Hills Bank & Trust Co Sells 210 Shares of CarMax, Inc. (NYSE:KMX)

Hills Bank & Trust Co trimmed its stake in CarMax, Inc. (NYSE:KMX) by 3.6% in the second quarter, Holdings Channel reports. The firm owned 5,602 shares of the company’s stock after selling 210 shares during the quarter. Hills Bank & Trust Co’s holdings in CarMax were worth $411,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in KMX. Norges Bank acquired a new stake in shares of CarMax in the fourth quarter valued at approximately $288,278,000. Morningstar Investment Services LLC lifted its holdings in CarMax by 95.4% during the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after purchasing an additional 1,326,840 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in CarMax by 1,327.3% in the 1st quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock valued at $89,070,000 after buying an additional 951,558 shares in the last quarter. Epoch Investment Partners Inc. lifted its holdings in shares of CarMax by 3,094.0% during the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock worth $51,949,000 after buying an additional 577,685 shares in the last quarter. Finally, Verition Fund Management LLC boosted its position in shares of CarMax by 5,711.9% in the fourth quarter. Verition Fund Management LLC now owns 427,176 shares of the company’s stock valued at $32,781,000 after acquiring an additional 419,826 shares during the period.

Insiders Place Their Bets

In other news, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the sale, the senior vice president now owns 995 shares of the company’s stock, valued at $72,097.70. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at $14,465,600.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,243 shares of company stock valued at $14,893,042. 1.66% of the stock is currently owned by company insiders.

CarMax Trading Up 0.0 %

NYSE:KMX traded up $0.03 during mid-day trading on Monday, hitting $85.81. 514,189 shares of the company’s stock were exchanged, compared to its average volume of 1,926,254. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The firm has a market capitalization of $13.39 billion, a P/E ratio of 33.51, a PEG ratio of 1.66 and a beta of 1.69. The company has a 50 day simple moving average of $77.37 and a 200-day simple moving average of $75.69.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. The company had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. CarMax’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.16 earnings per share. As a group, research analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KMX shares. Royal Bank of Canada lifted their price target on shares of CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 24th. Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Monday, June 24th. Evercore ISI increased their target price on CarMax from $68.00 to $72.00 and gave the stock an “in-line” rating in a report on Tuesday, July 16th. Mizuho dropped their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Finally, Argus upgraded shares of CarMax to a “hold” rating in a research note on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and an average price target of $76.25.

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.