CANADA LIFE ASSURANCE Co Has $14.57 Million Stock Position in CarMax, Inc. (NYSE:KMX)

CANADA LIFE ASSURANCE Co grew its stake in CarMax, Inc. (NYSE:KMX) by 29.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,138 shares of the company’s stock after purchasing an additional 37,660 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.11% of CarMax worth $14,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Allworth Financial LP grew its position in CarMax by 153.3% during the 4th quarter. Allworth Financial LP now owns 342 shares of the company’s stock worth $26,000 after acquiring an additional 207 shares during the last quarter. Mendota Financial Group LLC bought a new stake in CarMax during the 4th quarter worth approximately $37,000. MCF Advisors LLC bought a new stake in CarMax during the 4th quarter worth approximately $46,000. Lindbrook Capital LLC grew its position in CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after acquiring an additional 155 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in CarMax during the 1st quarter worth approximately $55,000.

CarMax Stock Up 2.1 %

Shares of NYSE KMX traded up $1.67 during mid-day trading on Thursday, hitting $81.57. The company had a trading volume of 638,602 shares, compared to its average volume of 1,997,794. The company has a market capitalization of $12.73 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 1.63 and a beta of 1.69. The firm has a 50-day simple moving average of $73.29 and a two-hundred day simple moving average of $74.31. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The company had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. CarMax’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. On average, equities analysts expect that CarMax, Inc. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on KMX. Mizuho decreased their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Evercore ISI increased their price objective on CarMax from $68.00 to $72.00 and gave the company an “in-line” rating in a research report on Tuesday, July 16th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Monday, June 24th. Needham & Company LLC decreased their price objective on CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Finally, Wedbush increased their price objective on CarMax from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $76.25.

Insider Buying and Selling

In related news, COO Charles Joseph Wilson sold 10,021 shares of CarMax stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the completion of the transaction, the chief operating officer now owns 15,609 shares in the company, valued at $1,249,032.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Enrique N. Mayor-Mora sold 9,318 shares of CarMax stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total transaction of $777,680.28. Following the completion of the transaction, the chief financial officer now owns 20,260 shares in the company, valued at $1,690,899.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Charles Joseph Wilson sold 10,021 shares of CarMax stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the transaction, the chief operating officer now owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 160,243 shares of company stock worth $12,836,542. Company insiders own 1.66% of the company’s stock.

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.