Green Square Capital LLC reduced its position in shares of CarMax, Inc (NYSE:KMX) by 36.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,100 shares of the company’s stock after selling 1,800 shares during the quarter. Green Square Capital LLC’s holdings in CarMax were worth $226,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KMX. Principal Financial Group Inc. increased its stake in shares of CarMax by 4.3% during the first quarter. Principal Financial Group Inc. now owns 9,658,783 shares of the company’s stock valued at $598,264,000 after buying an additional 402,543 shares during the period. Akre Capital Management LLC boosted its position in CarMax by 1.8% during the second quarter. Akre Capital Management LLC now owns 5,254,491 shares of the company’s stock valued at $382,895,000 after purchasing an additional 92,325 shares in the last quarter. OppenheimerFunds Inc. boosted its position in CarMax by 7.8% during the first quarter. OppenheimerFunds Inc. now owns 4,153,877 shares of the company’s stock valued at $257,292,000 after purchasing an additional 298,982 shares in the last quarter. Brown Advisory Inc. boosted its position in CarMax by 11.4% during the first quarter. Brown Advisory Inc. now owns 2,599,724 shares of the company’s stock valued at $161,027,000 after purchasing an additional 266,558 shares in the last quarter. Finally, Madison Investment Holdings Inc. boosted its position in CarMax by 10.3% during the second quarter. Madison Investment Holdings Inc. now owns 1,324,413 shares of the company’s stock valued at $96,510,000 after purchasing an additional 123,536 shares in the last quarter.
NYSE KMX traded up $0.01 during trading on Friday, hitting $67.86. The company’s stock had a trading volume of 1,896,054 shares, compared to its average volume of 1,848,999. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.52 and a current ratio of 2.35. CarMax, Inc has a fifty-two week low of $57.05 and a fifty-two week high of $81.67. The company has a market cap of $13.18 billion, a PE ratio of 18.34, a P/E/G ratio of 1.21 and a beta of 1.59.
CarMax (NYSE:KMX) last released its earnings results on Wednesday, September 26th. The company reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.02. CarMax had a return on equity of 22.26% and a net margin of 4.12%. The firm had revenue of $4.77 billion during the quarter, compared to the consensus estimate of $4.65 billion. During the same quarter in the previous year, the company posted $0.98 earnings per share. The company’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that CarMax, Inc will post 4.63 earnings per share for the current fiscal year.
In related news, SVP Mohammad Shamim sold 34,142 shares of CarMax stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $74.16, for a total transaction of $2,531,970.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Darren C. Newberry sold 1,831 shares of CarMax stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $73.80, for a total value of $135,127.80. Following the sale, the senior vice president now directly owns 2,481 shares of the company’s stock, valued at approximately $183,097.80. The disclosure for this sale can be found here. Insiders have sold 147,603 shares of company stock valued at $11,295,016 in the last ninety days. Corporate insiders own 1.97% of the company’s stock.
KMX has been the topic of a number of recent research reports. Morgan Stanley set a $89.00 price objective on CarMax and gave the company a “buy” rating in a research report on Wednesday, August 29th. Wedbush reaffirmed an “outperform” rating and set a $85.00 price objective on shares of CarMax in a research report on Thursday, August 16th. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research downgraded CarMax from a “buy” rating to a “hold” rating in a research report on Monday, August 20th. Finally, Robert W. Baird raised their price objective on CarMax from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Monday, June 25th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $83.93.
CarMax Company 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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