Investment

Gateway Investment Advisers LLC Sells 593 Shares of CarMax, Inc. (NYSE:KMX)


Gateway Investment Advisers LLC lowered its stake in shares of CarMax, Inc. (NYSE:KMXGet Rating) by 3.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 15,804 shares of the company’s stock after selling 593 shares during the quarter. Gateway Investment Advisers LLC’s holdings in CarMax were worth $1,525,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KMX. Capital Research Global Investors boosted its holdings in CarMax by 246.3% during the fourth quarter. Capital Research Global Investors now owns 5,916,243 shares of the company’s stock worth $770,472,000 after buying an additional 4,207,817 shares during the last quarter. Caledonia Private Investments Pty Ltd lifted its holdings in shares of CarMax by 24.9% during the 4th quarter. Caledonia Private Investments Pty Ltd now owns 2,306,124 shares of the company’s stock valued at $300,327,000 after purchasing an additional 460,010 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of CarMax by 121.7% during the 4th quarter. Marshall Wace LLP now owns 511,359 shares of the company’s stock valued at $66,594,000 after purchasing an additional 280,673 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in shares of CarMax during the 4th quarter valued at about $29,002,000. Finally, State Street Corp lifted its holdings in shares of CarMax by 3.1% during the 4th quarter. State Street Corp now owns 6,556,838 shares of the company’s stock valued at $853,897,000 after purchasing an additional 196,926 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s stock.

KMX has been the topic of several recent analyst reports. Needham & Company LLC initiated coverage on CarMax in a report on Monday, May 2nd. They set a “hold” rating on the stock. Bank of America cut CarMax from a “buy” rating to a “neutral” rating and cut their price objective for the company from $195.00 to $165.00 in a report on Wednesday, April 6th. TheStreet cut CarMax from a “b-” rating to a “c+” rating in a report on Tuesday, April 12th. Robert W. Baird cut their target price on CarMax from $140.00 to $120.00 in a research note on Wednesday, April 13th. Finally, JPMorgan Chase & Co. cut their target price on CarMax from $110.00 to $105.00 in a research note on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $132.70.

NYSE:KMX opened at $98.36 on Friday. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42. CarMax, Inc. has a twelve month low of $84.37 and a twelve month high of $155.98. The stock’s 50 day moving average price is $93.21 and its two-hundred day moving average price is $104.99. The company has a quick ratio of 0.70, a current ratio of 3.20 and a debt-to-equity ratio of 3.47.

CarMax (NYSE:KMXGet Rating) last posted its quarterly earnings results on Tuesday, April 12th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.30). The company had revenue of $7.69 billion for the quarter, compared to analyst estimates of $7.58 billion. CarMax had a return on equity of 22.74% and a net margin of 3.61%. The firm’s revenue for the quarter was up 48.8% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. As a group, analysts anticipate that CarMax, Inc. will post 6.15 earnings per share for the current year.

CarMax Company Profile (Get Rating)

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through 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, as well as hybrid and electric 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 wholesale auctions.

See Also

Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc. (NYSE:KMXGet Rating).

Institutional Ownership by Quarter for CarMax (NYSE:KMX)



Receive News & Ratings for CarMax Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CarMax and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
SUBSCRIBE TO OUR NEWSLETTER

Get our latest downloads and information first. Complete the form below to subscribe to our weekly newsletter.