CarMax Inc (KMX) Position Lowered by Nicholas Company Inc.

Nicholas Company Inc. decreased its stake in shares of CarMax Inc (NYSE:KMX) by 35.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 131,895 shares of the company’s stock after selling 73,540 shares during the period. Nicholas Company Inc. owned about 0.07% of CarMax worth $7,810,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Bayesian Capital Management LP raised its stake in shares of CarMax by 43.6% in the fourth quarter. Bayesian Capital Management LP now owns 13,600 shares of the company’s stock valued at $876,000 after buying an additional 4,130 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new position in shares of CarMax during the fourth quarter worth about $3,308,000. Asset Management One Co. Ltd. increased its position in shares of CarMax by 1,705.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 333,022 shares of the company’s stock worth $21,432,000 after buying an additional 314,573 shares during the last quarter. Aviva PLC increased its position in shares of CarMax by 9.1% in the fourth quarter. Aviva PLC now owns 125,792 shares of the company’s stock worth $8,102,000 after buying an additional 10,447 shares during the last quarter. Finally, Elkfork Partners LLC bought a new position in shares of CarMax during the fourth quarter worth about $707,000.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

Shares of CarMax Inc (KMX) traded up 1.58% during mid-day trading on Monday, reaching $61.65. The company had a trading volume of 4,013,490 shares. CarMax Inc has a 1-year low of $45.06 and a 1-year high of $69.11. The company has a market capitalization of $11.45 billion, a PE ratio of 18.91 and a beta of 1.25. The stock’s 50-day moving average price is $61.51 and its 200 day moving average price is $62.65. CarMax also was the recipient of unusually large options trading on Friday. Stock investors purchased 7,973 call options on the stock. This is an increase of 127% compared to the average daily volume of 3,515 call options.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, April 6th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.02. The firm had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.94 billion. CarMax had a return on equity of 20.85% and a net margin of 3.95%. CarMax’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 earnings per share. Equities analysts expect that CarMax Inc will post $3.52 EPS for the current year.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Tuesday, February 21st. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $72.00 target price on shares of CarMax in a research note on Monday, March 13th. ValuEngine cut shares of CarMax from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Wedbush upgraded shares of CarMax from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $60.00 to $70.00 in a research note on Thursday, May 18th. Finally, Susquehanna Bancshares Inc set a $70.00 price objective on shares of CarMax and gave the stock a “buy” rating in a research note on Friday, April 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $67.00.

In related news, Director Edgar H. Grubb sold 2,000 shares of CarMax stock in a transaction on Friday, April 21st. The stock was sold at an average price of $58.24, for a total transaction of $116,480.00. Following the completion of the transaction, the director now directly owns 42,005 shares of the company’s stock, valued at $2,446,371.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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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