Candriam Luxembourg S.C.A. lifted its position in CarMax, Inc (NYSE:KMX) by 3.3% in the first quarter, Holdings Channel reports. The institutional investor owned 13,205 shares of the company’s stock after purchasing an additional 423 shares during the period. Candriam Luxembourg S.C.A.’s holdings in CarMax were worth $922,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of KMX. Quantamental Technologies LLC acquired a new stake in shares of CarMax in the fourth quarter worth $27,000. Citizens Financial Group Inc RI acquired a new stake in shares of CarMax in the fourth quarter worth $33,000. Liberty Wealth Management LLC acquired a new stake in shares of CarMax in the first quarter worth $39,000. Private Capital Group LLC lifted its stake in shares of CarMax by 35.3% in the fourth quarter. Private Capital Group LLC now owns 721 shares of the company’s stock worth $45,000 after buying an additional 188 shares during the last quarter. Finally, Semmax Financial Advisors Inc. acquired a new stake in shares of CarMax in the fourth quarter worth $48,000.
In related news, EVP Eric M. Margolin sold 20,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the completion of the transaction, the executive vice president now directly owns 35,160 shares in the company, valued at approximately $2,733,338.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Diane L. Cafritz sold 3,484 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $71.04, for a total transaction of $247,503.36. Following the transaction, the senior vice president now owns 11,331 shares of the company’s stock, valued at $804,954.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 383,655 shares of company stock valued at $27,437,638. Corporate insiders own 2.09% of the company’s stock.
A number of analysts have recently weighed in on KMX shares. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $83.00 to $93.00 in a research note on Monday, April 1st. Morgan Stanley boosted their price objective on shares of CarMax from $89.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Wedbush cut shares of CarMax from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $60.00 in a research note on Friday, January 18th. ValuEngine cut shares of CarMax from a “hold” rating to a “sell” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research cut shares of CarMax from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. CarMax has a consensus rating of “Buy” and an average price target of $82.36.
NYSE:KMX opened at $77.18 on Thursday. The firm has a market cap of $12.76 billion, a P/E ratio of 16.11, a P/E/G ratio of 1.23 and a beta of 1.31. CarMax, Inc has a one year low of $55.24 and a one year high of $81.67. The company has a quick ratio of 0.53, a current ratio of 2.45 and a debt-to-equity ratio of 4.11.
CarMax (NYSE:KMX) last released its earnings results on Friday, March 29th. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.09. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.36 billion. CarMax had a net margin of 4.64% and a return on equity of 24.67%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.88 EPS. As a group, analysts forecast that CarMax, Inc will post 5.13 earnings per share for the current fiscal year.
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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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