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.
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.
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