CarMax, Inc (KMX) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can decreased its position in CarMax, Inc (NYSE:KMX) by 14.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,071 shares of the company’s stock after selling 19,674 shares during the quarter. Great West Life Assurance Co. Can owned 0.07% of CarMax worth $8,749,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KMX. Millennium Management LLC raised its position in CarMax by 4,279.2% in the second quarter. Millennium Management LLC now owns 488,592 shares of the company’s stock valued at $35,604,000 after purchasing an additional 477,435 shares during the period. Chilton Investment Co. LLC raised its position in CarMax by 281.6% in the second quarter. Chilton Investment Co. LLC now owns 448,724 shares of the company’s stock valued at $32,699,000 after purchasing an additional 331,148 shares during the period. Bain Capital Public Equity Management LLC purchased a new stake in CarMax in the second quarter valued at approximately $19,795,000. Canada Pension Plan Investment Board raised its position in CarMax by 193.5% in the third quarter. Canada Pension Plan Investment Board now owns 378,860 shares of the company’s stock valued at $28,289,000 after purchasing an additional 249,775 shares during the period. Finally, Weitz Investment Management Inc. raised its position in CarMax by 46.6% in the second quarter. Weitz Investment Management Inc. now owns 593,150 shares of the company’s stock valued at $43,223,000 after purchasing an additional 188,415 shares during the period.

CarMax stock opened at $62.56 on Friday. CarMax, Inc has a twelve month low of $57.05 and a twelve month high of $81.67. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.52 and a current ratio of 2.35. The firm has a market cap of $11.27 billion, a PE ratio of 15.55, a P/E/G ratio of 0.94 and a beta of 1.60.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Wednesday, September 26th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.02. CarMax had a return on equity of 22.26% and a net margin of 4.12%. The business had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. Analysts predict that CarMax, Inc will post 4.64 EPS for the current year.

A number of brokerages have issued reports on KMX. ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Friday, October 5th. Wolfe Research began coverage on CarMax in a research report on Tuesday, October 2nd. They issued a “peer perform” rating on the stock. Wedbush set a $87.00 target price on CarMax and gave the company a “buy” rating in a research report on Thursday, September 27th. Finally, Robert W. Baird raised CarMax from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 27th. Five equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $83.93.

In other news, SVP Mohammad Shamim sold 34,142 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $74.16, for a total transaction of $2,531,970.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Jon G. Daniels sold 16,325 shares of the company’s stock in a transaction on Monday, October 29th. The stock was sold at an average price of $70.88, for a total value of $1,157,116.00. Following the sale, the senior vice president now directly owns 16,325 shares in the company, valued at approximately $1,157,116. The disclosure for this sale can be found here. 1.97% of the stock is currently owned by corporate insiders.

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About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in 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; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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