Rhumbline Advisers Has $14.44 Million Holdings in CarMax, Inc. $KMX

Rhumbline Advisers grew its position in shares of CarMax, Inc. (NYSE:KMX) by 4.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 321,732 shares of the company’s stock after acquiring an additional 13,637 shares during the period. Rhumbline Advisers’ holdings in CarMax were worth $14,436,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KMX. Jones Financial Companies Lllp raised its position in CarMax by 3.1% during the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after acquiring an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in CarMax by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after acquiring an additional 173 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of CarMax by 0.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 31,245 shares of the company’s stock worth $2,081,000 after purchasing an additional 206 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of CarMax by 6.2% during the 2nd quarter. Brookstone Capital Management now owns 4,324 shares of the company’s stock valued at $291,000 after purchasing an additional 252 shares in the last quarter. Finally, Resonant Capital Advisors LLC lifted its stake in shares of CarMax by 4.2% in the 3rd quarter. Resonant Capital Advisors LLC now owns 6,388 shares of the company’s stock valued at $287,000 after purchasing an additional 256 shares during the last quarter.

CarMax Stock Up 8.3%

Shares of KMX opened at $45.74 on Thursday. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 1.01 and a beta of 1.35. The company has a quick ratio of 0.51, a current ratio of 1.99 and a debt-to-equity ratio of 2.74. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $88.52. The company has a 50-day moving average price of $43.38 and a two-hundred day moving average price of $46.37.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.12. The company had revenue of $5.79 billion for the quarter, compared to analyst estimates of $5.66 billion. CarMax had a return on equity of 7.72% and a net margin of 1.77%.The company’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. Equities analysts predict that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analysts Set New Price Targets

KMX has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CarMax in a research report on Friday, January 9th. Royal Bank Of Canada upped their price objective on shares of CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a report on Friday, December 19th. Benchmark reiterated a “hold” rating on shares of CarMax in a report on Tuesday, December 16th. Needham & Company LLC reissued a “hold” rating on shares of CarMax in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on shares of CarMax from $30.00 to $28.00 and set an “underweight” rating for the company in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, CarMax has a consensus rating of “Reduce” and an average price target of $39.21.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.