CarMax, Inc (KMX) Position Trimmed by WINTON GROUP Ltd
WINTON GROUP Ltd cut its holdings in shares of CarMax, Inc (NYSE:KMX) by 13.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,065 shares of the company’s stock after selling 12,589 shares during the quarter. WINTON GROUP Ltd’s holdings in CarMax were worth $5,761,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Archford Capital Strategies LLC acquired a new stake in CarMax during the first quarter worth about $100,000. Piedmont Investment Advisors LLC acquired a new stake in CarMax during the second quarter worth about $149,000. Fuller & Thaler Asset Management Inc. increased its stake in CarMax by 57.7% during 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 during the last quarter. Fortis Advisors LLC increased its stake in CarMax by 50.0% during the first quarter. Fortis Advisors LLC now owns 3,000 shares of the company’s stock worth $186,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Federated Investors Inc. PA acquired a new stake in CarMax during the second quarter worth about $189,000.
In other CarMax news, CEO William D. Nash sold 74,130 shares of the firm’s stock in a transaction that occurred on Monday, July 16th. The stock was sold at an average price of $77.25, for a total transaction of $5,726,542.50. Following the completion of the sale, the chief executive officer now owns 150,631 shares in the company, valued at approximately $11,636,244.75. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Darren C. Newberry sold 1,831 shares of the firm’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 sale, 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. In the last quarter, insiders sold 666,816 shares of company stock valued at $50,495,526. Insiders own 1.97% of the company’s stock.
CarMax (NYSE:KMX) last posted its earnings results on Friday, June 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.09. CarMax had a return on equity of 21.54% and a net margin of 3.98%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.60 billion. During the same quarter last year, the firm earned $1.13 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities analysts predict that CarMax, Inc will post 4.61 earnings per share for the current year.
Several equities research analysts have commented on the company. Morgan Stanley upgraded CarMax from an “underweight” rating to an “overweight” rating in a research note on Tuesday, July 10th. TheStreet upgraded CarMax from a “c+” rating to a “b” rating in a research note on Friday, June 1st. Robert W. Baird upped their price target on CarMax from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Monday, June 25th. Buckingham Research lowered CarMax from a “buy” rating to a “neutral” rating and upped their price target for the stock from $75.00 to $84.00 in a research note on Monday, June 25th. They noted that the move was a valuation call. Finally, ValuEngine lowered CarMax from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $83.72.
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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