Citizens Financial Group Inc RI held its stake in CarMax Inc (NYSE:KMX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,550 shares of the company’s stock at the close of the 2nd quarter. Citizens Financial Group Inc RI’s holdings in CarMax were worth $413,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Korea Investment CORP boosted its holdings in CarMax by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after purchasing an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in CarMax in the 2nd quarter valued at approximately $112,000. Bronfman E.L. Rothschild L.P. boosted its holdings in CarMax by 2.4% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock valued at $124,000 after purchasing an additional 49 shares in the last quarter. Seven Eight Capital LP purchased a new stake in CarMax in the 2nd quarter valued at approximately $133,000. Finally, Global X Management Co. LLC boosted its holdings in CarMax by 7.3% in the 1st quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after purchasing an additional 169 shares in the last quarter.
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A number of brokerages have weighed in on KMX. UBS AG lowered CarMax from a “positive” rating to a “neutral” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $74.00 price target (up previously from $72.00) on shares of CarMax in a research note on Thursday, June 22nd. Deutsche Bank AG decreased their price target on CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a research note on Tuesday, July 4th. Royal Bank Of Canada reissued a “market perform” rating and set a $63.00 price target (down previously from $71.00) on shares of CarMax in a research note on Tuesday, July 4th. Finally, Wedbush reissued an “outperform” rating and set a $68.50 price target (down previously from $77.00) on shares of CarMax in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $70.05.
In related news, SVP Mohammad Shamim sold 13,938 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $66.08, for a total transaction of $921,023.04. Following the completion of the sale, the senior vice president now directly owns 9,218 shares in the company, valued at $609,125.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas J. Folliard sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the sale, the director now owns 509,166 shares of the company’s stock, valued at $31,267,884.06. The disclosure for this sale can be found here. Insiders have sold 188,515 shares of company stock valued at $12,085,019 over the last 90 days. 1.90% of the stock is currently owned by insiders.
CarMax Inc (NYSE:KMX) traded up 1.32% during midday trading on Wednesday, reaching $69.25. The company had a trading volume of 476,259 shares. The company’s 50 day moving average is $65.72 and its 200-day moving average is $62.55. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $69.52. The company has a market capitalization of $12.69 billion, a P/E ratio of 19.89 and a beta of 1.32.
CarMax (NYSE:KMX) last issued its earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.15. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Equities analysts expect that CarMax Inc will post $3.71 earnings per share for the current fiscal year.
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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