Dimensional Fund Advisors LP Buys 918,553 Shares of CarMax, Inc. $KMX

Dimensional Fund Advisors LP grew its position in CarMax, Inc. (NYSE:KMX) by 33.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,685,201 shares of the company’s stock after purchasing an additional 918,553 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.51% of CarMax worth $165,358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of KMX. Aviso Financial Inc. raised its holdings in CarMax by 107.0% in the 3rd quarter. Aviso Financial Inc. now owns 10,476 shares of the company’s stock worth $470,000 after acquiring an additional 5,416 shares during the period. Rafferty Asset Management LLC grew its position in shares of CarMax by 2.5% in the third quarter. Rafferty Asset Management LLC now owns 19,211 shares of the company’s stock valued at $862,000 after purchasing an additional 475 shares during the last quarter. Farley Capital L.P. increased its stake in shares of CarMax by 257.9% in the third quarter. Farley Capital L.P. now owns 72,494 shares of the company’s stock worth $3,253,000 after purchasing an additional 52,237 shares during the period. Integrated Advisors Network LLC lifted its position in shares of CarMax by 15.9% during the 3rd quarter. Integrated Advisors Network LLC now owns 5,454 shares of the company’s stock worth $245,000 after purchasing an additional 748 shares during the last quarter. Finally, Clifford Swan Investment Counsel LLC lifted its position in shares of CarMax by 5.6% during the 3rd quarter. Clifford Swan Investment Counsel LLC now owns 230,962 shares of the company’s stock worth $10,363,000 after purchasing an additional 12,267 shares during the last quarter.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of research analyst reports. Bank of America raised their target price on CarMax from $27.00 to $31.00 and gave the company an “underperform” rating in a report on Friday, December 19th. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research report on Sunday, February 22nd. Royal Bank Of Canada boosted their target price on shares of CarMax from $34.00 to $37.00 and gave the stock a “sector perform” rating in a research report on Friday, December 19th. Mizuho reduced their price target on shares of CarMax from $46.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Finally, Barclays raised their price target on shares of CarMax from $24.00 to $28.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, twelve have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $39.21.

CarMax Stock Up 0.6%

Shares of KMX stock opened at $42.46 on Tuesday. CarMax, Inc. has a one year low of $30.26 and a one year high of $82.79. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.99 and a quick ratio of 0.51. The stock has a fifty day moving average price of $44.16 and a 200 day moving average price of $44.99. The stock has a market cap of $6.02 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 0.99 and a beta of 1.35.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 18th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.12. The firm 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%. During the same quarter in the previous year, the company earned $0.81 earnings per share. The business’s revenue was down 6.9% compared to the same quarter last year. Analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current year.

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.