Sei Investments Co. cut its stake in shares of CarMax Inc (NYSE:KMX) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 313,215 shares of the company’s stock after selling 3,126 shares during the quarter. Sei Investments Co. owned about 0.17% of CarMax worth $23,745,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of KMX. Korea Investment CORP grew its stake in shares of CarMax by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after purchasing an additional 1,033 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of CarMax during the 2nd quarter worth $112,000. Seven Eight Capital LP acquired a new position in shares of CarMax during the 2nd quarter worth $133,000. QS Investors LLC grew its stake in shares of CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after purchasing an additional 22 shares during the period. Finally, YorkBridge Wealth Partners LLC grew its stake in shares of CarMax by 1.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after purchasing an additional 29 shares during the period.
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A number of equities analysts have recently weighed in on the stock. Citigroup Inc. upped their price target on shares of CarMax to $84.00 and gave the stock a “buy” rating in a research note on Monday, September 25th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $75.00 price target (up from $66.00) on shares of CarMax in a research note on Tuesday, September 26th. CIBC upped their price target on shares of CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 19th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, September 26th. Finally, ValuEngine cut shares of CarMax from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $77.93.
In other news, 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 transaction of $1,756,970.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Diane L. Cafritz sold 5,671 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $73.95, for a total transaction of $419,370.45. Following the transaction, the senior vice president now owns 7,475 shares in the company, valued at $552,776.25. The disclosure for this sale can be found here. Insiders have sold a total of 609,955 shares of company stock worth $45,098,618 over the last ninety days. 1.90% of the stock is owned by corporate insiders.
CarMax Inc (KMX) traded up $0.50 during trading on Monday, hitting $72.68. 1,336,600 shares of the company’s stock traded hands, compared to its average volume of 2,209,242. CarMax Inc has a one year low of $52.50 and a one year high of $77.64. The firm has a market cap of $13,251.74, a PE ratio of 19.97, a P/E/G ratio of 1.23 and a beta of 1.52. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48.
CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the company earned $0.88 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities research analysts predict that CarMax Inc will post 3.83 earnings per share for the current fiscal year.
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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