First Trust Advisors LP lessened its holdings in shares of CarMax, Inc (NYSE:KMX) by 53.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 94,465 shares of the company’s stock after selling 107,948 shares during the quarter. First Trust Advisors LP owned 0.05% of CarMax worth $6,058,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of KMX. Mar Vista Investment Partners LLC acquired a new stake in CarMax during the 4th quarter valued at approximately $38,803,000. Wedge Capital Management L L P NC acquired a new position in shares of CarMax in the 4th quarter worth approximately $24,791,000. Russell Investments Group Ltd. grew its position in shares of CarMax by 17.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,286,569 shares of the company’s stock worth $97,535,000 after acquiring an additional 187,488 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of CarMax by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock worth $706,487,000 after acquiring an additional 142,175 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of CarMax by 15.1% in the 3rd quarter. Wells Fargo & Company MN now owns 973,213 shares of the company’s stock worth $73,778,000 after acquiring an additional 127,929 shares in the last quarter.
Shares of CarMax, Inc (NYSE KMX) traded up $0.18 during midday trading on Wednesday, hitting $62.80. The company had a trading volume of 1,652,805 shares, compared to its average volume of 2,251,710. The company has a market cap of $11,302.99, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 0.95 and a beta of 1.61. CarMax, Inc has a 1-year low of $54.29 and a 1-year high of $77.64. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a return on equity of 21.77% and a net margin of 4.07%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.72 EPS. equities research analysts forecast that CarMax, Inc will post 3.82 earnings per share for the current year.
Several brokerages have recently commented on KMX. Wedbush reiterated an “outperform” rating and issued a $81.00 target price on shares of CarMax in a research report on Wednesday, January 10th. Credit Suisse Group set a $78.00 target price on CarMax and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday, November 22nd. ValuEngine lowered CarMax from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Oppenheimer reiterated a “hold” rating and issued a $80.00 target price on shares of CarMax in a research report on Wednesday, December 6th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $80.14.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction on Friday, December 15th. The stock was sold at an average price of $67.50, for a total transaction of $540,000.00. Following the sale, the director now owns 439,572 shares of the company’s stock, valued at approximately $29,671,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Eric M. Margolin sold 20,000 shares of CarMax stock in a transaction on Friday, January 26th. The shares were sold at an average price of $71.78, for a total value of $1,435,600.00. Following the sale, the executive vice president now directly owns 41,051 shares in the company, valued at approximately $2,946,640.78. The disclosure for this sale can be found here. Insiders have sold a total of 66,584 shares of company stock worth $4,605,664 in the last ninety days. 1.90% of the stock is owned by company insiders.
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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.
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