Tidal Investments LLC Buys 7,635 Shares of CarMax, Inc. (NYSE:KMX)

Tidal Investments LLC grew its stake in shares of CarMax, Inc. (NYSE:KMX) by 141.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,019 shares of the company’s stock after buying an additional 7,635 shares during the period. Tidal Investments LLC’s holdings in CarMax were worth $1,007,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of KMX. FMR LLC grew its stake in CarMax by 2,883.1% during the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter. Vulcan Value Partners LLC boosted its holdings in CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after purchasing an additional 1,369,986 shares during the period. Holocene Advisors LP grew its position in shares of CarMax by 740.2% during the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock valued at $73,274,000 after purchasing an additional 834,232 shares in the last quarter. Marshall Wace LLP grew its position in shares of CarMax by 87.6% during the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after purchasing an additional 541,967 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after purchasing an additional 436,342 shares during the period.

Wall Street Analysts Forecast Growth

KMX has been the subject of several research analyst reports. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Truist Financial upped their price objective on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Stephens began coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Finally, Oppenheimer reissued an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research note on Friday, October 4th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $82.58.

CarMax Trading Up 3.5 %

Shares of KMX stock opened at $84.23 on Friday. The business has a 50-day moving average of $78.77 and a 200 day moving average of $77.55. 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 1-year low of $65.83 and a 1-year high of $91.25. The stock has a market capitalization of $13.05 billion, a PE ratio of 31.67, a P/E/G ratio of 1.76 and a beta of 1.71.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that CarMax, Inc. will post 3.01 earnings per share for the current year.

About CarMax

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.