Eaton Vance Management maintained its stake in shares of CarMax Inc. (NYSE:KMX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,464 shares of the company’s stock at the end of the second quarter. Eaton Vance Management’s holdings in CarMax were worth $268,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Canada Pension Plan Investment Board increased its position in shares of CarMax by 52.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,600 shares of the company’s stock worth $133,000 after buying an additional 900 shares in the last quarter. IFP Advisors Inc increased its position in shares of CarMax by 9.8% in the first quarter. IFP Advisors Inc now owns 2,820 shares of the company’s stock worth $144,000 after buying an additional 251 shares in the last quarter. Arcus Capital Partners LLC bought a new position in shares of CarMax during the second quarter worth approximately $210,000. Geneva Advisors LLC bought a new position in shares of CarMax during the second quarter worth approximately $221,000. Finally, ING Groep NV bought a new position in shares of CarMax during the first quarter worth approximately $229,000.
CarMax Inc. (NYSE:KMX) traded down 1.11% during mid-day trading on Monday, hitting $52.76. 804,981 shares of the stock were exchanged. The company has a 50 day moving average price of $57.36 and a 200 day moving average price of $53.66. CarMax Inc. has a 52-week low of $41.25 and a 52-week high of $60.81. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 17.15 and a beta of 1.42.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. The firm earned $4 billion during the quarter, compared to analysts’ expectations of $4.11 billion. CarMax had a net margin of 3.95% and a return on equity of 20.92%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 earnings per share. On average, analysts anticipate that CarMax Inc. will post $3.28 EPS for the current year.
A number of brokerages have commented on KMX. Deutsche Bank AG upped their target price on shares of CarMax from $65.00 to $66.00 and gave the stock a “hold” rating in a research note on Thursday, September 22nd. Wedbush reiterated a “neutral” rating and set a $44.00 price objective on shares of CarMax in a research note on Wednesday, July 20th. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of CarMax in a research note on Wednesday, June 22nd. Robert W. Baird increased their price objective on shares of CarMax from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, September 7th. Finally, Buckingham Research downgraded shares of CarMax from a “buy” rating to a “neutral” rating and increased their price objective for the company from $59.00 to $63.00 in a research note on Friday, September 9th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. CarMax has a consensus rating of “Hold” and a consensus price target of $62.39.
In other CarMax news, Director Jeffrey E. Garten sold 6,300 shares of the business’s stock in a transaction that occurred on Monday, September 26th. The shares were sold at an average price of $53.41, for a total transaction of $336,483.00. Following the completion of the transaction, the director now owns 21,552 shares in the company, valued at approximately $1,151,092.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Eric M. Margolin sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $50.75, for a total transaction of $101,500.00. Following the transaction, the executive vice president now owns 34,303 shares of the company’s stock, valued at approximately $1,740,877.25. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.
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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