Dimensional Fund Advisors LP increased its position in shares of CarMax Inc (NYSE:KMX) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,160,141 shares of the company’s stock after buying an additional 50,441 shares during the period. Dimensional Fund Advisors LP owned 0.62% of CarMax worth $68,707,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in KMX. Credit Agricole S A raised its position in shares of CarMax by 6.9% in the fourth quarter. Credit Agricole S A now owns 38,062 shares of the company’s stock worth $2,451,000 after buying an additional 2,473 shares during the period. Menta Capital LLC bought a new position in shares of CarMax during the fourth quarter worth $267,000. First Republic Investment Management Inc. bought a new position in shares of CarMax during the fourth quarter worth $205,000. Janus Capital Management LLC raised its position in shares of CarMax by 393.2% in the fourth quarter. Janus Capital Management LLC now owns 124,767 shares of the company’s stock worth $8,034,000 after buying an additional 99,467 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in shares of CarMax by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 6,630 shares of the company’s stock worth $427,000 after buying an additional 370 shares during the period.
CarMax Inc (KMX) traded up 0.47% during midday trading on Friday, reaching $66.79. 1,002,473 shares of the company traded hands. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $69.11. The firm has a 50 day moving average of $63.37 and a 200-day moving average of $62.86. The stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 19.18 and a beta of 1.34.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.15. The business had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. CarMax’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.90 EPS. Analysts forecast that CarMax Inc will post $3.70 EPS for the current fiscal year.
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KMX has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of CarMax from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of CarMax in a report on Wednesday, April 5th. Royal Bank Of Canada reiterated a “market perform” rating and issued a $63.00 price target (down previously from $71.00) on shares of CarMax in a report on Thursday, April 6th. Deutsche Bank AG decreased their price target on shares of CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, April 6th. Finally, CIBC reiterated a “buy” rating on shares of CarMax in a report on Thursday, April 6th. One analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.00.
In related news, Director Thomas J. Folliard sold 50,000 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the completion of the sale, the director now directly owns 509,166 shares of the company’s stock, valued at approximately $31,267,884.06. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Edwin J. Hill sold 35,000 shares of the company’s stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following the transaction, the executive vice president now owns 39,792 shares of the company’s stock, valued at $2,581,704.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 165,994 shares of company stock valued at $10,590,051. 1.70% of the stock is owned by insiders.
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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