CarMax, Inc (KMX) Stake Increased by Creative Planning

Creative Planning grew its holdings in shares of CarMax, Inc (NYSE:KMX) by 53.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,944 shares of the company’s stock after acquiring an additional 3,832 shares during the period. Creative Planning’s holdings in CarMax were worth $687,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in KMX. Deutsche Bank AG grew its stake in shares of CarMax by 141.9% during the third quarter. Deutsche Bank AG now owns 597,039 shares of the company’s stock valued at $44,572,000 after acquiring an additional 350,274 shares in the last quarter. Blair William & Co. IL grew its stake in shares of CarMax by 30.2% during the third quarter. Blair William & Co. IL now owns 1,085,489 shares of the company’s stock valued at $81,053,000 after acquiring an additional 251,554 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of CarMax by 193.5% during the third quarter. Canada Pension Plan Investment Board now owns 378,860 shares of the company’s stock valued at $28,289,000 after acquiring an additional 249,775 shares in the last quarter. Epoch Investment Partners Inc. grew its stake in shares of CarMax by 28.5% during the third quarter. Epoch Investment Partners Inc. now owns 911,528 shares of the company’s stock valued at $68,063,000 after acquiring an additional 202,366 shares in the last quarter. Finally, Vantis Investment Advisers L.P. acquired a new stake in shares of CarMax during the third quarter valued at about $10,932,000.

Shares of NYSE KMX opened at $61.36 on Thursday. The company has a current ratio of 2.50, a quick ratio of 0.52 and a debt-to-equity ratio of 3.93. CarMax, Inc has a 52-week low of $55.24 and a 52-week high of $81.67. The stock has a market capitalization of $10.41 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 0.91 and a beta of 1.27.

CarMax (NYSE:KMX) last issued its earnings results on Friday, December 21st. The company reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.09. CarMax had a net margin of 4.30% and a return on equity of 23.26%. The firm had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.33 billion. During the same quarter last year, the company posted $0.81 earnings per share. CarMax’s revenue was up 4.6% on a year-over-year basis. As a group, analysts anticipate that CarMax, Inc will post 4.72 EPS for the current fiscal year.

Several equities analysts have recently commented on KMX shares. Guggenheim raised shares of CarMax from a “neutral” rating to a “buy” rating in a research report on Monday, December 24th. Oppenheimer reaffirmed a “buy” rating on shares of CarMax in a research report on Thursday, December 20th. Wedbush set a $87.00 price target on shares of CarMax and gave the stock a “buy” rating in a research report on Friday, December 14th. Buckingham Research raised shares of CarMax from a “neutral” rating to a “buy” rating in a research report on Monday, January 7th. Finally, ValuEngine raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $81.00.

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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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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