Daiwa Securities Group Inc. Trims Stake in CarMax, Inc (KMX)

Daiwa Securities Group Inc. reduced its position in shares of CarMax, Inc (NYSE:KMX) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,705 shares of the company’s stock after selling 2,300 shares during the period. Daiwa Securities Group Inc.’s holdings in CarMax were worth $5,432,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Prudential Financial Inc. grew its holdings in shares of CarMax by 6.1% during the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after purchasing an additional 15,545 shares during the last quarter. Magnetar Financial LLC bought a new stake in CarMax in the third quarter valued at approximately $1,445,000. Toronto Dominion Bank boosted its holdings in CarMax by 24.2% in the second quarter. Toronto Dominion Bank now owns 62,765 shares of the company’s stock valued at $3,957,000 after acquiring an additional 12,234 shares during the last quarter. California Public Employees Retirement System boosted its holdings in CarMax by 1.9% in the third quarter. California Public Employees Retirement System now owns 435,405 shares of the company’s stock valued at $33,008,000 after acquiring an additional 8,205 shares during the last quarter. Finally, Aperio Group LLC boosted its holdings in CarMax by 6.4% in the third quarter. Aperio Group LLC now owns 79,277 shares of the company’s stock valued at $6,010,000 after acquiring an additional 4,767 shares during the last quarter.

CarMax, Inc (NYSE:KMX) opened at $64.49 on Monday. CarMax, Inc has a 12 month low of $54.29 and a 12 month high of $77.64. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. The stock has a market capitalization of $11,662.88, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.13 and a beta of 1.53.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.82 by ($0.01). CarMax had a net margin of 4.07% and a return on equity of 21.77%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the firm posted $0.72 earnings per share. CarMax’s quarterly revenue was up 11.0% compared to the same quarter last year. equities research analysts anticipate that CarMax, Inc will post 3.84 EPS for the current year.

In other news, EVP Eric M. Margolin sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $71.78, for a total transaction of $1,435,600.00. Following the transaction, the executive vice president now directly owns 41,051 shares of the company’s stock, valued at $2,946,640.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $64.04, for a total value of $512,320.00. The disclosure for this sale can be found here. Insiders have sold 74,584 shares of company stock worth $5,226,064 over the last ninety days. 1.90% of the stock is owned by insiders.

KMX has been the topic of several analyst reports. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. ValuEngine cut CarMax from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Deutsche Bank cut CarMax from a “buy” rating to a “hold” rating and set a $76.00 target price on the stock. in a report on Friday, November 17th. Moffett Nathanson initiated coverage on CarMax in a report on Monday, December 4th. They issued a “neutral” rating on the stock. Finally, Oppenheimer reiterated a “hold” rating and issued a $80.00 target price on shares of CarMax in a report on Wednesday, December 6th. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. CarMax has an average rating of “Buy” and an average price target of $79.68.

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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.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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