Advisor Group Inc. grew its stake in shares of CarMax, Inc (NYSE:KMX) by 161.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,070 shares of the company’s stock after buying an additional 33,402 shares during the period. Advisor Group Inc.’s holdings in CarMax were worth $3,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantamental Technologies LLC bought a new stake in shares of CarMax during the fourth quarter valued at about $27,000. Citizens Financial Group Inc RI bought a new stake in shares of CarMax during the fourth quarter valued at about $33,000. Liberty Wealth Management LLC bought a new stake in shares of CarMax during the first quarter valued at about $39,000. Semmax Financial Advisors Inc. bought a new stake in shares of CarMax during the fourth quarter valued at about $48,000. Finally, Enlightenment Research LLC bought a new stake in shares of CarMax during the fourth quarter valued at about $50,000.

KMX stock opened at $78.28 on Monday. The company has a current ratio of 2.45, a quick ratio of 0.53 and a debt-to-equity ratio of 4.11. The company has a market capitalization of $12.98 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.25 and a beta of 1.31. CarMax, Inc has a 1-year low of $55.24 and a 1-year high of $81.67.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, March 29th. The company reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.09. The company had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.36 billion. CarMax had a net margin of 4.64% and a return on equity of 24.67%. CarMax’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. As a group, sell-side analysts predict that CarMax, Inc will post 5.14 earnings per share for the current year.

Several brokerages have recently weighed in on KMX. Credit Suisse Group upped their price target on CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Wedbush reiterated a “neutral” rating on shares of CarMax in a research report on Friday, May 17th. Buckingham Research upped their price target on CarMax from $76.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, ValuEngine upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $82.36.

In related news, SVP Diane L. Cafritz sold 3,484 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $71.04, for a total value of $247,503.36. Following the transaction, the senior vice president now directly owns 11,331 shares in the company, valued at $804,954.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Eric M. Margolin sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the completion of the transaction, the executive vice president now owns 35,160 shares in the company, valued at $2,733,338.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 383,655 shares of company stock worth $27,437,638. 2.09% of the stock is owned by company insiders.

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About CarMax

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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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