Dimensional Fund Advisors LP boosted its stake in CarMax Inc. (NYSE:KMX) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 964,807 shares of the company’s stock after buying an additional 24,694 shares during the period. Dimensional Fund Advisors LP owned 0.50% of CarMax worth $47,301,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. 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 raised its stake in shares of 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 during the period. Arcus Capital Partners LLC acquired a new stake in shares of CarMax during the second quarter worth $210,000. Geneva Advisors LLC acquired a new stake in shares of CarMax during the second quarter worth $221,000. Finally, ING Groep NV acquired a new stake in shares of CarMax during the first quarter worth $229,000.
CarMax Inc. (NYSE:KMX) opened at 52.64 on Tuesday. The company has a market cap of $10.02 billion, a PE ratio of 17.11 and a beta of 1.42. The stock’s 50 day moving average price is $56.15 and its 200 day moving average price is $53.84. CarMax Inc. has a 12-month low of $41.25 and a 12-month high of $60.81.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, September 21st. The company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. CarMax had a return on equity of 20.92% and a net margin of 3.95%. The business earned $4 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same period in the prior year, the company earned $0.79 EPS. CarMax’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts anticipate that CarMax Inc. will post $3.28 EPS for the current year.
KMX has been the subject of a number of research reports. Oppenheimer Holdings Inc. restated a “buy” rating on shares of CarMax in a research note on Wednesday, June 22nd. Buckingham Research restated a “buy” rating and issued a $60.00 target price on shares of CarMax in a research note 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 note on Monday, September 19th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Tuesday, September 13th. Finally, Vetr lowered CarMax from a “buy” rating to a “hold” rating and set a $57.52 target price for the company. in a research note on Monday, September 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. CarMax currently has a consensus rating of “Hold” and an average price target of $62.01.
In other CarMax news, Director Jeffrey E. Garten sold 6,300 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $53.41, for a total value of $336,483.00. Following the completion of the transaction, the director now owns 21,552 shares of the company’s stock, valued at approximately $1,151,092.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Natalie L. Wyatt sold 1,417 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $57.81, for a total value of $81,916.77. Following the completion of the transaction, the vice president now directly owns 3,020 shares of the company’s stock, valued at approximately $174,586.20. The disclosure for this sale can be found here. Corporate 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.
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