BB&T Corp Has $362,000 Position in CarMax Inc (KMX)

BB&T Corp decreased its position in CarMax Inc (NYSE:KMX) by 51.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,740 shares of the company’s stock after selling 5,999 shares during the period. BB&T Corp’s holdings in CarMax were worth $362,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue bought a new stake in CarMax during the second quarter worth approximately $112,000. First Bank & Trust increased its stake in shares of CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock valued at $123,000 after buying an additional 138 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in shares of CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock valued at $124,000 after buying an additional 49 shares during the period. Global X Management Co. LLC increased its stake in shares of CarMax by 7.3% in the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after buying an additional 169 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of CarMax by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock valued at $209,000 after buying an additional 110 shares during the period.

CarMax Inc (KMX) remained flat at $63.97 during mid-day trading on Friday. 1,230,378 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 market cap of $11.72 billion, a PE ratio of 18.37 and a beta of 1.34. The stock has a 50-day moving average price of $64.93 and a 200-day moving average price of $62.69.

CarMax (NYSE:KMX) last announced 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 firm had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that CarMax Inc will post $3.71 earnings per share for the current year.

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KMX has been the subject of several recent research reports. Bank of America Corporation reaffirmed a “buy” rating and set a $82.00 price objective (up from $80.00) on shares of CarMax in a research report on Thursday, June 22nd. Deutsche Bank AG reaffirmed a “buy” rating and set a $73.00 price objective (up from $71.00) on shares of CarMax in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $74.00 price objective (up from $72.00) on shares of CarMax in a research report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research report on Thursday, May 18th. Finally, ValuEngine raised CarMax from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. CarMax currently has an average rating of “Buy” and an average target price of $69.15.

In other news, EVP Edwin J. Hill sold 35,497 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $65.69, for a total value of $2,331,797.93. Following the transaction, the executive vice president now owns 40,289 shares in the company, valued at approximately $2,646,584.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Folliard sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $61.41, for a total value of $3,070,500.00. Following the completion of the transaction, the director now owns 509,166 shares in the company, valued at approximately $31,267,884.06. The disclosure for this sale can be found here. Insiders sold a total of 188,515 shares of company stock worth $12,085,019 in the last 90 days. Company insiders own 1.70% 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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