Parametrica Management Ltd Makes New $212,000 Investment in CarMax, Inc. (NYSE:KMX)

Parametrica Management Ltd purchased a new position in shares of CarMax, Inc. (NYSE:KMX) in the third quarter, Holdings Channel reports. The fund purchased 2,734 shares of the company’s stock, valued at approximately $212,000.

A number of other institutional investors also recently added to or reduced their stakes in KMX. SG Americas Securities LLC boosted its position in CarMax by 7.9% during the 1st quarter. SG Americas Securities LLC now owns 22,939 shares of the company’s stock worth $1,998,000 after acquiring an additional 1,688 shares during the period. Headlands Technologies LLC bought a new stake in shares of CarMax in the 1st quarter worth $55,000. Motley Fool Asset Management LLC bought a new stake in shares of CarMax in the 1st quarter worth $214,000. State Board of Administration of Florida Retirement System raised its stake in shares of CarMax by 10.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after buying an additional 17,557 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of CarMax by 10.8% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 178,325 shares of the company’s stock worth $15,534,000 after buying an additional 17,350 shares in the last quarter.

CarMax Stock Up 1.6 %

CarMax stock traded up $1.22 during mid-day trading on Wednesday, hitting $77.91. The company’s stock had a trading volume of 794,615 shares, compared to its average volume of 1,893,128. The firm’s 50 day moving average is $75.35 and its 200 day moving average is $75.29. The company has a market cap of $12.07 billion, a PE ratio of 28.83, a price-to-earnings-growth ratio of 1.56 and a beta of 1.68. The company has a debt-to-equity ratio of 2.93, a current ratio of 2.25 and a quick ratio of 0.68. CarMax, Inc. has a 52-week low of $62.76 and a 52-week high of $88.22.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. On average, analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on KMX. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $82.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. BNP Paribas raised CarMax to a “strong sell” rating in a report on Friday, September 27th. Finally, Evercore ISI upped their target price on CarMax from $76.00 to $79.00 and gave the company an “in-line” rating in a report on Thursday, October 17th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.73.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.