Riverpark Capital Management LLC decreased its position in shares of CarMax, Inc (NYSE:KMX) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 341,186 shares of the company’s stock after selling 16,140 shares during the period. CarMax comprises 3.1% of Riverpark Capital Management LLC’s investment portfolio, making the stock its 14th biggest position. Riverpark Capital Management LLC owned approximately 0.19% of CarMax worth $21,881,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. OppenheimerFunds Inc. increased its holdings in CarMax by 11,777.3% during the 4th quarter. OppenheimerFunds Inc. now owns 3,854,895 shares of the company’s stock worth $247,214,000 after purchasing an additional 3,822,439 shares during the period. Mar Vista Investment Partners LLC purchased a new stake in CarMax during the 4th quarter worth about $38,803,000. Sirios Capital Management L P increased its holdings in CarMax by 81.5% during the 4th quarter. Sirios Capital Management L P now owns 1,216,018 shares of the company’s stock worth $77,983,000 after purchasing an additional 546,024 shares during the period. Calamos Advisors LLC increased its holdings in CarMax by 851.9% during the 4th quarter. Calamos Advisors LLC now owns 517,649 shares of the company’s stock worth $33,197,000 after purchasing an additional 463,268 shares during the period. Finally, Wedge Capital Management L L P NC purchased a new stake in CarMax during the 4th quarter worth about $24,791,000.
Several equities research analysts have weighed in on the company. Wedbush restated an “outperform” rating and set a $81.00 price target on shares of CarMax in a report on Wednesday, January 10th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Wednesday, November 22nd. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Oppenheimer restated a “hold” rating and set a $80.00 price target on shares of CarMax in a report on Wednesday, December 6th. Finally, UBS Group upgraded CarMax from a “market perform” rating to an “outperform” rating in a report on Thursday, January 18th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $79.68.
CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. sell-side analysts forecast that CarMax, Inc will post 3.82 earnings per share for the current year.
In related news, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $67.50, for a total value of $540,000.00. Following the completion of the sale, the director now directly owns 439,572 shares of the company’s stock, valued at approximately $29,671,110. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Eric M. Margolin sold 20,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $71.78, for a total value of $1,435,600.00. Following the completion of the sale, the executive vice president now directly owns 41,051 shares of the company’s stock, valued at $2,946,640.78. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,584 shares of company stock valued at $4,605,664. Insiders own 1.90% 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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