Mercer Global Advisors Inc. ADV Has $1.65 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Mercer Global Advisors Inc. ADV grew its stake in shares of CarMax, Inc. (NYSE:KMXGet Rating) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,677 shares of the company’s stock after purchasing an additional 719 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in CarMax were worth $1,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in KMX. Kovitz Investment Group Partners LLC raised its position in shares of CarMax by 2.8% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 569,180 shares of the company’s stock worth $56,690,000 after purchasing an additional 15,553 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its position in shares of CarMax by 9.6% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,484 shares of the company’s stock worth $584,000 after acquiring an additional 391 shares in the last quarter. Kentucky Retirement Systems increased its position in shares of CarMax by 11.8% during the fourth quarter. Kentucky Retirement Systems now owns 10,240 shares of the company’s stock worth $1,334,000 after acquiring an additional 1,084 shares in the last quarter. Atria Investments LLC increased its position in shares of CarMax by 14.6% during the fourth quarter. Atria Investments LLC now owns 28,227 shares of the company’s stock worth $3,676,000 after acquiring an additional 3,595 shares in the last quarter. Finally, Redmond Asset Management LLC increased its position in shares of CarMax by 4.1% during the fourth quarter. Redmond Asset Management LLC now owns 37,936 shares of the company’s stock worth $4,940,000 after acquiring an additional 1,486 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors.

Shares of KMX stock opened at $90.38 on Friday. The stock has a market capitalization of $14.51 billion, a P/E ratio of 12.99, a PEG ratio of 0.87 and a beta of 1.45. The company has a current ratio of 3.20, a quick ratio of 0.70 and a debt-to-equity ratio of 3.47. The firm’s 50 day moving average is $100.69 and its 200 day moving average is $120.73. CarMax, Inc. has a 12 month low of $89.53 and a 12 month high of $155.98.

CarMax (NYSE:KMXGet Rating) last announced its quarterly earnings results on Tuesday, April 12th. The company reported $0.98 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.36). CarMax had a net margin of 3.61% and a return on equity of 22.74%. The firm had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the previous year, the business earned $1.27 earnings per share. The firm’s revenue for the quarter was up 48.8% on a year-over-year basis. On average, equities analysts predict that CarMax, Inc. will post 6.76 EPS for the current year.

Several research firms have recently commented on KMX. TheStreet downgraded shares of CarMax from a “b-” rating to a “c+” rating in a research report on Tuesday, April 12th. Robert W. Baird dropped their target price on shares of CarMax from $140.00 to $120.00 in a research note on Wednesday, April 13th. Wedbush dropped their target price on shares of CarMax from $95.00 to $90.00 in a research note on Wednesday, April 13th. StockNews.com initiated coverage on shares of CarMax in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, Bank of America cut shares of CarMax from a “buy” rating to a “neutral” rating and dropped their target price for the company from $195.00 to $165.00 in a research note on Wednesday, April 6th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $130.64.

CarMax Company Profile (Get Rating)

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through whole auctions.

Further Reading

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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