Hudson Valley Investment Advisors Inc. ADV cut its stake in shares of CarMax Inc (NYSE:KMX) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,348 shares of the company’s stock after selling 1,125 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in CarMax were worth $589,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the company. First Bank & Trust raised its stake in CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock valued at $123,000 after buying an additional 138 shares during the period. Quantitative Systematic Strategies LLC raised its stake in CarMax by 35.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 35,213 shares of the company’s stock worth $2,085,000 after buying an additional 9,221 shares during the period. PNC Financial Services Group Inc. raised its stake in CarMax by 6.2% in the first quarter. PNC Financial Services Group Inc. now owns 193,635 shares of the company’s stock worth $11,467,000 after buying an additional 11,352 shares during the period. Legal & General Group Plc raised its stake in CarMax by 2.6% in the first quarter. Legal & General Group Plc now owns 907,143 shares of the company’s stock worth $53,722,000 after buying an additional 23,085 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its stake in CarMax by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,076 shares of the company’s stock worth $281,000 after buying an additional 131 shares during the period.
Shares of CarMax Inc (NYSE:KMX) opened at 64.42 on Friday. The company has a 50-day moving average of $64.65 and a 200-day moving average of $62.81. The firm has a market cap of $11.80 billion, a P/E ratio of 18.50 and a beta of 1.34. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $69.11.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.15. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was up 10.1% on a year-over-year basis. Equities analysts forecast that CarMax Inc will post $3.70 EPS for the current fiscal year.
A number of research analysts recently commented on the company. 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. Oppenheimer Holdings, Inc. set a $72.00 price objective on CarMax and gave the stock a “buy” rating in a research report on Friday, April 21st. UBS AG lowered CarMax from a “positive” rating to a “neutral” rating in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $74.00 price objective (up previously from $72.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, Zacks Investment Research raised CarMax from a “sell” rating to a “hold” rating in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $69.00.
In other CarMax news, Director Thomas J. Folliard sold 50,000 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $61.41, for a total value of $3,070,500.00. Following the transaction, the director now directly owns 509,166 shares in the company, valued at $31,267,884.06. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Mohammad Shamim sold 13,938 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $609,125.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 188,515 shares of company stock worth $12,085,019. 1.70% of the stock is owned by corporate insiders.
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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