State of Alaska Department of Revenue Has $1.40 Million Holdings in CarMax, Inc. (NYSE:KMX)

State of Alaska Department of Revenue raised its position in shares of CarMax, Inc. (NYSE:KMX) by 2.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 18,022 shares of the company’s stock after purchasing an additional 355 shares during the quarter. State of Alaska Department of Revenue’s holdings in CarMax were worth $1,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KMX. Allworth Financial LP grew its position in shares of CarMax by 62.7% during the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock worth $51,000 after buying an additional 249 shares during the period. Parallel Advisors LLC grew its position in shares of CarMax by 38.4% during the 1st quarter. Parallel Advisors LLC now owns 937 shares of the company’s stock worth $73,000 after buying an additional 260 shares during the period. Arizona State Retirement System grew its position in shares of CarMax by 0.6% during the 4th quarter. Arizona State Retirement System now owns 44,998 shares of the company’s stock worth $3,679,000 after buying an additional 282 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company’s stock worth $261,000 after buying an additional 307 shares during the period. Finally, King Luther Capital Management Corp grew its position in shares of CarMax by 0.6% during the 4th quarter. King Luther Capital Management Corp now owns 55,680 shares of the company’s stock worth $4,552,000 after buying an additional 349 shares during the period.

Insider Activity

In other news, Director Mitchell D. Steenrod acquired 1,300 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average price of $65.49 per share, with a total value of $85,137.00. Following the acquisition, the director now owns 33,577 shares in the company, valued at $2,198,957.73. The trade was a 4.03% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on KMX. Cfra Research raised shares of CarMax to a “strong-buy” rating in a research report on Thursday, April 10th. Needham & Company LLC reiterated a “buy” rating and issued a $92.00 target price on shares of CarMax in a report on Monday. JPMorgan Chase & Co. reduced their price target on shares of CarMax from $72.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, March 27th. Royal Bank Of Canada lifted their price target on shares of CarMax from $80.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CarMax presently has an average rating of “Moderate Buy” and an average target price of $85.10.

CarMax Price Performance

Shares of NYSE:KMX opened at $69.30 on Wednesday. The company has a current ratio of 2.39, a quick ratio of 0.80 and a debt-to-equity ratio of 2.86. The stock’s fifty day simple moving average is $65.63 and its two-hundred day simple moving average is $75.18. CarMax, Inc. has a 1-year low of $61.34 and a 1-year high of $91.25. The stock has a market cap of $10.58 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.11 and a beta of 1.38.

CarMax (NYSE:KMX) last announced its earnings results on Friday, June 20th. The company reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.20. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The firm had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period last year, the firm posted $0.97 EPS. The business’s revenue was up 6.1% compared to the same quarter last year. As a group, analysts forecast that CarMax, Inc. will post 3.23 EPS 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.