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

Tidal Investments LLC raised its holdings in CarMax, Inc. (NYSE:KMX) by 141.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,019 shares of the company’s stock after buying an additional 7,635 shares during the quarter. Tidal Investments LLC’s holdings in CarMax were worth $1,007,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Quarry LP lifted its stake in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after acquiring an additional 184 shares during the period. Catalyst Capital Advisors LLC purchased a new stake in shares of CarMax in the 3rd quarter worth about $32,000. True Wealth Design LLC boosted its stake in shares of CarMax by 4,844.4% during the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares in the last quarter. Blue Trust Inc. increased its position in shares of CarMax by 134.1% during the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the period. Finally, Studio Investment Management LLC raised its stake in CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares in the last quarter.

CarMax Trading Up 3.5 %

Shares of NYSE KMX opened at $84.23 on Friday. The firm’s 50 day moving average price is $78.77 and its 200-day moving average price is $77.55. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The company has a market cap 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 (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. On average, equities research analysts expect that CarMax, Inc. will post 3.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on CarMax from $65.00 to $70.00 and gave the company an “underweight” rating in a research report on Thursday, December 5th. Wedbush reaffirmed an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research note on Wednesday, October 16th. Evercore ISI increased their price objective on CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a report on Thursday. Oppenheimer restated an “outperform” rating and set a $105.00 target price on shares of CarMax in a report on Friday, October 4th. Finally, Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target for the company. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $82.58.

CarMax Company 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.