First Quadrant L P CA held its position in CarMax Inc (NYSE:KMX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,100 shares of the company’s stock at the end of the second quarter. First Quadrant L P CA’s holdings in CarMax were worth $637,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of KMX. Vanguard Group Inc. increased its position in CarMax by 1.4% in the first quarter. Vanguard Group Inc. now owns 17,805,146 shares of the company’s stock worth $1,054,422,000 after buying an additional 247,809 shares in the last quarter. BlackRock Inc. increased its position in shares of CarMax by 3,199.4% in the first quarter. BlackRock Inc. now owns 11,088,633 shares of the company’s stock worth $656,668,000 after buying an additional 10,752,554 shares in the last quarter. Broad Run Investment Management LLC increased its position in shares of CarMax by 2.9% in the first quarter. Broad Run Investment Management LLC now owns 3,347,395 shares of the company’s stock worth $198,233,000 after buying an additional 93,933 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CarMax by 7.9% in the first quarter. Geode Capital Management LLC now owns 1,767,668 shares of the company’s stock worth $104,528,000 after buying an additional 128,732 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of CarMax by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,160,141 shares of the company’s stock worth $68,707,000 after buying an additional 50,441 shares in the last quarter.
CarMax Inc (KMX) opened at 64.87 on Wednesday. The firm’s 50-day moving average is $64.07 and its 200 day moving average is $62.87. CarMax Inc has a one year low of $47.50 and a one year high of $69.11. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 18.63 and a beta of 1.34.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.15. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.90 EPS. Analysts forecast that CarMax Inc will post $3.70 EPS for the current fiscal year.
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A number of equities analysts have recently commented on KMX shares. Zacks Investment Research raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. ValuEngine downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Wedbush raised shares of CarMax from a “neutral” rating to an “outperform” rating and raised their target price for the company from $60.00 to $70.00 in a research note on Thursday, May 18th. Susquehanna Bancshares Inc reissued a “neutral” rating and issued a $70.00 target price (up previously from $66.00) on shares of CarMax in a research note on Thursday, June 22nd. Finally, Royal Bank Of Canada reissued a “market perform” rating and issued a $63.00 target price (down previously from $71.00) on shares of CarMax in a research note on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. CarMax presently has an average rating of “Buy” and a consensus target price of $69.00.
In other news, Director Thomas J. Folliard sold 50,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $61.41, for a total value of $3,070,500.00. Following the sale, the director now owns 509,166 shares of the company’s stock, valued at approximately $31,267,884.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Edwin J. Hill sold 35,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following the completion of the sale, the executive vice president now directly owns 39,792 shares in the company, valued at approximately $2,581,704.96. The disclosure for this sale can be found here. Insiders sold a total of 188,515 shares of company stock worth $12,085,019 in the last three months. Insiders own 1.90% of the company’s stock.
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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