Shell Asset Management Co. Has $715,000 Position in CarMax Inc (NYSE:KMX)

Shell Asset Management Co. reduced its position in shares of CarMax Inc (NYSE:KMX) by 5.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,339 shares of the company’s stock after selling 654 shares during the period. Shell Asset Management Co.’s holdings in CarMax were worth $715,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of KMX. State of Alaska Department of Revenue purchased a new position in CarMax during the second quarter worth $112,000. First Bank & Trust raised its position in CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock worth $123,000 after buying an additional 138 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its position in CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after buying an additional 49 shares in the last quarter. Global X Management Co. LLC raised its position in CarMax by 7.3% in the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock worth $148,000 after buying an additional 169 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in CarMax by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock worth $209,000 after buying an additional 110 shares in the last quarter.

Shares of CarMax Inc (NYSE KMX) opened at 64.42 on Friday. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 18.50 and a beta of 1.34. The stock has a 50 day moving average of $64.65 and a 200 day moving average of $62.81. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $69.11.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. The firm had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.90 earnings per share. Equities analysts predict that CarMax Inc will post $3.70 EPS for the current fiscal year.

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A number of equities analysts have recently weighed in on KMX shares. Bank of America Corporation reissued a “buy” rating and issued a $82.00 price objective (up previously from $80.00) on shares of CarMax in a research report on Thursday, June 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $73.00 price objective (up previously from $71.00) on shares of CarMax in a research report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $74.00 price objective (up previously from $72.00) on shares of CarMax in a research report on Thursday, June 22nd. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of CarMax in a research report on Thursday, May 18th. Finally, ValuEngine raised shares of CarMax from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $69.00.

In related news, Director Thomas J. Folliard sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the transaction, the director now owns 509,166 shares of the company’s stock, valued at $31,267,884.06. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $66.87, for a total transaction of $573,945.21. Following the transaction, the chief financial officer now directly owns 70,522 shares in the company, valued at approximately $4,715,806.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 188,515 shares of company stock worth $12,085,019. Insiders own 1.70% of the company’s stock.

CarMax Company Profile

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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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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