Arizona State Retirement System cut its position in CarMax, Inc (NYSE:KMX) by 9.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,660 shares of the company’s stock after selling 3,219 shares during the period. Arizona State Retirement System’s holdings in CarMax were worth $2,280,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. Quantamental Technologies LLC purchased a new position in shares of CarMax in the 4th quarter valued at $27,000. Citizens Financial Group Inc RI purchased a new position in shares of CarMax in the 4th quarter valued at $33,000. Liberty Wealth Management LLC purchased a new position in shares of CarMax in the 1st quarter valued at $39,000. Private Capital Group LLC grew its position in shares of CarMax by 35.3% in the 4th quarter. Private Capital Group LLC now owns 721 shares of the company’s stock valued at $45,000 after buying an additional 188 shares during the last quarter. Finally, Semmax Financial Advisors Inc. purchased a new position in shares of CarMax in the 4th quarter valued at $48,000.
In related news, EVP Eric M. Margolin sold 20,000 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the completion of the sale, the executive vice president now owns 35,160 shares in the company, valued at approximately $2,733,338.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Diane L. Cafritz sold 3,484 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $71.04, for a total transaction of $247,503.36. Following the sale, the senior vice president now owns 11,331 shares of the company’s stock, valued at approximately $804,954.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 383,655 shares of company stock valued at $27,437,638. 1.97% of the stock is owned by company insiders.
KMX has been the topic of a number of recent analyst reports. Wedbush downgraded shares of CarMax from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $70.00 to $60.00 in a research report on Friday, January 18th. Zacks Investment Research downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $83.00 to $93.00 in a research report on Monday, April 1st. ValuEngine downgraded shares of CarMax from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. Finally, Credit Suisse Group increased their target price on shares of CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $82.36.
Shares of NYSE:KMX opened at $79.07 on Friday. The firm has a market cap of $13.14 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.26 and a beta of 1.31. The company has a quick ratio of 0.53, a current ratio of 2.45 and a debt-to-equity ratio of 4.11. CarMax, Inc has a 1-year low of $55.24 and a 1-year high of $81.67.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, March 29th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.09. The firm had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.36 billion. CarMax had a net margin of 4.64% and a return on equity of 24.67%. CarMax’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. As a group, research analysts expect that CarMax, Inc will post 5.13 earnings per share for the current fiscal year.
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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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