Capital One National Association lessened its position in CarMax, Inc (NYSE:KMX) by 34.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,839 shares of the company’s stock after selling 2,526 shares during the period. Capital One National Association’s holdings in CarMax were worth $310,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Cerebellum GP LLC acquired a new position in shares of CarMax in the fourth quarter valued at approximately $121,000. Tredje AP fonden acquired a new position in shares of CarMax in the third quarter valued at approximately $144,000. QS Investors LLC raised its position in shares of CarMax by 1.0% in the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after buying an additional 22 shares during the last quarter. Commerce Bank acquired a new position in shares of CarMax in the third quarter valued at approximately $203,000. Finally, Dai Ichi Life Insurance Company Ltd acquired a new position in shares of CarMax in the third quarter valued at approximately $206,000.
CarMax, Inc (NYSE KMX) opened at $64.33 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 3.83, a quick ratio of 0.51 and a current ratio of 2.70. The company has a market cap of $11,534.48, a P/E ratio of 17.10, a P/E/G ratio of 1.12 and a beta of 1.53.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). CarMax had a return on equity of 21.77% and a net margin of 4.07%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $3.97 billion. During the same period last year, the company posted $0.72 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. equities research analysts expect that CarMax, Inc will post 3.84 EPS for the current fiscal year.
In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $68.72, for a total transaction of $549,760.00. Following the completion of the sale, the director now directly owns 447,572 shares in the company, valued at $30,757,147.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Eric M. Margolin sold 20,000 shares of the business’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 sale, the executive vice president now owns 41,051 shares of the company’s stock, valued at $2,946,640.78. The disclosure for this sale can be found here. Insiders have sold 66,584 shares of company stock valued at $4,660,064 in the last ninety days. 1.70% of the stock is currently owned by company insiders.
A number of equities analysts have recently weighed in on KMX shares. Northcoast Research raised shares of CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 price objective for the company in a research report on Wednesday, November 22nd. Credit Suisse Group raised shares of CarMax to a “buy” rating and set a $83.00 price objective for the company in a research report on Monday, December 25th. Wedbush set a $81.00 price objective on shares of CarMax and gave the company a “buy” rating in a research report on Thursday, December 28th. Finally, Berenberg Bank raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective for the company in a research report on Monday, January 8th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $79.68.
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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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