Hsbc Holdings PLC raised its stake in shares of CarMax, Inc (NYSE:KMX) by 43.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,996 shares of the company’s stock after buying an additional 34,101 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of CarMax worth $8,363,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KMX. CWM LLC increased its position in shares of CarMax by 266.0% in the third quarter. CWM LLC now owns 1,442 shares of the company’s stock worth $108,000 after acquiring an additional 1,048 shares in the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of CarMax in the third quarter worth approximately $123,000. JNBA Financial Advisors increased its position in shares of CarMax by 3,526.9% in the third quarter. JNBA Financial Advisors now owns 1,886 shares of the company’s stock worth $141,000 after acquiring an additional 1,834 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of CarMax in the second quarter worth approximately $149,000. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of CarMax by 57.7% in 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 in the last quarter.

In related news, SVP Jon G. Daniels sold 16,325 shares of the business’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $70.88, for a total transaction of $1,157,116.00. Following the transaction, the senior vice president now owns 16,325 shares of the company’s stock, valued at $1,157,116. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Mohammad Shamim sold 34,142 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $74.16, for a total transaction of $2,531,970.72. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on the stock. ValuEngine raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Friday, October 5th. Wolfe Research initiated coverage on shares of CarMax in a research report on Tuesday, October 2nd. They issued a “peer perform” rating on the stock. Robert W. Baird upgraded shares of CarMax from a “neutral” rating to an “outperform” rating in a report on Thursday, September 27th. Finally, Wedbush restated an “outperform” rating and set a $85.00 price target on shares of CarMax in a report on Thursday, August 16th. Five analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $83.93.

Shares of CarMax stock opened at $64.05 on Thursday. The company has a quick ratio of 0.52, a current ratio of 2.35 and a debt-to-equity ratio of 3.78. CarMax, Inc has a 1-year low of $57.05 and a 1-year high of $81.67. The firm has a market capitalization of $11.18 billion, a PE ratio of 17.31, a PEG ratio of 0.94 and a beta of 1.60.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Wednesday, September 26th. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.02. CarMax had a net margin of 4.12% and a return on equity of 22.26%. The business had revenue of $4.77 billion during the quarter, compared to analysts’ expectations of $4.65 billion. During the same period in the previous year, the company earned $0.98 earnings per share. CarMax’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, analysts anticipate that CarMax, Inc will post 4.64 EPS for the current year.

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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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