Andra AP fonden grew its stake in CarMax Inc (NYSE:KMX) by 107.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,900 shares of the company’s stock after acquiring an additional 4,600 shares during the quarter. Andra AP fonden’s holdings in CarMax were worth $675,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Korea Investment CORP lifted its position in shares of CarMax by 140.5% in the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after acquiring an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in CarMax during the second quarter worth about $112,000. Seven Eight Capital LP purchased a new position in CarMax during the second quarter worth about $133,000. QS Investors LLC lifted its position in CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after buying an additional 22 shares during the period. Finally, YorkBridge Wealth Partners LLC lifted its position in CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after buying an additional 29 shares during the period.
In other news, Director William R. Tiefel sold 13,000 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $75.30, for a total value of $978,900.00. Following the completion of the sale, the director now owns 151,659 shares in the company, valued at $11,419,922.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William R. Tiefel sold 23,000 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total value of $1,756,970.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 609,955 shares of company stock valued at $45,098,618. Insiders own 1.90% of the company’s stock.
KMX has been the topic of several recent analyst reports. Zacks Investment Research downgraded CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Wedbush reiterated an “outperform” rating and set a $77.00 target price (up from $73.00) on shares of CarMax in a research report on Wednesday, September 13th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of CarMax in a research report on Friday, September 1st. Goldman Sachs Group, Inc. (The) downgraded CarMax from a “buy” rating to a “neutral” rating and increased their target price for the stock from $74.00 to $79.00 in a research report on Monday, September 25th. Finally, Berenberg Bank initiated coverage on CarMax in a research report on Wednesday, October 4th. They set a “hold” rating and a $83.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. CarMax currently has an average rating of “Hold” and an average target price of $77.93.
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Shares of CarMax Inc (NYSE KMX) opened at $70.94 on Wednesday. The company has a market capitalization of $13,191.58, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.22 and a beta of 1.52. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33. CarMax Inc has a 12 month low of $54.17 and a 12 month high of $77.64.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. sell-side analysts anticipate that CarMax Inc will post 3.84 EPS for the current fiscal year.
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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