Brown Advisory Inc. Lowers Position in CarMax Inc (KMX)

Brown Advisory Inc. cut its position in CarMax Inc (NYSE:KMX) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,402,026 shares of the company’s stock after selling 41,062 shares during the period. Brown Advisory Inc.’s holdings in CarMax were worth $219,056,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KMX. Bronfman E.L. Rothschild L.P. increased its position in CarMax by 1,283.1% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 2,047 shares of the company’s stock worth $109,000 after buying an additional 1,899 shares during the period. Tower Research Capital LLC TRC boosted its stake in CarMax by 6.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,077 shares of the company’s stock worth $111,000 after buying an additional 133 shares in the last quarter. First Bank & Trust bought a new stake in CarMax during the fourth quarter worth approximately $125,000. Global X Management Co. LLC boosted its stake in CarMax by 64.1% in the third quarter. Global X Management Co. LLC now owns 2,405 shares of the company’s stock worth $128,000 after buying an additional 939 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in CarMax by 16.0% in the second quarter. IFP Advisors Inc now owns 3,272 shares of the company’s stock worth $160,000 after buying an additional 452 shares in the last quarter.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

Shares of CarMax Inc (NYSE:KMX) traded up 1.07% during mid-day trading on Tuesday, reaching $68.22. The company had a trading volume of 1,308,614 shares. The company has a market capitalization of $12.77 billion, a price-to-earnings ratio of 21.62 and a beta of 1.34. CarMax Inc has a 52 week low of $42.09 and a 52 week high of $68.86. The stock has a 50 day moving average of $66.21 and a 200-day moving average of $58.76.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Tuesday, December 20th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.75 billion. CarMax had a return on equity of 21.02% and a net margin of 3.96%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. On average, analysts expect that CarMax Inc will post $3.29 earnings per share for the current fiscal year.

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KMX has been the topic of a number of recent research reports. Wedbush reissued a “neutral” rating and issued a $55.00 target price on shares of CarMax in a research note on Friday, October 21st. Deutsche Bank AG raised CarMax from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.00 to $68.00 in a research note on Monday, October 24th. Vetr raised CarMax from a “sell” rating to a “strong-buy” rating and set a $69.00 target price on the stock in a research note on Tuesday, December 6th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $72.00 target price (up from $66.00) on shares of CarMax in a research note on Tuesday, December 13th. Finally, Credit Suisse Group set a $75.00 target price on CarMax and gave the stock a “buy” rating in a research note on Sunday, December 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.28.

In other news, EVP Edwin J. Hill sold 34,894 shares of CarMax stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $66.53, for a total transaction of $2,321,497.82. Following the sale, the executive vice president now owns 34,914 shares in the company, valued at $2,322,828.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas W. Reedy, Jr. sold 3,000 shares of CarMax stock in a transaction dated Thursday, December 22nd. The stock was sold at an average price of $65.77, for a total value of $197,310.00. Following the sale, the chief financial officer now owns 60,183 shares in the company, valued at approximately $3,958,235.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 200,296 shares of company stock worth $13,311,853. Insiders own 1.70% of the company’s stock.

CarMax Company Profile

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.

5 Day Chart for NYSE:KMX

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