Parkwood LLC bought a new position in shares of CarMax, Inc (NYSE:KMX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 79,663 shares of the company’s stock, valued at approximately $5,805,000. CarMax comprises 0.9% of Parkwood LLC’s portfolio, making the stock its 29th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in KMX. Fuller & Thaler Asset Management Inc. lifted its stake in CarMax by 57.7% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock valued at $149,000 after buying an additional 750 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in CarMax by 12.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,075 shares of the company’s stock valued at $438,000 after buying an additional 809 shares in the last quarter. Atria Investments LLC lifted its stake in CarMax by 19.6% during the second quarter. Atria Investments LLC now owns 5,251 shares of the company’s stock valued at $383,000 after buying an additional 859 shares in the last quarter. Pettyjohn Wood & White Inc. lifted its stake in CarMax by 4.2% during the first quarter. Pettyjohn Wood & White Inc. now owns 22,610 shares of the company’s stock valued at $1,400,000 after buying an additional 920 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in CarMax by 0.3% during the first quarter. Asset Management One Co. Ltd. now owns 290,169 shares of the company’s stock valued at $17,973,000 after buying an additional 998 shares in the last quarter.

A number of analysts have commented on the stock. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Tuesday, July 10th. Gabelli assumed coverage on shares of CarMax in a research note on Wednesday, June 6th. They set a “buy” rating and a $95.00 price objective for the company. Robert W. Baird upped their price objective on shares of CarMax from $80.00 to $90.00 and gave the company a “neutral” rating in a research note on Monday, June 25th. Buckingham Research lowered shares of CarMax from a “buy” rating to a “neutral” rating and upped their price objective for the company from $75.00 to $84.00 in a research note on Monday, June 25th. They noted that the move was a valuation call. Finally, Guggenheim lowered shares of CarMax from a “buy” rating to a “neutral” rating and set a $72.00 price objective for the company. in a research note on Monday, June 25th. They noted that the move was a valuation call. Nine research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.22.

In other news, SVP Charles Joseph Wilson sold 5,938 shares of the firm’s stock in a transaction on Friday, July 6th. The shares were sold at an average price of $76.08, for a total value of $451,763.04. Following the sale, the senior vice president now owns 7,979 shares in the company, valued at $607,042.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP James Lyski sold 3,738 shares of the firm’s stock in a transaction on Tuesday, June 26th. The stock was sold at an average price of $75.43, for a total transaction of $281,957.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 664,985 shares of company stock worth $50,360,398. 1.97% of the stock is currently owned by corporate insiders.

Shares of KMX stock opened at $73.63 on Monday. CarMax, Inc has a 12 month low of $57.05 and a 12 month 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. The company has a market cap of $12.90 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 1.08 and a beta of 1.55.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, June 22nd. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.24 by $0.09. CarMax had a return on equity of 21.54% and a net margin of 3.98%. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter last year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. sell-side analysts anticipate that CarMax, Inc will post 4.6 earnings per share for the current fiscal year.

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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