Calamos Advisors LLC boosted its position in shares of CarMax Inc. (NYSE:KMX) by 0.0% during the second quarter, Holdings Channel reports. The institutional investor owned 25,406 shares of the company’s stock after buying an additional 10 shares during the period. Calamos Advisors LLC’s holdings in CarMax were worth $1,246,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. BB&T Securities LLC boosted its stake in CarMax by 27.8% in the first quarter. BB&T Securities LLC now owns 111,495 shares of the company’s stock worth $5,697,000 after buying an additional 24,251 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in CarMax by 52.9% in the first quarter. Canada Pension Plan Investment Board now owns 2,600 shares of the company’s stock worth $133,000 after buying an additional 900 shares in the last quarter. Credit Agricole S A boosted its stake in CarMax by 40.2% in the first quarter. Credit Agricole S A now owns 45,072 shares of the company’s stock worth $2,304,000 after buying an additional 12,915 shares in the last quarter. ING Groep NV purchased a new stake in CarMax during the first quarter worth about $229,000. Finally, Giverny Capital Inc. boosted its stake in CarMax by 21.2% in the first quarter. Giverny Capital Inc. now owns 825,093 shares of the company’s stock worth $42,162,000 after buying an additional 144,426 shares in the last quarter.
CarMax Inc. (NYSE:KMX) traded up 2.81% during trading on Wednesday, reaching $53.10. The company’s stock had a trading volume of 2,837,792 shares. The stock has a market cap of $10.15 billion, a price-to-earnings ratio of 17.26 and a beta of 1.42. The firm has a 50 day moving average price of $56.71 and a 200-day moving average price of $53.74. CarMax Inc. has a 52-week low of $41.25 and a 52-week high of $60.81.
CarMax (NYSE:KMX) last issued its quarterly earnings data on Wednesday, September 21st. The company reported $0.88 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. CarMax had a net margin of 3.95% and a return on equity of 20.92%. The business earned $4 billion during the quarter, compared to analyst estimates of $4.11 billion. During the same period last year, the business posted $0.79 earnings per share. CarMax’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts expect that CarMax Inc. will post $3.28 earnings per share for the current year.
A number of research firms have recently issued reports on KMX. Buckingham Research cut CarMax from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $59.00 to $63.00 in a research report on Friday, September 9th. They noted that the move was a valuation call. Robert W. Baird upped their price target on CarMax from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, September 7th. Wedbush upped their price target on CarMax from $44.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, August 18th. Susquehanna assumed coverage on CarMax in a research report on Thursday, August 25th. They issued a “positive” rating and a $70.00 price target on the stock. Finally, Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $62.39.
In other news, EVP Eric M. Margolin sold 2,000 shares of CarMax stock in a transaction that occurred on Thursday, July 7th. The shares were sold at an average price of $50.75, for a total transaction of $101,500.00. Following the completion of the transaction, the executive vice president now directly owns 34,303 shares in the company, valued at $1,740,877.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Natalie L. Wyatt sold 1,417 shares of CarMax stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $57.81, for a total transaction of $81,916.77. Following the transaction, the vice president now owns 3,020 shares of the company’s stock, valued at $174,586.20. The disclosure for this sale can be found here. 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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