King Luther Capital Management Corp Has $4.40 Million Position in CarMax, Inc. (NYSE:KMX)

King Luther Capital Management Corp raised its stake in CarMax, Inc. (NYSE:KMX) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,385 shares of the company’s stock after purchasing an additional 1,311 shares during the period. King Luther Capital Management Corp’s holdings in CarMax were worth $4,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP increased its holdings in shares of CarMax by 153.3% in the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after acquiring an additional 400 shares during the period. Mendota Financial Group LLC bought a new stake in shares of CarMax in the fourth quarter valued at about $37,000. MCF Advisors LLC bought a new stake in shares of CarMax in the fourth quarter valued at about $46,000. Finally, Lindbrook Capital LLC boosted its position in shares of CarMax by 32.8% in the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock valued at $48,000 after acquiring an additional 155 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on KMX. Mizuho reduced their target price on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $83.00 target price on shares of CarMax in a research report on Monday, April 8th. Robert W. Baird reduced their target price on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of CarMax in a research report on Thursday, May 16th. Finally, StockNews.com raised shares of CarMax to a “sell” rating in a research report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $77.42.

Insider Buying and Selling at CarMax

In other news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the sale, the executive vice president now owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.66% of the company’s stock.

CarMax Trading Down 1.2 %

Shares of CarMax stock traded down $0.82 on Thursday, hitting $68.94. The stock had a trading volume of 182,968 shares, compared to its average volume of 1,984,634. The firm has a market capitalization of $10.85 billion, a P/E ratio of 23.03, a PEG ratio of 1.37 and a beta of 1.64. The stock has a 50 day moving average of $75.67 and a 200 day moving average of $72.99. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22.

CarMax (NYSE:KMX) last released its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 EPS. Sell-side analysts expect that CarMax, Inc. will post 3.12 earnings per share for the current fiscal year.

CarMax 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.