Trust Co. of Virginia VA Lowers Holdings in CarMax, Inc (KMX)

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Trust Co. of Virginia VA decreased its holdings in shares of CarMax, Inc (NYSE:KMX) by 5.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,889 shares of the company’s stock after selling 690 shares during the period. Trust Co. of Virginia VA’s holdings in CarMax were worth $830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KMX. Norges Bank acquired a new position in CarMax during the fourth quarter worth $83,206,000. HL Financial Services LLC grew its stake in shares of CarMax by 20,731.6% in the 1st quarter. HL Financial Services LLC now owns 1,118,864 shares of the company’s stock worth $78,097,000 after acquiring an additional 1,113,493 shares in the last quarter. Makaira Partners LLC bought a new stake in shares of CarMax in the 4th quarter worth $46,107,000. Squarepoint Ops LLC bought a new stake in shares of CarMax in the 4th quarter worth $23,619,000. Finally, Two Sigma Advisers LP bought a new stake in shares of CarMax in the 4th quarter worth $17,788,000.

Several analysts have recently issued reports on KMX shares. Zacks Investment Research lowered shares of CarMax from a “buy” rating to a “hold” rating in a research note on Monday, April 15th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $83.00 to $93.00 in a research note on Monday, April 1st. ValuEngine lowered shares of CarMax from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Credit Suisse Group upped their target price on shares of CarMax from $75.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Finally, Buckingham Research upped their target price on shares of CarMax from $76.00 to $81.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. CarMax presently has a consensus rating of “Buy” and an average target price of $82.36.

KMX traded up $0.51 during trading on Tuesday, hitting $77.37. 392,382 shares of the company traded hands, compared to its average volume of 1,791,804. The firm has a market cap of $12.70 billion, a P/E ratio of 16.15, a PEG ratio of 1.22 and a beta of 1.31. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.53 and a current ratio of 2.45. CarMax, Inc has a one year low of $55.24 and a one year high of $81.67.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, March 29th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.09. The company had revenue of $4.32 billion during the quarter, compared to analyst estimates of $4.36 billion. CarMax had a net margin of 4.64% and a return on equity of 24.67%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.88 earnings per share. Equities research analysts predict that CarMax, Inc will post 5.13 earnings per share for the current fiscal year.

In related news, EVP Eric M. Margolin sold 20,000 shares of the stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the completion of the transaction, the executive vice president now owns 35,160 shares in the company, valued at $2,733,338.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas J. Folliard sold 360,006 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $71.18, for a total transaction of $25,625,227.08. Following the transaction, the director now owns 511,879 shares of the company’s stock, valued at approximately $36,435,547.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 383,655 shares of company stock valued at $27,437,638. 2.09% of the stock is owned by company insiders.

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CarMax Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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