Cooke & Bieler LP Grows Stock Holdings in CarMax, Inc. $KMX

Cooke & Bieler LP raised its stake in CarMax, Inc. (NYSE:KMX) by 29.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,241,359 shares of the company’s stock after purchasing an additional 504,794 shares during the quarter. Cooke & Bieler LP owned 1.53% of CarMax worth $100,570,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. CYBER HORNET ETFs LLC purchased a new position in CarMax in the 2nd quarter valued at $28,000. MUFG Securities EMEA plc acquired a new stake in shares of CarMax in the 2nd quarter worth $30,000. Hollencrest Capital Management lifted its stake in shares of CarMax by 39.9% in the 2nd quarter. Hollencrest Capital Management now owns 1,052 shares of the company’s stock worth $71,000 after acquiring an additional 300 shares during the period. Blue Trust Inc. boosted its holdings in shares of CarMax by 25.8% in the second quarter. Blue Trust Inc. now owns 1,130 shares of the company’s stock valued at $76,000 after acquiring an additional 232 shares in the last quarter. Finally, Zions Bancorporation National Association UT increased its stake in shares of CarMax by 246.4% during the second quarter. Zions Bancorporation National Association UT now owns 1,216 shares of the company’s stock worth $82,000 after acquiring an additional 865 shares during the period.

CarMax Price Performance

Shares of NYSE KMX opened at $46.24 on Monday. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74. The company’s 50-day moving average price is $40.61 and its 200 day moving average price is $48.37. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $89.47. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.11 and a beta of 1.29.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.11. The company had revenue of $5.79 billion for the quarter, compared to the consensus estimate of $5.66 billion. CarMax had a net margin of 1.77% and a return on equity of 7.72%. The company’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, research analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of recent analyst reports. Mizuho reduced their price objective on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. William Blair cut CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, November 6th. Needham & Company LLC restated a “hold” rating on shares of CarMax in a research note on Friday, November 7th. Barclays increased their price objective on CarMax from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, Morgan Stanley set a $35.00 target price on shares of CarMax in a research report on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $39.64.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.