CarMax Inc (KMX) Shares Bought by Wedbush Securities Inc.

Wedbush Securities Inc. increased its stake in CarMax Inc (NYSE:KMX) by 15.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,452 shares of the company’s stock after buying an additional 1,110 shares during the period. Wedbush Securities Inc.’s holdings in CarMax were worth $533,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. First Bank & Trust boosted its stake in shares of 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 last quarter. Quantitative Systematic Strategies LLC boosted its stake in shares of CarMax by 35.5% in the first quarter. Quantitative Systematic Strategies LLC now owns 35,213 shares of the company’s stock valued at $2,085,000 after buying an additional 9,221 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of CarMax by 6.2% in the first quarter. PNC Financial Services Group Inc. now owns 193,635 shares of the company’s stock valued at $11,467,000 after buying an additional 11,352 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of CarMax by 2.6% in the first quarter. Legal & General Group Plc now owns 907,143 shares of the company’s stock valued at $53,722,000 after buying an additional 23,085 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. boosted its stake in shares of CarMax by 2.6% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,076 shares of the company’s stock valued at $281,000 after buying an additional 131 shares during the last quarter.

CarMax Inc (NYSE KMX) opened at 64.46 on Wednesday. The company has a 50-day moving average of $64.77 and a 200-day moving average of $62.69. CarMax Inc has a 52 week low of $47.50 and a 52 week high of $69.11. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 18.51 and a beta of 1.34.

CarMax (NYSE:KMX) last posted its quarterly earnings results 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. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The firm had revenue of $4.54 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The business’s revenue was up 10.1% compared to the same quarter last year. On average, equities analysts forecast that CarMax Inc will post $3.70 earnings per share for the current fiscal year.

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Several analysts have commented on KMX shares. ValuEngine cut shares of CarMax from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Wedbush upgraded shares of CarMax from a “neutral” rating to an “outperform” rating and upped their target price for the company from $60.00 to $70.00 in a research report on Thursday, May 18th. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research report on Tuesday, July 11th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $70.00 price objective (up previously from $66.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada restated a “market perform” rating and issued a $63.00 price objective (down previously from $71.00) on shares of CarMax in a research report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. CarMax currently has a consensus rating of “Buy” and an average target price of $69.00.

In other CarMax news, Director Thomas J. Folliard sold 50,000 shares of CarMax 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 completion of the sale, the director now directly owns 509,166 shares of the company’s stock, valued at $31,267,884.06. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of CarMax stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 70,522 shares of the company’s stock, valued at $4,715,806.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 188,515 shares of company stock valued at $12,085,019. Insiders own 1.90% 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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