DF Dent & Co. Inc. Buys 98,480 Shares of CarMax Inc (KMX)

DF Dent & Co. Inc. raised its stake in shares of CarMax Inc (NYSE:KMX) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,566,014 shares of the company’s stock after purchasing an additional 98,480 shares during the period. CarMax accounts for about 2.6% of DF Dent & Co. Inc.’s portfolio, making the stock its 15th biggest position. DF Dent & Co. Inc. owned about 0.85% of CarMax worth $98,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. QS Investors LLC raised its position in CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after purchasing an additional 22 shares during the period. YorkBridge Wealth Partners LLC raised its position in CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock valued at $149,000 after purchasing an additional 29 shares during the period. Osborne Partners Capital Management LLC raised its position in CarMax by 0.5% during the second quarter. Osborne Partners Capital Management LLC now owns 18,565 shares of the company’s stock valued at $1,171,000 after purchasing an additional 90 shares during the period. Kelman Lazarov Inc. raised its position in CarMax by 0.8% during the second quarter. Kelman Lazarov Inc. now owns 13,300 shares of the company’s stock valued at $839,000 after purchasing an additional 100 shares during the period. Finally, Pacer Advisors Inc. raised its position in CarMax by 3.2% during the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock valued at $209,000 after purchasing an additional 110 shares during the period.

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In other CarMax news, Director Edgar H. Grubb sold 11,388 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $76.36, for a total value of $869,587.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Edwin J. Hill sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $64.88, for a total value of $2,270,800.00. Following the completion of the sale, the executive vice president now directly owns 39,792 shares in the company, valued at approximately $2,581,704.96. The disclosure for this sale can be found here. In the last three months, insiders sold 644,520 shares of company stock worth $46,786,223. 1.90% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on KMX shares. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Oppenheimer Holdings, Inc. downgraded CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price objective on the stock. in a research report on Thursday, October 5th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Tuesday, July 11th. CIBC increased their price target on CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a report on Tuesday, September 19th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $70.00 price target (up from $66.00) on shares of CarMax in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. CarMax presently has an average rating of “Buy” and an average target price of $77.93.

Shares of CarMax Inc (NYSE KMX) traded down 0.04% on Tuesday, reaching $76.15. The company had a trading volume of 354,463 shares. The stock has a market capitalization of $13.95 billion, a P/E ratio of 21.87 and a beta of 1.38. The company’s 50 day moving average price is $69.97 and its 200-day moving average price is $63.92. CarMax Inc has a 1-year low of $47.50 and a 1-year high of $77.64.

CarMax (NYSE:KMX) last announced its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.88 earnings per share. Equities analysts predict that CarMax Inc will post $3.81 EPS for the current year.

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.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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