Andra AP fonden cut its holdings in CarMax, Inc (NYSE:KMX) by 2.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,600 shares of the company’s stock after selling 1,500 shares during the period. Andra AP fonden’s holdings in CarMax were worth $3,979,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Archford Capital Strategies LLC purchased a new stake in shares of CarMax in the 1st quarter worth about $100,000. Piedmont Investment Advisors LLC purchased a new stake in shares of CarMax in the 2nd quarter worth about $149,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of CarMax by 57.7% in the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock worth $149,000 after buying an additional 750 shares in the last quarter. Federated Investors Inc. PA purchased a new position in CarMax in the 2nd quarter valued at about $189,000. Finally, Qube Research & Technologies Ltd purchased a new position in CarMax in the 2nd quarter valued at about $190,000.

A number of research analysts have issued reports on the stock. Buckingham Research lowered shares of CarMax from a “buy” rating to a “neutral” rating and upped their target price for the company from $75.00 to $84.00 in a report on Monday, June 25th. They noted that the move was a valuation call. Guggenheim lowered shares of CarMax from a “buy” rating to a “neutral” rating and set a $72.00 target price on the stock. in a report on Monday, June 25th. They noted that the move was a valuation call. ValuEngine upgraded shares of CarMax from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Wedbush upped their target price on shares of CarMax from $75.00 to $85.00 and gave the company an “outperform” rating in a report on Monday, June 25th. Finally, Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Tuesday, July 10th. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $84.13.

In other news, SVP Darren C. Newberry sold 1,831 shares of the stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $73.80, for a total transaction of $135,127.80. Following the transaction, the senior vice president now directly owns 2,481 shares in the company, valued at approximately $183,097.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William D. Nash sold 74,130 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 150,631 shares in the company, valued at $11,636,244.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,293 shares of company stock worth $21,903,363. Insiders own 1.97% of the company’s stock.

Shares of KMX stock opened at $73.82 on Friday. The stock has a market cap of $13.40 billion, a PE ratio of 19.95, a P/E/G ratio of 1.12 and a beta of 1.57. CarMax, Inc has a 1-year low of $57.05 and a 1-year high of $81.67. The company has a debt-to-equity ratio of 3.80, a quick ratio of 0.54 and a current ratio of 2.30.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, September 26th. The company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.02. The business had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.65 billion. CarMax had a net margin of 3.98% and a return on equity of 21.54%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. analysts forecast that CarMax, Inc will post 4.61 earnings per share for the current fiscal year.

CarMax Company Profile

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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