Dimensional Fund Advisors LP Has $89.77 Million Stake in CarMax, Inc (KMX)

Dimensional Fund Advisors LP grew its stake in shares of CarMax, Inc (NYSE:KMX) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,184,080 shares of the company’s stock after buying an additional 3,892 shares during the period. Dimensional Fund Advisors LP owned 0.65% of CarMax worth $89,766,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KMX. Strs Ohio increased its position in shares of 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 buying an additional 3,560 shares during the period. Global X Management Co. LLC increased its position in shares of CarMax by 43.7% during the second quarter. Global X Management Co. LLC now owns 3,589 shares of the company’s stock valued at $226,000 after buying an additional 1,092 shares during the period. Canada Pension Plan Investment Board increased its position in shares of CarMax by 21.4% during the second quarter. Canada Pension Plan Investment Board now owns 18,794 shares of the company’s stock valued at $1,185,000 after buying an additional 3,308 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of CarMax by 3.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock valued at $40,552,000 after buying an additional 24,390 shares during the period. Finally, State of Wisconsin Investment Board increased its position in shares of CarMax by 26.2% during the second quarter. State of Wisconsin Investment Board now owns 158,709 shares of the company’s stock valued at $10,008,000 after buying an additional 32,910 shares during the period.

Several brokerages have recently weighed in on KMX. Citigroup upped their price target on CarMax to $84.00 and gave the company a “buy” rating in a research report on Monday, September 25th. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Susquehanna Bancshares reiterated a “neutral” rating and set a $75.00 price target (up from $66.00) on shares of CarMax in a research report on Tuesday, September 26th. CIBC upped their price target on CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, September 19th. Finally, Oppenheimer reiterated a “buy” rating on shares of CarMax in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $77.57.

CarMax, Inc (NYSE KMX) opened at $66.00 on Friday. CarMax, Inc has a twelve month low of $54.29 and a twelve month high of $77.64. The company has a current ratio of 2.33, a quick ratio of 0.48 and a debt-to-equity ratio of 3.82. The company has a market capitalization of $12,484.14, a PE ratio of 18.81, a PEG ratio of 1.15 and a beta of 1.48.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 21st. The company reported $0.81 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.81. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the firm earned $0.72 earnings per share. CarMax’s revenue was up 11.0% on a year-over-year basis. research analysts forecast that CarMax, Inc will post 3.84 EPS for the current fiscal year.

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 owns 7,475 shares of the company’s stock, valued at $552,776.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William D. Nash sold 100,522 shares of the company’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $73.85, for a total value of $7,423,549.70. Following the completion of the sale, the chief executive officer now directly owns 62,902 shares of the company’s stock, valued at approximately $4,645,312.70. The disclosure for this sale can be found here. Insiders have sold 617,955 shares of company stock valued at $45,660,138 in the last three months. 1.70% of the stock is owned by insiders.

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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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