CarMax, Inc. (NYSE:KMX) Shares Purchased by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 33.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 6,211 shares of the company’s stock after purchasing an additional 1,568 shares during the period. Orion Portfolio Solutions LLC’s holdings in CarMax were worth $795,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of CarMax by 19.4% in the third quarter. Alliancebernstein L.P. now owns 260,134 shares of the company’s stock valued at $33,287,000 after acquiring an additional 42,289 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in CarMax by 129.1% during the third quarter. Teacher Retirement System of Texas now owns 48,169 shares of the company’s stock worth $6,164,000 after buying an additional 27,147 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in CarMax by 5.3% during the third quarter. Geneos Wealth Management Inc. now owns 6,252 shares of the company’s stock worth $795,000 after buying an additional 313 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in CarMax by 3.3% during the third quarter. CIBC Asset Management Inc now owns 14,874 shares of the company’s stock worth $1,903,000 after buying an additional 470 shares in the last quarter. Finally, Picton Mahoney Asset Management raised its position in CarMax by 1.5% during the third quarter. Picton Mahoney Asset Management now owns 41,310 shares of the company’s stock worth $5,287,000 after acquiring an additional 600 shares during the last quarter. 94.71% of the stock is currently owned by institutional investors and hedge funds.

KMX opened at $113.40 on Friday. The stock has a market capitalization of $18.33 billion, a PE ratio of 15.64, a P/E/G ratio of 1.01 and a beta of 1.45. The firm’s fifty day moving average price is $137.52 and its 200 day moving average price is $135.22. The company has a debt-to-equity ratio of 3.42, a current ratio of 2.90 and a quick ratio of 0.63. CarMax, Inc. has a 12-month low of $104.86 and a 12-month high of $155.98.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Wednesday, December 22nd. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.19. The firm had revenue of $8.53 billion for the quarter, compared to analysts’ expectations of $7.38 billion. CarMax had a net margin of 4.09% and a return on equity of 24.82%. The firm’s quarterly revenue was up 64.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.42 earnings per share. On average, equities research analysts forecast that CarMax, Inc. will post 7.33 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on KMX shares. Royal Bank of Canada lifted their target price on shares of CarMax from $156.00 to $157.00 and gave the stock an “outperform” rating in a research report on Thursday, December 23rd. Morgan Stanley reissued a “buy” rating and issued a $165.00 price objective on shares of CarMax in a research report on Friday, October 1st. Robert W. Baird boosted their price objective on shares of CarMax from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday, December 30th. Guggenheim lowered shares of CarMax from a “buy” rating to a “neutral” rating in a research report on Friday, October 1st. Finally, Zacks Investment Research lowered shares of CarMax from a “buy” rating to a “hold” rating and set a $147.00 price target for the company. in a research report on Monday, September 20th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $160.45.

About CarMax

CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operator. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment comprises of all aspects of its auto merchandising and service operations.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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