine upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Wedbush set a $87.00 target price on shares of CarMax and gave the company a “buy” rating in a research report on Friday. Morgan Stanley set a $89.00 target price on shares of CarMax and gave the company a “buy” rating in a research report on Wednesday, August 29th. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Friday, October 5th. Finally, Robert W. Baird upgraded shares of CarMax from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 27th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $83.93.

In other news, SVP Jon G. Daniels sold 16,325 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $70.88, for a total transaction of $1,157,116.00. Following the completion of the transaction, the senior vice president now owns 16,325 shares of the company’s stock, valued at $1,157,116. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mohammad Shamim sold 34,142 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $74.16, for a total transaction of $2,531,970.72. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by company insiders.

Shares of CarMax stock opened at $61.21 on Friday. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 0.89 and a beta of 1.60. CarMax, Inc has a fifty-two week low of $57.05 and a fifty-two week high of $81.67. The company has a current ratio of 2.35, a quick ratio of 0.52 and a debt-to-equity ratio of 3.78.

CarMax (NYSE:KMX) last released its quarterly earnings results on Wednesday, September 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.02. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.65 billion. CarMax had a net margin of 4.12% and a return on equity of 22.26%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 earnings per share. Equities analysts anticipate that CarMax, Inc will post 4.64 EPS for the current fiscal year.

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CarMax 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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