Mason Street Advisors LLC Invests $1,280,000 in CarMax Inc. (KMX)
Mason Street Advisors LLC acquired a new position in shares of CarMax Inc. (NYSE:KMX) during the second quarter, Holdings Channel reports. The firm acquired 26,108 shares of the company’s stock, valued at approximately $1,280,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in CarMax during the fourth quarter worth about $93,465,000. Chevy Chase Trust Holdings Inc. raised its position in CarMax by 0.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 165,152 shares of the company’s stock worth $8,439,000 after buying an additional 1,447 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in CarMax by 12.1% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 46,713 shares of the company’s stock worth $2,387,000 after buying an additional 5,060 shares in the last quarter. Exxonmobil Investment Management Inc. TX raised its position in CarMax by 4.9% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 47,655 shares of the company’s stock worth $2,435,000 after buying an additional 2,236 shares in the last quarter. Finally, First Manhattan Co. raised its position in CarMax by 7.8% in the first quarter. First Manhattan Co. now owns 145,811 shares of the company’s stock worth $7,450,000 after buying an additional 10,583 shares in the last quarter.
Shares of CarMax Inc. (NYSE:KMX) opened at 54.62 on Thursday. CarMax Inc. has a 1-year low of $41.25 and a 1-year high of $60.81. The company has a market cap of $10.46 billion, a P/E ratio of 17.85 and a beta of 1.46. The stock has a 50 day moving average price of $58.32 and a 200-day moving average price of $53.57.
CarMax (NYSE:KMX) last posted its quarterly earnings results on Wednesday, September 21st. The company reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. CarMax had a return on equity of 20.54% and a net margin of 4.04%. The business earned $4 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter last year, the company posted $0.79 earnings per share. CarMax’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts predict that CarMax Inc. will post $3.29 earnings per share for the current fiscal year.
KMX has been the subject of a number of analyst reports. Oppenheimer Holdings Inc. restated a “buy” rating and set a $60.00 price objective on shares of CarMax in a research report on Tuesday, June 7th. Wedbush restated a “hold” rating and set a $44.00 price objective on shares of CarMax in a research report on Thursday, June 16th. Buckingham Research restated a “buy” rating and set a $60.00 price objective on shares of CarMax in a research report on Tuesday, June 21st. Robert W. Baird restated a “neutral” rating and set a $58.00 price objective (down previously from $60.00) on shares of CarMax in a research report on Wednesday, June 22nd. Finally, Susquehanna initiated coverage on CarMax in a research report on Thursday, August 25th. They set a “positive” rating and a $70.00 price objective for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.47.
In related news, VP Natalie L. Wyatt sold 1,417 shares of CarMax stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $57.81, for a total transaction of $81,916.77. Following the completion of the transaction, the vice president now owns 3,020 shares in the company, valued at $174,586.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Eric M. Margolin sold 12,639 shares of CarMax stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $60.21, for a total value of $760,994.19. Following the transaction, the executive vice president now owns 38,303 shares of the company’s stock, valued at approximately $2,306,223.63. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
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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