State Street Corp lowered its position in shares of CarMax Inc (NYSE:KMX) by 0.2% during the first quarter, Holdings Channel reports. The fund owned 7,970,049 shares of the company’s stock after selling 17,761 shares during the period. State Street Corp’s holdings in CarMax were worth $471,991,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of KMX. First Bank & Trust increased its position in shares of CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock worth $123,000 after buying an additional 138 shares during the period. Credit Agricole S A increased its position in CarMax by 6.9% in the fourth quarter. Credit Agricole S A now owns 38,062 shares of the company’s stock valued at $2,451,000 after buying an additional 2,473 shares during the last quarter. Quantitative Systematic Strategies LLC increased its position in CarMax by 35.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 35,213 shares of the company’s stock valued at $2,085,000 after buying an additional 9,221 shares during the last quarter. Blenheim Capital Management BV acquired a new position in CarMax during the fourth quarter valued at $240,000. Finally, Wetherby Asset Management Inc. acquired a new position in CarMax during the fourth quarter valued at $211,000.
CarMax Inc (NYSE:KMX) traded down 1.40% during mid-day trading on Friday, reaching $60.69. 3,032,109 shares of the company’s stock traded hands. The stock’s 50 day moving average is $61.49 and its 200-day moving average is $62.63. CarMax Inc has a 52 week low of $45.06 and a 52 week high of $69.11. The stock has a market capitalization of $11.27 billion, a PE ratio of 18.62 and a beta of 1.25.
CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, April 6th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. CarMax had a net margin of 3.95% and a return on equity of 20.85%. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter last year, the company earned $0.74 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts anticipate that CarMax Inc will post $3.52 EPS for the current year.
Several analysts have recently commented on KMX shares. Wedbush restated a “hold” rating on shares of CarMax in a research report on Saturday, April 8th. Susquehanna Bancshares Inc set a $70.00 target price on shares of CarMax and gave the company a “buy” rating in a research note on Friday, April 7th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of CarMax in a research note on Wednesday, April 5th. ValuEngine cut shares of CarMax from a “buy” rating to a “hold” rating in a research note on Friday, May 19th. Finally, Royal Bank of Canada reissued a “market perform” rating and issued a $63.00 price objective (down from $71.00) on shares of CarMax in a research note on Thursday, April 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $67.00.
In other CarMax news, Director Edgar H. Grubb sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, April 21st. The shares were sold at an average price of $58.24, for a total transaction of $116,480.00. Following the sale, the director now owns 42,005 shares of the company’s stock, valued at $2,446,371.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.70% of the stock is currently owned by company insiders.
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.
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