Cobblestone Capital Advisors LLC NY Has $14.18 Million Position in CarMax, Inc. (NYSE:KMX)


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Cobblestone Capital Advisors LLC NY grew its position in CarMax, Inc. (NYSE:KMX) by 0.5% during the 4th quarter, Holdings Channel reports. The firm owned 150,129 shares of the company’s stock after purchasing an additional 774 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in CarMax were worth $14,181,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in CarMax by 29.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,131,394 shares of the company’s stock worth $291,470,000 after purchasing an additional 711,207 shares during the last quarter. Victory Capital Management Inc. raised its holdings in CarMax by 383.4% during the 3rd quarter. Victory Capital Management Inc. now owns 343,049 shares of the company’s stock worth $31,530,000 after purchasing an additional 272,080 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of CarMax by 857.6% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 283,838 shares of the company’s stock valued at $26,088,000 after acquiring an additional 254,196 shares during the last quarter. Strs Ohio increased its stake in shares of CarMax by 156.0% in the 3rd quarter. Strs Ohio now owns 337,004 shares of the company’s stock valued at $30,974,000 after acquiring an additional 205,370 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of CarMax by 265.7% in the 3rd quarter. First Trust Advisors LP now owns 274,545 shares of the company’s stock valued at $25,233,000 after acquiring an additional 199,480 shares during the last quarter. Institutional investors own 97.59% of the company’s stock.

In other news, SVP Diane L. Cafritz sold 17,861 shares of the company’s stock in a transaction that occurred on Tuesday, January 12th. The stock was sold at an average price of $106.32, for a total transaction of $1,898,981.52. Following the sale, the senior vice president now owns 13,024 shares in the company, valued at approximately $1,384,711.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jon G. Daniels sold 20,129 shares of the company’s stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $127.54, for a total value of $2,567,252.66. Following the sale, the senior vice president now owns 21,609 shares in the company, valued at approximately $2,756,011.86. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 415,922 shares of company stock valued at $47,543,566. Insiders own 2.09% of the company’s stock.

KMX has been the subject of a number of recent analyst reports. Morgan Stanley lowered their price target on CarMax to $165.00 and set an “overweight” rating for the company in a research note on Wednesday, December 23rd. Oppenheimer initiated coverage on CarMax in a research note on Wednesday, December 23rd. They issued a “buy” rating and a $130.00 price target for the company. Bank of America lowered their price target on CarMax from $130.00 to $121.00 and set a “buy” rating for the company in a research note on Tuesday, November 17th. Wedbush upped their price target on CarMax from $120.00 to $140.00 and gave the company an “outperform” rating in a research note on Wednesday, February 17th. Finally, Argus boosted their price objective on CarMax from $105.00 to $110.00 in a research report on Monday, December 28th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. CarMax presently has a consensus rating of “Buy” and a consensus price target of $109.88.

NYSE:KMX traded down $1.29 during trading hours on Tuesday, reaching $118.09. 7,219 shares of the stock were exchanged, compared to its average volume of 1,422,061. CarMax, Inc. has a twelve month low of $37.59 and a twelve month high of $128.58. The company has a debt-to-equity ratio of 3.51, a current ratio of 2.60 and a quick ratio of 0.67. The firm has a 50 day moving average of $116.14 and a 200 day moving average of $102.06. The stock has a market cap of $19.19 billion, a PE ratio of 26.30, a PEG ratio of 2.16 and a beta of 1.76.

CarMax (NYSE:KMX) last released its quarterly earnings results on Monday, December 21st. The company reported $1.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.28. CarMax had a return on equity of 20.30% and a net margin of 4.01%. The firm had revenue of $4.21 billion during the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the prior year, the firm posted $1.04 EPS. The business’s revenue was down 12.1% on a year-over-year basis. Equities research analysts anticipate that CarMax, Inc. will post 4.26 earnings per share 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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