Nuveen Asset Management LLC Has $1.30 Million Position in CarMax Inc (KMX)

Nuveen Asset Management LLC lowered its position in shares of CarMax Inc (NYSE:KMX) by 66.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 21,876 shares of the company’s stock after selling 44,161 shares during the period. Nuveen Asset Management LLC’s holdings in CarMax were worth $1,295,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in KMX. First Bank & Trust boosted its stake in shares of CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock worth $123,000 after buying an additional 138 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after buying an additional 49 shares during the period. Global X Management Co. LLC boosted its stake in shares of CarMax by 7.3% in the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock worth $148,000 after buying an additional 169 shares during the period. Pacer Advisors Inc. boosted its stake in shares of CarMax by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock worth $209,000 after buying an additional 110 shares during the period. Finally, Advisor Partners LLC boosted its stake in shares of CarMax by 7.9% in the first quarter. Advisor Partners LLC now owns 3,609 shares of the company’s stock worth $214,000 after buying an additional 263 shares during the period.

CarMax Inc (KMX) opened at 64.38 on Friday. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $69.11. The company has a 50 day moving average price of $62.71 and a 200 day moving average price of $62.82. The stock has a market capitalization of $11.80 billion, a price-to-earnings ratio of 18.49 and a beta of 1.34.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The business had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the previous year, the company posted $0.90 EPS. CarMax’s revenue was up 10.1% on a year-over-year basis. Equities research analysts predict that CarMax Inc will post $3.70 earnings per share for the current year.

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A number of equities research analysts have commented on KMX shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of CarMax in a report on Wednesday, April 5th. CIBC reiterated a “buy” rating on shares of CarMax in a report on Thursday, April 6th. Deutsche Bank AG lowered their target price on CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. Susquehanna Bancshares Inc set a $70.00 price target on CarMax and gave the stock a “buy” rating in a research note on Friday, April 7th. Finally, Credit Suisse Group set a $75.00 price target on CarMax and gave the stock a “buy” rating in a research note on Monday, April 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $69.00.

In other news, Director Thomas J. Folliard sold 50,000 shares of the business’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the transaction, the director now directly owns 509,166 shares in the company, valued at approximately $31,267,884.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Edwin J. Hill sold 35,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following the transaction, the executive vice president now owns 39,792 shares in the company, valued at $2,581,704.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,497 shares of company stock worth $8,258,253. 1.70% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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