CarMax Inc (NYSE:KMX) Shares Sold by NGAM Advisors L.P.

NGAM Advisors L.P. lowered its position in CarMax Inc (NYSE:KMX) by 1.5% during the second quarter, Holdings Channel reports. The firm owned 56,116 shares of the company’s stock after selling 853 shares during the period. NGAM Advisors L.P.’s holdings in CarMax were worth $3,538,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in KMX. First Bank & Trust raised its stake in 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 period. Russell Investments Group Ltd. raised its position 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 position 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 position 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 position 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.

CarMax Inc (KMX) opened at 65.23 on Thursday. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 18.73 and a beta of 1.34. The stock’s 50 day moving average is $64.48 and its 200 day moving average is $62.82. CarMax Inc has a one year low of $47.50 and a one year high of $69.11.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The business had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. CarMax’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that CarMax Inc will post $3.70 earnings per share for the current fiscal year.

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A number of research analysts have recently weighed in on KMX shares. Zacks Investment Research raised CarMax from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Wedbush raised CarMax from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $60.00 to $70.00 in a research note on Thursday, May 18th. Deutsche Bank AG reissued a “buy” rating and issued a $73.00 price target (up previously from $71.00) on shares of CarMax in a research note on Thursday, June 22nd. Oppenheimer Holdings, Inc. set a $72.00 price target on CarMax and gave the company a “buy” rating in a research note on Monday, June 19th. Finally, ValuEngine raised CarMax from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $69.00.

In related news, EVP Eric M. Margolin sold 18,659 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $64.06, for a total transaction of $1,195,295.54. Following the sale, the executive vice president now owns 47,163 shares of the company’s stock, valued at $3,021,261.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Folliard sold 50,000 shares of the business’s stock in a transaction dated Friday, June 23rd. The stock was 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 approximately $31,267,884.06. The disclosure for this sale can be found here. Insiders have sold 188,515 shares of company stock worth $12,085,019 in the last three months. 1.70% of the stock is currently 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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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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