Fox Run Management L.L.C. Sells 2,715 Shares of CarMax, Inc (KMX)

Share on StockTwits

Fox Run Management L.L.C. lowered its stake in CarMax, Inc (NYSE:KMX) by 41.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,830 shares of the company’s stock after selling 2,715 shares during the period. Fox Run Management L.L.C.’s holdings in CarMax were worth $286,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC purchased a new position in CarMax in the second quarter worth about $149,000. Fuller & Thaler Asset Management Inc. grew its position in CarMax by 57.7% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock worth $149,000 after acquiring an additional 750 shares in the last quarter. Federated Investors Inc. PA purchased a new position in CarMax in the second quarter worth about $189,000. Qube Research & Technologies Ltd purchased a new position in CarMax in the second quarter worth about $190,000. Finally, Private Advisor Group LLC purchased a new position in CarMax in the second quarter worth about $209,000.

Shares of NYSE:KMX opened at $67.86 on Friday. CarMax, Inc has a 1 year low of $57.05 and a 1 year high of $81.67. The company has a market cap of $13.18 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.21 and a beta of 1.59. The company has a quick ratio of 0.52, a current ratio of 2.35 and a debt-to-equity ratio of 3.78.

CarMax (NYSE:KMX) last announced its earnings results on Wednesday, September 26th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.02. CarMax had a return on equity of 22.26% and a net margin of 4.12%. The business had revenue of $4.77 billion during the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts anticipate that CarMax, Inc will post 4.63 EPS for the current fiscal year.

Several research analysts recently commented on KMX shares. ValuEngine upgraded CarMax from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Guggenheim lowered CarMax from a “buy” rating to a “neutral” rating and set a $72.00 price target for the company. in a research report on Monday, June 25th. They noted that the move was a valuation call. Wedbush lifted their price target on CarMax from $75.00 to $85.00 and gave the stock an “outperform” rating in a research report on Monday, June 25th. Buckingham Research lowered CarMax from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $75.00 to $84.00 in a research report on Monday, June 25th. They noted that the move was a valuation call. Finally, Robert W. Baird lifted their price target on CarMax from $80.00 to $90.00 and gave the stock a “neutral” rating in a research report on Monday, June 25th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $83.93.

In other CarMax news, SVP Mohammad Shamim sold 34,142 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $74.16, for a total transaction of $2,531,970.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Darren C. Newberry sold 1,831 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $73.80, for a total value of $135,127.80. Following the transaction, the senior vice president now owns 2,481 shares of the company’s stock, valued at approximately $183,097.80. The disclosure for this sale can be found here. Insiders have sold 147,603 shares of company stock valued at $11,295,016 in the last 90 days. Company insiders own 1.97% of the company’s stock.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

Further Reading: Understanding Average Daily Trade Volume

Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc (NYSE:KMX).

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply