Turtle Creek Asset Management Inc. Acquires 4,600 Shares of CarMax, Inc. (NYSE:KMX)

Turtle Creek Asset Management Inc. grew its holdings in CarMax, Inc. (NYSE:KMX – Get Rating) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 485,514 shares of the company’s stock after purchasing an additional 4,600 shares during the period. CarMax makes up about 2.1% of Turtle Creek Asset Management Inc.’s portfolio, making the stock its 20th biggest position. Turtle Creek Asset Management Inc. owned about 0.30% of CarMax worth $63,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KMX. Ten Capital Wealth Advisors LLC bought a new stake in CarMax during the 4th quarter worth $36,000. EverSource Wealth Advisors LLC bought a new stake in CarMax during the 4th quarter worth $43,000. KRS Capital Management LLC bought a new stake in CarMax during the 4th quarter worth $47,000. Benjamin F. Edwards & Company Inc. grew its position in CarMax by 89.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 388 shares of the company’s stock worth $51,000 after acquiring an additional 183 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in CarMax by 112.7% during the 4th quarter. First Horizon Advisors Inc. now owns 653 shares of the company’s stock worth $84,000 after acquiring an additional 346 shares during the last quarter. Institutional investors own 96.10% of the company’s stock.

Shares of NYSE:KMX traded up $1.66 during midday trading on Friday, reaching $92.46. The company’s stock had a trading volume of 2,106,668 shares, compared to its average volume of 2,094,770. The firm has a market capitalization of $14.84 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.93 and a beta of 1.44. The company has a debt-to-equity ratio of 3.47, a quick ratio of 0.70 and a current ratio of 3.20. The firm has a 50 day moving average price of $95.76 and a two-hundred day moving average price of $114.31. CarMax, Inc. has a fifty-two week low of $85.36 and a fifty-two week high of $155.98.

CarMax (NYSE:KMX – Get Rating) last posted its quarterly earnings results on Tuesday, April 12th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). CarMax had a return on equity of 22.74% and a net margin of 3.61%. The firm had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period last year, the company posted $1.27 earnings per share. The firm’s quarterly revenue was up 48.8% compared to the same quarter last year. As a group, research analysts anticipate that CarMax, Inc. will post 6.22 earnings per share for the current year.

KMX has been the topic of a number of research reports. Citic Securities initiated coverage on CarMax in a research report on Friday, January 28th. They set a “buy” rating and a $130.00 price objective on the stock. Robert W. Baird cut their target price on CarMax from $140.00 to $120.00 in a report on Wednesday, April 13th. Wedbush cut their target price on CarMax from $95.00 to $90.00 in a report on Wednesday, April 13th. Seaport Res Ptn raised CarMax from a “neutral” rating to a “buy” rating in a report on Thursday, January 27th. Finally, JPMorgan Chase & Co. downgraded CarMax from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $130.00 to $110.00 in a report on Wednesday, April 13th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $130.64.

CarMax Company Profile (Get Rating)

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; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions.

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