Teacher Retirement System of Texas increased its position in CarMax Inc. (NYSE:KMX) by 27.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 14,010 shares of the company’s stock after buying an additional 2,975 shares during the period. Teacher Retirement System of Texas’ holdings in CarMax were worth $687,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of KMX. Canada Pension Plan Investment Board boosted its position in shares of 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 during the last quarter. IFP Advisors Inc boosted its position in CarMax by 9.8% in the first quarter. IFP Advisors Inc now owns 2,820 shares of the company’s stock worth $144,000 after buying an additional 251 shares in the last quarter. Arcus Capital Partners LLC acquired a new position in CarMax during the second quarter worth about $210,000. Geneva Advisors LLC acquired a new position in CarMax during the second quarter worth about $221,000. Finally, ING Groep NV acquired a new position in CarMax during the first quarter worth about $229,000.
Shares of CarMax Inc. (NYSE:KMX) traded up 0.84% during midday trading on Friday, reaching $52.61. The company’s stock had a trading volume of 434,153 shares. The company’s 50-day moving average price is $57.53 and its 200 day moving average price is $53.64. CarMax Inc. has a 12-month low of $41.25 and a 12-month high of $60.81. The company has a market capitalization of $10.05 billion, a P/E ratio of 17.10 and a beta of 1.46.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.11 billion. CarMax had a return on equity of 20.92% and a net margin of 3.95%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. On average, equities research analysts forecast that CarMax Inc. will post $3.28 earnings per share for the current year.
A number of research analysts have issued reports on KMX shares. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $60.00 target price on shares of CarMax in a research report on Tuesday, June 7th. Buckingham Research reiterated a “buy” rating and issued a $60.00 target price on shares of CarMax in a research report on Tuesday, June 21st. Goldman Sachs Group Inc. set a $63.00 target price on CarMax and gave the company a “buy” rating in a research report on Monday, September 19th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Tuesday, September 13th. Finally, Vetr cut CarMax from a “buy” rating to a “hold” rating and set a $57.52 target price on the stock. in a research report on Monday, September 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $62.39.
In other news, CEO Thomas J. Folliard sold 271,435 shares of the stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $55.39, for a total transaction of $15,034,784.65. Following the transaction, the chief executive officer now directly owns 758,517 shares in the company, valued at approximately $42,014,256.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric M. Margolin sold 2,000 shares of the stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $50.75, for a total value of $101,500.00. Following the transaction, the executive vice president now owns 34,303 shares in the company, valued at $1,740,877.25. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
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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