Balyasny Asset Management LLC lifted its holdings in shares of CarMax Inc (NYSE:KMX) by 543.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 638,700 shares of the company’s stock after purchasing an additional 539,451 shares during the period. Balyasny Asset Management LLC owned 0.35% of CarMax worth $40,276,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in KMX. UBS Asset Management Americas Inc. grew its holdings in shares of CarMax by 7.2% during the first quarter. UBS Asset Management Americas Inc. now owns 506,752 shares of the company’s stock worth $30,010,000 after purchasing an additional 34,033 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of CarMax by 9.3% during the first quarter. Mutual of America Capital Management LLC now owns 24,054 shares of the company’s stock worth $1,424,000 after purchasing an additional 2,041 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of CarMax by 3.2% during the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock worth $209,000 after purchasing an additional 110 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of CarMax during the first quarter worth $231,000. Finally, SG Americas Securities LLC grew its holdings in shares of CarMax by 21.4% during the first quarter. SG Americas Securities LLC now owns 28,842 shares of the company’s stock worth $1,708,000 after purchasing an additional 5,093 shares during the last quarter.

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Several analysts have recently commented on KMX shares. Oppenheimer Holdings, Inc. set a $72.00 target price on CarMax and gave the stock a “buy” rating in a report on Monday, June 19th. Royal Bank Of Canada raised CarMax from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $63.00 to $69.00 in a research note on Thursday, June 22nd. UBS AG lowered CarMax from a “positive” rating to a “neutral” rating in a research note on Thursday, June 22nd. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $70.00 price target (up previously from $66.00) on shares of CarMax in a research note on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $74.00 price target (up previously from $72.00) on shares of CarMax in a research note on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $77.57.

CarMax Inc (NYSE:KMX) traded down 0.16% during trading on Friday, reaching $75.81. The company’s stock had a trading volume of 1,402,111 shares. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 21.77 and a beta of 1.32. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $76.40. The firm has a 50 day moving average price of $66.11 and a 200-day moving average price of $62.70.

CarMax (NYSE:KMX) last announced its earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. The firm had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. On average, analysts expect that CarMax Inc will post $3.81 earnings per share for the current year.

In other CarMax news, EVP Eric M. Margolin sold 18,659 shares of CarMax stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $64.06, for a total transaction of $1,195,295.54. Following the transaction, the executive vice president now directly owns 47,163 shares of the company’s stock, valued at approximately $3,021,261.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Eric M. Margolin sold 26,838 shares of CarMax stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $64.15, for a total value of $1,721,657.70. Following the transaction, the executive vice president now directly owns 55,342 shares in the company, valued at $3,550,189.30. The disclosure for this sale can be found here. Insiders have sold a total of 646,329 shares of company stock worth $46,369,449 over the last ninety days. Company insiders own 1.70% of the company’s stock.

About CarMax

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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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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