Skandinaviska Enskilda Banken AB publ Raises Position in CarMax Inc (KMX)

Skandinaviska Enskilda Banken AB publ boosted its position in shares of CarMax Inc (NYSE:KMX) by 3.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,675 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in CarMax were worth $2,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of KMX. State of Alaska Department of Revenue acquired a new stake in CarMax during the second quarter valued at approximately $112,000. Strs Ohio boosted its holdings in CarMax by 129.6% during the second quarter. Strs Ohio now owns 6,306 shares of the company’s stock valued at $397,000 after purchasing an additional 3,560 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in CarMax by 74.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,710 shares of the company’s stock valued at $676,000 after purchasing an additional 4,580 shares in the last quarter. Korea Investment CORP boosted its holdings in CarMax by 140.5% during the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after purchasing an additional 1,033 shares in the last quarter. Finally, Advisor Partners LLC boosted its holdings in CarMax by 5.6% during the second quarter. Advisor Partners LLC now owns 3,810 shares of the company’s stock valued at $240,000 after purchasing an additional 201 shares in the last quarter.

Shares of CarMax Inc (NYSE KMX) traded down $1.17 during trading on Thursday, hitting $66.55. 2,305,800 shares of the company’s stock traded hands, compared to its average volume of 2,226,364. The company has a market cap of $12,110.00, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.14 and a beta of 1.47. CarMax Inc has a 52 week low of $54.29 and a 52 week high of $77.64. The company has a quick ratio of 0.48, a current ratio of 2.33 and a debt-to-equity ratio of 3.82.

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

In related news, SVP Diane L. Cafritz sold 5,671 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were 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 owns 7,475 shares in the company, valued at approximately $552,776.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas J. Folliard sold 16,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $68.39, for a total transaction of $1,094,240.00. Following the completion of the sale, the director now owns 495,572 shares of the company’s stock, valued at approximately $33,892,169.08. The disclosure for this sale can be found here. Insiders have sold a total of 625,955 shares of company stock valued at $46,214,378 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

KMX has been the topic of several recent analyst reports. Oppenheimer reissued a “buy” rating on shares of CarMax in a report on Friday, September 1st. Zacks Investment Research raised CarMax from a “hold” rating to a “strong-buy” rating and set a $74.00 target price on the stock in a report on Wednesday, August 16th. Deutsche Bank reduced their target price on CarMax from $84.00 to $76.00 and set a “hold” rating on the stock in a report on Sunday, November 26th. CIBC reissued a “market perform” rating on shares of CarMax in a report on Thursday, October 5th. Finally, Royal Bank Of Canada boosted their target price on CarMax from $77.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $77.00.

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CarMax 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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