CarMax Inc (NYSE:KMX) Stake Lowered by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado decreased its position in CarMax Inc (NYSE:KMX) by 0.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 36,932 shares of the company’s stock after selling 320 shares during the period. Public Employees Retirement Association of Colorado’s holdings in CarMax were worth $2,329,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KMX. First Bank & Trust raised 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 worth $123,000 after buying an additional 138 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of CarMax by 42.2% in the first quarter. Russell Investments Group Ltd. now owns 869,717 shares of the company’s stock worth $51,505,000 after buying an additional 258,213 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of CarMax by 1.2% in the first quarter. Glen Harbor Capital Management LLC now owns 9,156 shares of the company’s stock worth $542,000 after buying an additional 112 shares during the last quarter. Howard Hughes Medical Institute raised its stake in shares of CarMax by 8.3% in the first quarter. Howard Hughes Medical Institute now owns 47,779 shares of the company’s stock worth $2,829,000 after buying an additional 3,648 shares during the last quarter. Finally, First Manhattan Co. raised its stake in shares of CarMax by 5.5% in the first quarter. First Manhattan Co. now owns 145,543 shares of the company’s stock worth $7,764,000 after buying an additional 7,577 shares during the last quarter.

Shares of CarMax Inc (NYSE KMX) remained flat at $63.97 during trading on Friday. The company had a trading volume of 1,230,378 shares. CarMax Inc has a 12-month low of $47.50 and a 12-month high of $69.11. The company has a 50 day moving average price of $64.93 and a 200-day moving average price of $62.69. The stock has a market cap of $11.72 billion, a PE ratio of 18.37 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 for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.15. The company had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. Analysts forecast that CarMax Inc will post $3.71 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on the company. Deutsche Bank AG dropped their target price on CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a research report on Tuesday, July 4th. Oppenheimer Holdings, Inc. set a $72.00 target price on CarMax and gave the stock a “buy” rating in a research report on Friday, April 21st. Zacks Investment Research raised CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 price objective for the company in a report on Wednesday. UBS AG lowered CarMax from a “positive” rating to a “neutral” rating in a report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $74.00 price objective (up from $72.00) on shares of CarMax in a report on Thursday, June 22nd. One equities research 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 company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.15.

In other news, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the stock in a transaction that occurred on 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 $4,715,806.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 50,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 509,166 shares in the company, valued at $31,267,884.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 188,515 shares of company stock valued at $12,085,019. 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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