D. E. Shaw & Co. Inc. Trims Holdings in CarMax, Inc (NYSE:KMX)

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D. E. Shaw & Co. Inc. decreased its stake in shares of CarMax, Inc (NYSE:KMX) by 6.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,382,364 shares of the company’s stock after selling 92,560 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in CarMax were worth $120,030,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Holocene Advisors LP purchased a new stake in CarMax in the second quarter valued at $128,466,000. Wells Fargo & Company MN raised its position in CarMax by 61.2% in the second quarter. Wells Fargo & Company MN now owns 1,493,476 shares of the company’s stock valued at $129,679,000 after purchasing an additional 566,892 shares during the period. WINTON GROUP Ltd purchased a new stake in CarMax in the second quarter valued at $40,215,000. Capital Growth Management LP purchased a new stake in CarMax in the second quarter valued at $33,430,000. Finally, Akre Capital Management LLC raised its position in CarMax by 5.2% in the first quarter. Akre Capital Management LLC now owns 6,077,981 shares of the company’s stock valued at $424,243,000 after purchasing an additional 300,800 shares during the period.

In related news, SVP Diane L. Cafritz sold 8,300 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $88.25, for a total transaction of $732,475.00. Following the completion of the transaction, the senior vice president now directly owns 11,706 shares of the company’s stock, valued at approximately $1,033,054.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Nash sold 86,762 shares of the business’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $83.53, for a total value of $7,247,229.86. Following the transaction, the chief executive officer now directly owns 173,546 shares of the company’s stock, valued at $14,496,297.38. The disclosure for this sale can be found here. Insiders sold a total of 377,047 shares of company stock worth $31,898,938 in the last quarter. Company insiders own 2.09% of the company’s stock.

A number of research firms have commented on KMX. Northcoast Research downgraded CarMax from a “buy” rating to a “neutral” rating and set a $86.50 target price on the stock. in a research report on Friday, June 28th. Argus assumed coverage on CarMax in a report on Friday, June 28th. They issued a “buy” rating and a $100.00 price objective on the stock. Bank of America boosted their price objective on CarMax from $95.00 to $112.00 in a report on Monday, June 24th. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Oppenheimer boosted their price objective on CarMax from $88.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. CarMax has an average rating of “Buy” and a consensus price target of $94.12.

Shares of KMX stock traded down $1.68 on Friday, hitting $84.63. The stock had a trading volume of 1,566,400 shares, compared to its average volume of 1,195,014. The company has a debt-to-equity ratio of 4.20, a current ratio of 2.21 and a quick ratio of 0.49. The firm has a market capitalization of $14.16 billion, a P/E ratio of 17.67, a P/E/G ratio of 1.30 and a beta of 1.20. CarMax, Inc has a 1 year low of $55.24 and a 1 year high of $92.01. The company’s 50 day moving average price is $84.45 and its 200-day moving average price is $78.99.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, June 21st. The company reported $1.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.10. The firm had revenue of $5.37 billion for the quarter, compared to the consensus estimate of $5.17 billion. CarMax had a return on equity of 25.37% and a net margin of 4.64%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 EPS. On average, equities analysts forecast that CarMax, Inc will post 5.25 EPS for the current year.

About CarMax

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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