Glenmede Trust Co. NA held its stake in shares of CarMax Inc (NYSE:KMX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,029 shares of the company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in CarMax were worth $5,024,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of KMX. Bronfman E.L. Rothschild L.P. raised its stake in shares of CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after buying an additional 49 shares in the last quarter. Flinton Capital Management LLC raised its stake in shares of CarMax by 1.2% in the first quarter. Flinton Capital Management LLC now owns 5,232 shares of the company’s stock worth $310,000 after buying an additional 64 shares in the last quarter. Meadow Creek Investment Management LLC raised its stake in shares of CarMax by 1.2% in the first quarter. Meadow Creek Investment Management LLC now owns 7,194 shares of the company’s stock worth $426,000 after buying an additional 88 shares in the last quarter. Argent Trust Co raised its stake in shares of CarMax by 1.7% in the first quarter. Argent Trust Co now owns 5,485 shares of the company’s stock worth $325,000 after buying an additional 91 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of CarMax by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock worth $209,000 after buying an additional 110 shares in the last quarter.
Shares of CarMax Inc (NYSE:KMX) traded up 1.38% during trading on Monday, reaching $62.56. 358,591 shares of the company were exchanged. The stock has a 50-day moving average price of $61.63 and a 200-day moving average price of $62.75. The stock has a market capitalization of $11.50 billion, a PE ratio of 17.97 and a beta of 1.25. CarMax Inc has a one year low of $45.06 and a one year high of $69.11.
CarMax (NYSE:KMX) last issued its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts forecast that CarMax Inc will post $3.67 EPS for the current year.
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KMX has been the subject of several analyst reports. Wedbush reaffirmed a “hold” rating on shares of CarMax in a research note on Saturday, April 8th. Susquehanna Bancshares Inc set a $70.00 price target on shares of CarMax and gave the company a “buy” rating in a research note on Friday, April 7th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $74.00 price target (up previously from $72.00) on shares of CarMax in a research note on Thursday. ValuEngine raised shares of CarMax from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research note on Wednesday, April 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $69.54.
In other CarMax news, Director Edgar H. Grubb sold 2,000 shares of the company’s stock in a transaction on Friday, April 21st. The shares were sold at an average price of $58.24, for a total value of $116,480.00. Following the completion of the transaction, the director now directly owns 42,005 shares in the company, valued at approximately $2,446,371.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.
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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