Virginia Retirement Systems ET AL bought a new stake in CarMax Inc (NYSE:KMX) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 22,500 shares of the company’s stock, valued at approximately $1,706,000.
Other hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of CarMax by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock valued at $40,552,000 after purchasing an additional 24,390 shares in the last quarter. Calamos Advisors LLC raised its stake in shares of CarMax by 20.3% during the second quarter. Calamos Advisors LLC now owns 341,647 shares of the company’s stock valued at $21,544,000 after purchasing an additional 57,657 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of CarMax by 8.3% during the second quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock valued at $578,702,000 after purchasing an additional 706,369 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of CarMax by 6.1% during the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock valued at $20,645,000 after purchasing an additional 15,545 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of CarMax by 16.1% during the second quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock valued at $1,364,000 after purchasing an additional 3,002 shares in the last quarter.
In related news, Director Edgar H. Grubb sold 11,388 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $76.36, for a total value of $869,587.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Diane L. Cafritz sold 5,671 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $73.95, for a total value of $419,370.45. Following the completion of the sale, the senior vice president now owns 7,475 shares of the company’s stock, valued at $552,776.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 625,955 shares of company stock valued at $46,214,378. 1.90% of the stock is owned by corporate insiders.
CarMax Inc (KMX) traded down $2.99 during trading hours on Wednesday, reaching $67.72. The company’s stock had a trading volume of 3,143,600 shares, compared to its average volume of 2,226,024. The company has a current ratio of 2.33, a quick ratio of 0.48 and a debt-to-equity ratio of 3.82. CarMax Inc has a 52 week low of $54.29 and a 52 week high of $77.64. The stock has a market cap of $12,892.55, a PE ratio of 19.43, a PEG ratio of 1.19 and a beta of 1.48.
CarMax (NYSE:KMX) last released its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.39 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the business posted $0.88 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. sell-side analysts forecast that CarMax Inc will post 3.84 EPS for the current year.
A number of research analysts recently issued reports on the company. UBS lowered CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, October 5th. Oppenheimer lowered CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 target price on the stock. in a report on Thursday, October 5th. CIBC reaffirmed a “market perform” rating on shares of CarMax in a report on Thursday, October 5th. Berenberg Bank assumed coverage on CarMax in a report on Wednesday, October 4th. They set a “hold” rating and a $83.00 target price on the stock. Finally, Credit Suisse Group lifted their target price on CarMax from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $77.00.
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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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