4,300 Shares in CarMax Inc (KMX) Acquired by Andra AP fonden

Andra AP fonden purchased a new position in shares of CarMax Inc (NYSE:KMX) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,300 shares of the company’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. grew its position in CarMax by 2.4% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after acquiring an additional 49 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of CarMax by 1.2% during the first quarter. Flinton Capital Management LLC now owns 5,232 shares of the company’s stock valued at $310,000 after purchasing an additional 64 shares in the last quarter. Meadow Creek Investment Management LLC boosted its position in shares of CarMax by 1.2% during the first quarter. Meadow Creek Investment Management LLC now owns 7,194 shares of the company’s stock valued at $426,000 after purchasing an additional 88 shares in the last quarter. Osborne Partners Capital Management LLC boosted its position in shares of CarMax by 0.5% during the second quarter. Osborne Partners Capital Management LLC now owns 18,565 shares of the company’s stock valued at $1,171,000 after purchasing an additional 90 shares in the last quarter. Finally, Argent Trust Co raised its stake in CarMax by 1.7% during the first quarter. Argent Trust Co now owns 5,485 shares of the company’s stock valued at $325,000 after buying an additional 91 shares during the last quarter.

A number of research analysts have issued reports on the company. Deutsche Bank AG lowered their price objective on CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Tuesday, July 4th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 price target for the company in a research note on Wednesday, August 16th. UBS AG cut CarMax from a “positive” rating to a “neutral” rating in a research note on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $74.00 price target (up previously from $72.00) on shares of CarMax in a research note on Thursday, June 22nd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating on shares of CarMax in a research note on Thursday, May 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. CarMax presently has a consensus rating of “Buy” and an average target price of $70.82.

In other news, SVP Mohammad Shamim sold 13,938 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $66.08, for a total transaction of $921,023.04. Following the sale, the senior vice president now directly owns 9,218 shares in the company, valued at approximately $609,125.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $66.87, for a total value of $573,945.21. Following the sale, the chief financial officer now owns 70,522 shares in the company, valued at $4,715,806.14. The disclosure for this sale can be found here. Insiders have sold a total of 188,515 shares of company stock worth $12,085,019 over the last 90 days. Insiders own 1.70% of the company’s stock.

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CarMax Inc (NYSE:KMX) traded down 1.28% during trading on Friday, hitting $68.57. The stock had a trading volume of 470,584 shares. The company has a market cap of $12.57 billion, a price-to-earnings ratio of 19.69 and a beta of 1.32. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $69.66. The firm’s 50-day moving average price is $65.95 and its 200-day moving average price is $62.67.

CarMax (NYSE:KMX) last released its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.15. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue was up 10.1% on a year-over-year basis. Analysts predict that CarMax Inc will post $3.72 EPS for the current fiscal year.

CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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