PARK CIRCLE Co maintained its position in shares of CarMax Inc (NYSE:KMX) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 19,038 shares of the company’s stock at the end of the second quarter. PARK CIRCLE Co’s holdings in CarMax were worth $1,201,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Bank of Montreal Can boosted its position in shares of CarMax by 1.4% in the first quarter. Bank of Montreal Can now owns 57,046 shares of the company’s stock valued at $3,378,000 after buying an additional 760 shares during the last quarter. Candriam Luxembourg S.C.A. boosted its position in shares of CarMax by 28.5% in the first quarter. Candriam Luxembourg S.C.A. now owns 14,118 shares of the company’s stock valued at $836,000 after buying an additional 3,131 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of CarMax by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,076 shares of the company’s stock valued at $281,000 after buying an additional 131 shares during the last quarter. Glen Harbor Capital Management LLC boosted its position in shares of CarMax by 1.2% in the first quarter. Glen Harbor Capital Management LLC now owns 9,156 shares of the company’s stock valued at $542,000 after buying an additional 112 shares during the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of CarMax by 8.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,263 shares of the company’s stock valued at $903,000 after buying an additional 1,201 shares during the last quarter.

CarMax Inc (NYSE KMX) opened at 63.48 on Tuesday. The firm has a 50-day moving average of $64.97 and a 200 day moving average of $62.64. The firm has a market capitalization of $11.63 billion, a PE ratio of 18.23 and a beta of 1.34. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $69.11.

CarMax (NYSE:KMX) last released its earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts forecast that CarMax Inc will post $3.71 earnings per share for the current year.

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Several equities analysts have recently commented on KMX shares. Zacks Investment Research upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. Wedbush upgraded shares of CarMax from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $60.00 to $70.00 in a research report on Thursday, May 18th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of CarMax in a research report on Thursday, May 18th. ValuEngine cut shares of CarMax from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Finally, Royal Bank Of Canada upgraded shares of CarMax from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $63.00 to $69.00 in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. CarMax has an average rating of “Buy” and an average target price of $69.15.

In other CarMax news, EVP Eric M. Margolin sold 18,659 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $64.06, for a total value of $1,195,295.54. Following the sale, the executive vice president now owns 47,163 shares in the company, valued at $3,021,261.78. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Mohammad Shamim sold 13,938 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $66.08, for a total value of $921,023.04. Following the completion of the sale, the senior vice president now owns 9,218 shares in the company, valued at approximately $609,125.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,515 shares of company stock worth $12,085,019. Insiders own 1.90% of the company’s stock.

CarMax Company Profile

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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