King Luther Capital Management Corp Has $4.28 Million Stock Position in CarMax, Inc. (NYSE:KMX)

King Luther Capital Management Corp boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 55,331 shares of the company’s stock after buying an additional 940 shares during the quarter. King Luther Capital Management Corp’s holdings in CarMax were worth $4,282,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. First Pacific Advisors LP raised its stake in shares of CarMax by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock worth $175,005,000 after purchasing an additional 47,184 shares in the last quarter. Dimensional Fund Advisors LP raised its position in CarMax by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after acquiring an additional 51,397 shares in the last quarter. Vulcan Value Partners LLC lifted its stake in CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after acquiring an additional 1,369,986 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of CarMax by 21.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock worth $121,479,000 after purchasing an additional 288,165 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. raised its holdings in shares of CarMax by 11.2% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 1,343,290 shares of the company’s stock valued at $98,517,000 after purchasing an additional 134,987 shares during the period.

CarMax Stock Up 1.1 %

Shares of KMX opened at $81.55 on Friday. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. CarMax, Inc. has a 12 month low of $62.90 and a 12 month high of $88.22. The firm’s 50 day moving average is $75.24 and its 200-day moving average is $75.74. The stock has a market capitalization of $12.63 billion, a PE ratio of 30.66, a P/E/G ratio of 1.53 and a beta of 1.68.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. CarMax’s revenue was down .9% on a year-over-year basis. During the same quarter last year, the business earned $0.75 EPS. Equities research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current year.

Analyst Ratings Changes

KMX has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $82.00 price objective on shares of CarMax in a research note on Wednesday, October 16th. Oppenheimer restated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Friday, October 4th. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. StockNews.com raised shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Wednesday, October 16th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, CarMax presently has a consensus rating of “Hold” and an average price target of $79.73.

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.