Prudential Financial Inc. grew its position in shares of CarMax Inc (NYSE:KMX) by 6.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 272,325 shares of the company’s stock after purchasing an additional 15,545 shares during the quarter. Prudential Financial Inc. owned about 0.15% of CarMax worth $20,645,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Parkwood LLC raised its holdings in CarMax by 45.5% during the 3rd quarter. Parkwood LLC now owns 92,516 shares of the company’s stock worth $7,014,000 after purchasing an additional 28,940 shares during the last quarter. State of Tennessee Treasury Department raised its holdings in CarMax by 34.2% during the 3rd quarter. State of Tennessee Treasury Department now owns 155,244 shares of the company’s stock worth $11,769,000 after purchasing an additional 39,586 shares during the last quarter. State of Wisconsin Investment Board raised its holdings in CarMax by 2.1% during the 3rd quarter. State of Wisconsin Investment Board now owns 162,087 shares of the company’s stock worth $12,288,000 after purchasing an additional 3,378 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in CarMax during the 3rd quarter worth approximately $970,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its holdings in CarMax by 3.8% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 29,361 shares of the company’s stock worth $2,226,000 after purchasing an additional 1,073 shares during the last quarter.
In other CarMax news, Director Thomas J. Folliard sold 16,000 shares of CarMax stock in a transaction on Friday, September 15th. The shares were sold at an average price of $68.39, for a total transaction of $1,094,240.00. Following the transaction, the director now directly owns 495,572 shares of the company’s stock, valued at approximately $33,892,169.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William R. Tiefel sold 23,000 shares of CarMax stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $76.39, for a total transaction of $1,756,970.00. The disclosure for this sale can be found here. In the last three months, insiders sold 617,955 shares of company stock valued at $45,664,618. 1.70% of the stock is currently owned by insiders.
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Shares of CarMax Inc (KMX) opened at $69.45 on Friday. CarMax Inc has a 52-week low of $54.29 and a 52-week high of $77.64. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48. The stock has a market cap of $12,860.00, a price-to-earnings ratio of 19.49, a P/E/G ratio of 1.19 and a beta of 1.52.
CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.03. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter last year, the firm posted $0.88 EPS. CarMax’s revenue was up 9.7% compared to the same quarter last year. equities analysts forecast that CarMax Inc will post 3.84 earnings per share for the current year.
Several research firms have recently weighed in on KMX. Deutsche Bank AG lowered shares of CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective for the company. in a research note on Friday. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research note on Tuesday, September 26th. Wedbush reiterated an “outperform” rating and issued a $77.00 price objective (up previously from $73.00) on shares of CarMax in a research note on Wednesday, September 13th. Buckingham Research lifted their price objective on shares of CarMax from $66.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, September 25th. Finally, Credit Suisse Group lifted their price objective on shares of CarMax from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $77.40.
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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