Teacher Retirement System of Texas bought a new stake in shares of CarMax, Inc (NYSE:KMX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,332 shares of the company’s stock, valued at approximately $3,228,000.
A number of other hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in CarMax by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock valued at $706,487,000 after acquiring an additional 142,175 shares during the period. Russell Investments Group Ltd. lifted its holdings in CarMax by 17.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,286,569 shares of the company’s stock worth $97,535,000 after buying an additional 187,488 shares during the period. Dimensional Fund Advisors LP lifted its holdings in CarMax by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,184,080 shares of the company’s stock worth $89,766,000 after buying an additional 3,892 shares during the period. Wells Fargo & Company MN lifted its holdings in CarMax by 15.1% in the 3rd quarter. Wells Fargo & Company MN now owns 973,213 shares of the company’s stock worth $73,778,000 after buying an additional 127,929 shares during the period. Finally, Legal & General Group Plc lifted its holdings in CarMax by 0.7% in the 3rd quarter. Legal & General Group Plc now owns 931,576 shares of the company’s stock worth $70,623,000 after buying an additional 6,069 shares during the period.
In related news, SVP Darren C. Newberry sold 6,584 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total transaction of $478,064.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $61.92, for a total value of $495,360.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,584 shares of company stock valued at $4,605,664. 1.90% of the stock is currently owned by company insiders.
CarMax (NYSE:KMX) last released its earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $0.82 by ($0.01). The firm had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. analysts expect that CarMax, Inc will post 3.82 earnings per share for the current year.
Several equities research analysts have weighed in on KMX shares. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Deutsche Bank cut CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective for the company. in a report on Friday, November 17th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Wednesday, November 22nd. Moffett Nathanson started coverage on CarMax in a report on Monday, December 4th. They issued a “neutral” rating for the company. Finally, Oppenheimer reiterated a “hold” rating and issued a $80.00 price objective on shares of CarMax in a report on Wednesday, December 6th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $79.68.
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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