CarMax Inc (KMX) Stake Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its position in CarMax Inc (NYSE:KMX) by 5.8% during the first quarter, Holdings Channel reports. The fund owned 8,664 shares of the company’s stock after buying an additional 478 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in CarMax were worth $513,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of KMX. Bronfman E.L. Rothschild L.P. raised its position in CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after buying an additional 49 shares during the last quarter. Flinton Capital Management LLC raised its position in CarMax by 1.2% in the first quarter. Flinton Capital Management LLC now owns 5,232 shares of the company’s stock worth $310,000 after buying an additional 64 shares during the last quarter. Meadow Creek Investment Management LLC raised its position in CarMax by 1.2% in the first quarter. Meadow Creek Investment Management LLC now owns 7,194 shares of the company’s stock worth $426,000 after buying an additional 88 shares during the last quarter. Argent Trust Co raised its position in CarMax by 1.7% in the first quarter. Argent Trust Co now owns 5,485 shares of the company’s stock worth $325,000 after buying an additional 91 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in CarMax by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock worth $209,000 after buying an additional 110 shares during the last quarter.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

CarMax Inc (NYSE KMX) traded down 2.89% during midday trading on Tuesday, hitting $59.87. 2,896,062 shares of the stock were exchanged. The stock has a market cap of $11.12 billion, a price-to-earnings ratio of 18.37 and a beta of 1.25. The firm has a 50 day moving average of $61.60 and a 200-day moving average of $62.74. CarMax Inc has a 12-month low of $45.06 and a 12-month high of $69.11. CarMax also was the target of unusually large options trading activity on Monday. Stock traders purchased 19,087 put options on the stock. This is an increase of 842% compared to the typical daily volume of 2,026 put options.

CarMax (NYSE:KMX) last released its earnings results on Thursday, April 6th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.02. CarMax had a net margin of 3.95% and a return on equity of 20.85%. The business had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same period last year, the company earned $0.74 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. On average, equities analysts expect that CarMax Inc will post $3.52 earnings per share for the current year.

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A number of research firms recently weighed in on KMX. Wedbush restated a “hold” rating on shares of CarMax in a research report on Saturday, April 8th. Susquehanna Bancshares Inc set a $70.00 price target on shares of CarMax and gave the stock a “buy” rating in a research report on Friday, April 7th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of CarMax in a research report on Wednesday, April 5th. ValuEngine lowered shares of CarMax from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Finally, Royal Bank Of Canada reiterated a “market perform” rating and issued a $63.00 target price (down from $71.00) on shares of CarMax in a report on Thursday, April 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $67.00.

In related news, Director Edgar H. Grubb sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $58.24, for a total value of $116,480.00. Following the sale, the director now directly owns 42,005 shares of the company’s stock, valued at $2,446,371.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by company 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KMX”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax Inc (NYSE:KMX).

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