DnB Asset Management AS decreased its holdings in CarMax, Inc (NYSE:KMX) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 578,715 shares of the company’s stock after selling 121,400 shares during the period. DnB Asset Management AS’s holdings in CarMax were worth $37,113,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. QS Investors LLC increased its holdings in shares of CarMax by 1.0% in 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 in the last quarter. YorkBridge Wealth Partners LLC increased its holdings in shares of CarMax by 1.3% in 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 in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of CarMax by 2.3% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock worth $441,000 after purchasing an additional 160 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in shares of CarMax by 0.3% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 88,144 shares of the company’s stock worth $5,558,000 after purchasing an additional 248 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in shares of CarMax by 8.1% in the 2nd quarter. Pacer Advisors Inc. now owns 3,810 shares of the company’s stock worth $240,000 after purchasing an additional 287 shares in the last quarter.
A number of analysts have commented on KMX shares. Credit Suisse Group raised CarMax to a “buy” rating and set a $83.00 target price for the company in a report on Monday, December 25th. Deutsche Bank reduced their target price on CarMax from $84.00 to $76.00 and set a “hold” rating for the company in a report on Sunday, November 26th. CIBC reissued a “market perform” rating on shares of CarMax in a report on Thursday, October 5th. Wedbush reissued an “outperform” rating and issued a $81.00 target price on shares of CarMax in a report on Friday, December 22nd. Finally, Northcoast Research raised CarMax from a “neutral” rating to a “buy” rating in a report on Thursday, December 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. CarMax has an average rating of “Hold” and a consensus price target of $76.27.
CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (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 return on equity of 21.77% and a net margin of 4.07%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $0.72 earnings per share. research analysts predict that CarMax, Inc will post 3.86 earnings per share for the current year.
In related news, Director William R. Tiefel sold 13,000 shares of CarMax stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $75.30, for a total transaction of $978,900.00. Following the transaction, the director now directly owns 151,659 shares in the company, valued at $11,419,922.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $64.04, for a total value of $512,320.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,453 shares of company stock worth $6,578,041. Company insiders own 1.90% of the company’s stock.
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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