CarMax, Inc. (NYSE:KMX) Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky raised its position in CarMax, Inc. (NYSE:KMXGet Rating) by 18.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 57,420 shares of the company’s stock after acquiring an additional 9,116 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in CarMax were worth $5,540,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of KMX. WD Rutherford LLC acquired a new position in CarMax in the 1st quarter valued at $26,000. Whittier Trust Co. boosted its position in shares of CarMax by 480.0% during the 1st quarter. Whittier Trust Co. now owns 290 shares of the company’s stock worth $28,000 after purchasing an additional 240 shares in the last quarter. Dixon Hughes Goodman Wealth Advisors LLC boosted its position in shares of CarMax by 960.6% during the 1st quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 350 shares of the company’s stock worth $34,000 after purchasing an additional 317 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of CarMax during the 4th quarter worth $38,000. Finally, CVA Family Office LLC boosted its position in shares of CarMax by 248.1% during the 1st quarter. CVA Family Office LLC now owns 470 shares of the company’s stock worth $45,000 after purchasing an additional 335 shares in the last quarter. 96.11% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMX. JPMorgan Chase & Co. decreased their target price on shares of CarMax from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, September 9th. Wedbush boosted their target price on shares of CarMax from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Monday, June 27th. Morgan Stanley decreased their target price on shares of CarMax from $140.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Royal Bank of Canada boosted their price objective on shares of CarMax from $104.00 to $108.00 and gave the stock an “outperform” rating in a research report on Monday, June 27th. Finally, Bank of America lowered shares of CarMax from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $146.00 to $100.00 in a research report on Friday, September 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, CarMax has a consensus rating of “Hold” and a consensus target price of $118.56.

Insider Buying and Selling

In related news, EVP Diane L. Cafritz sold 15,555 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $94.75, for a total transaction of $1,473,836.25. Following the completion of the sale, the executive vice president now owns 4,988 shares of the company’s stock, valued at approximately $472,613. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Mohammad Shamim sold 3,456 shares of the stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $93.91, for a total transaction of $324,552.96. Following the completion of the sale, the executive vice president now owns 8,769 shares of the company’s stock, valued at approximately $823,496.79. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Diane L. Cafritz sold 15,555 shares of the company’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $94.75, for a total value of $1,473,836.25. Following the completion of the transaction, the executive vice president now owns 4,988 shares of the company’s stock, valued at approximately $472,613. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,103 shares of company stock valued at $3,445,847. 1.65% of the stock is currently owned by corporate insiders.

CarMax Trading Down 0.3 %

Shares of KMX stock opened at $84.73 on Friday. The firm has a 50-day moving average price of $93.59 and a 200 day moving average price of $94.94. CarMax, Inc. has a twelve month low of $83.07 and a twelve month high of $155.98. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 2.35 and a beta of 1.40. The company has a current ratio of 2.72, a quick ratio of 0.63 and a debt-to-equity ratio of 3.29.

CarMax (NYSE:KMXGet Rating) last announced its earnings results on Friday, June 24th. The company reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.05. CarMax had a net margin of 2.88% and a return on equity of 18.40%. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.38 billion. During the same quarter in the previous year, the company posted $2.63 EPS. Research analysts forecast that CarMax, Inc. will post 5.73 earnings per share for the current fiscal year.

CarMax Profile

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CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

See Also

Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc. (NYSE:KMXGet Rating).

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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