Andra AP fonden Sells 5,000 Shares of CarMax, Inc. (NYSE:KMX)

Andra AP fonden decreased its holdings in CarMax, Inc. (NYSE:KMX) by 84.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 900 shares of the company’s stock after selling 5,000 shares during the period. Andra AP fonden’s holdings in CarMax were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC raised its position in shares of CarMax by 4.6% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock worth $217,000 after acquiring an additional 130 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of CarMax by 6.5% during the first quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock valued at $188,000 after buying an additional 131 shares during the last quarter. Peoples Bank KS boosted its holdings in shares of CarMax by 10.0% in the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock valued at $108,000 after buying an additional 135 shares in the last quarter. Allegheny Financial Group LTD grew its position in shares of CarMax by 4.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock worth $264,000 after buying an additional 143 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of CarMax by 3.0% during the 4th quarter. Chicago Partners Investment Group LLC now owns 6,010 shares of the company’s stock worth $461,000 after acquiring an additional 174 shares in the last quarter.

CarMax Price Performance

Shares of NYSE:KMX opened at $76.28 on Friday. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The company has a market cap of $11.91 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.62 and a beta of 1.69. The company’s 50 day moving average is $79.99 and its 200 day moving average is $76.50.

CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The firm had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same quarter in the prior year, the business earned $1.16 earnings per share. The business’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, sell-side analysts forecast that CarMax, Inc. will post 2.99 EPS for the current year.

Insiders Place Their Bets

In other news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the transaction, the chief operating officer now owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO William D. Nash sold 120,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the sale, the chief executive officer now owns 181,683 shares in the company, valued at $14,465,600.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Charles Joseph Wilson sold 10,021 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the completion of the transaction, the chief operating officer now owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The disclosure for this sale can be found here. In the last three months, insiders have sold 185,243 shares of company stock valued at $14,893,042. Company insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

KMX has been the subject of several recent analyst reports. Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research note on Friday, August 16th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research report on Monday, June 24th. Royal Bank of Canada upped their target price on CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, June 24th. Evercore ISI raised their price target on CarMax from $68.00 to $72.00 and gave the stock an “in-line” rating in a report on Tuesday, July 16th. Finally, Mizuho dropped their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CarMax has a consensus rating of “Hold” and an average target price of $76.25.

CarMax Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.