Smithfield Trust Co. maintained its position in CarMax Inc (NYSE:KMX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,240 shares of the company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in CarMax were worth $204,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of KMX. Korea Investment CORP raised its position in CarMax by 140.5% in the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after buying an additional 1,033 shares in the last quarter. First Manhattan Co. increased its stake in CarMax by 20.5% in the second quarter. First Manhattan Co. now owns 165,875 shares of the company’s stock valued at $10,460,000 after buying an additional 28,250 shares in the last quarter. Grandfield & Dodd LLC increased its stake in CarMax by 29.5% in the second quarter. Grandfield & Dodd LLC now owns 7,349 shares of the company’s stock valued at $463,000 after buying an additional 1,674 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in CarMax during the second quarter valued at approximately $204,000. Finally, SG Capital Management LLC bought a new stake in shares of CarMax during the second quarter valued at about $16,752,000.
CarMax Inc (KMX) remained flat at $63.97 during trading on Friday. 1,230,378 shares of the company’s stock were exchanged. CarMax Inc has a 1-year low of $47.50 and a 1-year high of $69.11. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 18.37 and a beta of 1.34. The company 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 quarterly earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. The company had revenue of $4.54 billion for the quarter, compared to the consensus estimate of $4.46 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.90 EPS. On average, equities research analysts forecast that CarMax Inc will post $3.71 EPS for the current year.
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KMX has been the topic of several research analyst reports. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Deutsche Bank AG reissued a “buy” rating and set a $73.00 price objective (up previously from $71.00) on shares of CarMax in a report on Thursday, June 22nd. Oppenheimer Holdings, Inc. set a $72.00 target price on CarMax and gave the stock a “buy” rating in a research note on Monday, June 19th. Wedbush upgraded CarMax from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $60.00 to $70.00 in a research report on Thursday, May 18th. Finally, Zacks Investment Research upgraded CarMax from a “sell” rating to a “hold” rating in a report on Monday, April 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $69.15.
In other news, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $66.87, for a total transaction of $573,945.21. Following the sale, the chief financial officer now directly owns 70,522 shares of the company’s stock, valued at approximately $4,715,806.14. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Edwin J. Hill sold 35,000 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following the sale, the executive vice president now directly owns 39,792 shares in the company, valued at $2,581,704.96. The disclosure for this sale can be found here. Insiders have sold a total of 188,515 shares of company stock worth $12,085,019 over the last ninety days. 1.70% of the stock is owned by insiders.
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.
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