CarMax Inc (KMX) Stake Increased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can raised its stake in CarMax Inc (NYSE:KMX) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,065 shares of the company’s stock after buying an additional 1,678 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.08% of CarMax worth $10,847,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Korea Investment CORP increased its holdings in shares of CarMax by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after acquiring an additional 1,033 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in CarMax during the 2nd quarter worth approximately $112,000. Seven Eight Capital LP acquired a new stake in CarMax during the 2nd quarter worth approximately $133,000. YorkBridge Wealth Partners LLC lifted its position in CarMax by 1.3% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after acquiring an additional 29 shares during the period. Finally, QS Investors LLC lifted its position in CarMax by 1.0% during the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after acquiring an additional 22 shares during the period.

Several research firms have recently commented on KMX. Moffett Nathanson assumed coverage on CarMax in a report on Monday. They issued a “neutral” rating for the company. Deutsche Bank reduced their price objective on CarMax from $84.00 to $76.00 and set a “hold” rating for the company in a report on Sunday, November 26th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Wednesday, November 22nd. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, CIBC reissued a “market perform” rating on shares of CarMax in a research report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $77.00.

In other CarMax news, SVP Diane L. Cafritz sold 5,671 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $73.95, for a total value of $419,370.45. Following the completion of the sale, the senior vice president now directly owns 7,475 shares in the company, valued at $552,776.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $68.72, for a total value of $549,760.00. Following the completion of the sale, the director now owns 447,572 shares of the company’s stock, valued at $30,757,147.84. The disclosure for this sale can be found here. Insiders sold 625,955 shares of company stock valued at $46,214,378 over the last 90 days. 1.90% of the stock is currently owned by insiders.

CarMax Inc (KMX) traded up $2.33 during trading hours on Tuesday, hitting $70.71. The stock had a trading volume of 2,748,700 shares, compared to its average volume of 2,222,086. The company has a market capitalization of $12,467.72, a price-to-earnings ratio of 18.79, a PEG ratio of 1.15 and a beta of 1.48. CarMax Inc has a 52 week low of $54.29 and a 52 week high of $77.64. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The business had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the company posted $0.88 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. sell-side analysts forecast that CarMax Inc will post 3.84 EPS for the current fiscal year.

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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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