Commerce Bank acquired a new stake in CarMax Inc (NYSE:KMX) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,675 shares of the company’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in shares of CarMax by 3.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock valued at $40,552,000 after buying an additional 24,390 shares during the last quarter. Calamos Advisors LLC lifted its position in shares of CarMax by 20.3% during the 2nd quarter. Calamos Advisors LLC now owns 341,647 shares of the company’s stock valued at $21,544,000 after buying an additional 57,657 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of CarMax by 8.3% during the 2nd quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock valued at $578,702,000 after buying an additional 706,369 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of CarMax by 16.1% during the 2nd quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock valued at $1,364,000 after buying an additional 3,002 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in shares of CarMax by 24.2% during the 2nd quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock valued at $3,957,000 after buying an additional 12,234 shares during the last quarter.

In other news, Director Thomas J. Folliard sold 16,000 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $68.39, for a total transaction of $1,094,240.00. Following the transaction, the director now directly owns 495,572 shares in the company, valued at approximately $33,892,169.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Nash sold 100,522 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $73.85, for a total value of $7,423,549.70. Following the transaction, the chief executive officer now owns 62,902 shares in the company, valued at $4,645,312.70. The disclosure for this sale can be found here. Insiders have sold a total of 617,955 shares of company stock worth $45,664,618 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

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CarMax Inc (NYSE:KMX) opened at $67.99 on Thursday. The company has a current ratio of 2.33, a quick ratio of 0.48 and a debt-to-equity ratio of 3.82. The company has a market capitalization of $12,535.19, a PE ratio of 18.89, a PEG ratio of 1.16 and a beta of 1.52. CarMax Inc has a 1 year low of $54.29 and a 1 year high of $77.64.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.95 by $0.03. The firm had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company’s revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 EPS. sell-side analysts anticipate that CarMax Inc will post 3.84 earnings per share for the current fiscal year.

A number of brokerages have recently commented on KMX. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Wednesday. Deutsche Bank AG cut CarMax from a “buy” rating to a “hold” rating and set a $76.00 price target on the stock. in a research report on Friday, November 17th. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. CIBC reaffirmed a “market perform” rating on shares of CarMax in a research report on Thursday, October 5th. Finally, Oppenheimer Holdings, Inc. cut CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price target on the stock. in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $77.00.

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.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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