Profund Advisors LLC Has $410,000 Stake in CarMax Inc (KMX)
Profund Advisors LLC boosted its position in shares of CarMax Inc (NYSE:KMX) by 22.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,497 shares of the company’s stock after purchasing an additional 1,202 shares during the period. Profund Advisors LLC’s holdings in CarMax were worth $410,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in CarMax by 3,199.4% in the 1st quarter. BlackRock Inc. now owns 11,088,633 shares of the company’s stock valued at $656,668,000 after buying an additional 10,752,554 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of CarMax by 8.3% during the second quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock worth $578,702,000 after acquiring an additional 706,369 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of CarMax by 66.5% during the second quarter. William Blair Investment Management LLC now owns 1,331,836 shares of the company’s stock worth $83,986,000 after acquiring an additional 531,937 shares during the last quarter. Marathon Asset Management LLP increased its position in shares of CarMax by 68.5% during the second quarter. Marathon Asset Management LLP now owns 754,913 shares of the company’s stock worth $47,605,000 after acquiring an additional 306,901 shares during the last quarter. Finally, Morgan Stanley increased its position in shares of CarMax by 156.4% during the first quarter. Morgan Stanley now owns 456,262 shares of the company’s stock worth $27,019,000 after acquiring an additional 278,328 shares during the last quarter.
A number of brokerages have weighed in on KMX. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of CarMax in a research note on Friday, September 1st. Zacks Investment Research raised CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a research report on Wednesday, August 16th. Royal Bank Of Canada increased their target price on CarMax from $77.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, September 25th. Deutsche Bank AG reiterated a “buy” rating and set a $84.00 target price on shares of CarMax in a research note on Monday, September 25th. Finally, ValuEngine downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. CarMax currently has a consensus rating of “Buy” and an average target price of $77.57.
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In other news, CEO William D. Nash sold 100,522 shares of the stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $73.85, for a total transaction of $7,423,549.70. Following the sale, the chief executive officer now owns 62,902 shares in the company, valued at $4,645,312.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mohammad Shamim sold 13,938 shares of the firm’s stock in a transaction on Friday, July 28th. The shares were 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 of the company’s stock, valued at $609,125.44. The disclosure for this sale can be found here. Insiders have sold a total of 635,670 shares of company stock valued at $45,782,393 over the last ninety days. Insiders own 1.90% of the company’s stock.
CarMax Inc (NYSE KMX) opened at 76.33 on Wednesday. The stock’s 50 day moving average is $68.58 and its 200 day moving average is $63.45. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 21.92 and a beta of 1.38. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $77.64.
CarMax (NYSE:KMX) last announced its earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. CarMax’s revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.88 EPS. On average, analysts predict that CarMax Inc will post $3.81 earnings per share for the current fiscal year.
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.
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