Epoch Investment Partners Inc. Acquires 202,366 Shares of CarMax, Inc (KMX)

Epoch Investment Partners Inc. increased its holdings in shares of CarMax, Inc (NYSE:KMX) by 28.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 911,528 shares of the company’s stock after purchasing an additional 202,366 shares during the period. Epoch Investment Partners Inc.’s holdings in CarMax were worth $68,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of KMX. Argent Trust Co grew its position in CarMax by 14.6% during the second quarter. Argent Trust Co now owns 5,783 shares of the company’s stock valued at $421,000 after buying an additional 737 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in CarMax by 57.7% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock valued at $149,000 after buying an additional 750 shares during the period. FDx Advisors Inc. grew its position in CarMax by 3.5% during the third quarter. FDx Advisors Inc. now owns 23,232 shares of the company’s stock valued at $1,735,000 after buying an additional 783 shares during the period. First Republic Investment Management Inc. grew its position in CarMax by 7.1% during the second quarter. First Republic Investment Management Inc. now owns 12,448 shares of the company’s stock valued at $907,000 after buying an additional 829 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its position in CarMax by 5.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 15,197 shares of the company’s stock valued at $1,247,000 after buying an additional 829 shares during the period.

KMX has been the topic of several analyst reports. Wedbush set a $87.00 price target on shares of CarMax and gave the company a “buy” rating in a research report on Thursday, September 27th. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Thursday, September 27th. Morgan Stanley set a $89.00 target price on shares of CarMax and gave the company a “buy” rating in a research report on Wednesday, August 29th. ValuEngine upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Finally, Robert W. Baird upgraded shares of CarMax from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 27th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $83.93.

In related news, SVP Jon G. Daniels sold 16,325 shares of the business’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $70.88, for a total transaction of $1,157,116.00. Following the transaction, the senior vice president now directly owns 16,325 shares in the company, valued at $1,157,116. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mohammad Shamim sold 34,142 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $74.16, for a total transaction of $2,531,970.72. The disclosure for this sale can be found here. Insiders own 1.97% of the company’s stock.

Shares of NYSE KMX opened at $64.52 on Friday. The stock has a market capitalization of $11.18 billion, a PE ratio of 15.43, a P/E/G ratio of 0.94 and a beta of 1.60. CarMax, Inc has a 52-week low of $57.05 and a 52-week high of $81.67. The company has a current ratio of 2.35, a quick ratio of 0.52 and a debt-to-equity ratio of 3.78.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Wednesday, September 26th. The company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.02. The firm had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.65 billion. CarMax had a net margin of 4.12% and a return on equity of 22.26%. CarMax’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.98 earnings per share. Research analysts predict that CarMax, Inc will post 4.64 earnings per share for the current fiscal year.

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About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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