American International Group Inc. Sells 263 Shares of CarMax, Inc. (NYSE:KMX)

American International Group Inc. lessened its stake in shares of CarMax, Inc. (NYSE:KMX) by 0.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,678 shares of the company’s stock after selling 263 shares during the period. American International Group Inc.’s holdings in CarMax were worth $3,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets raised its stake in CarMax by 16.4% in the fourth quarter. BNP Paribas Financial Markets now owns 127,402 shares of the company’s stock worth $9,777,000 after buying an additional 17,973 shares in the last quarter. Fairview Capital Investment Management LLC raised its stake in CarMax by 7.0% in the fourth quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock worth $19,302,000 after buying an additional 16,438 shares in the last quarter. Quadrature Capital Ltd bought a new position in CarMax in the fourth quarter worth approximately $5,637,000. Charles Schwab Investment Management Inc. raised its stake in CarMax by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 991,111 shares of the company’s stock worth $76,058,000 after buying an additional 30,107 shares in the last quarter. Finally, First Pacific Advisors LP raised its stake in CarMax by 1.2% in the fourth quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock worth $178,923,000 after buying an additional 28,095 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KMX shares. Bank of America lifted their price target on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Evercore ISI cut their price target on shares of CarMax from $73.00 to $68.00 and set an “in-line” rating on the stock in a report on Thursday, June 20th. StockNews.com raised shares of CarMax to a “sell” rating in a report on Monday, April 22nd. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price target on shares of CarMax in a report on Tuesday, June 18th. Finally, Needham & Company LLC cut their price target on shares of CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Monday. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.50.

Insider Buying and Selling at CarMax

In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the transaction, the executive vice president now owns 6,977 shares in the company, valued at $485,110.81. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.66% of the stock is owned by corporate insiders.

CarMax Price Performance

NYSE:KMX opened at $73.18 on Tuesday. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The firm has a market cap of $11.52 billion, a price-to-earnings ratio of 24.15, a PEG ratio of 1.40 and a beta of 1.69. The firm’s fifty day moving average is $70.32 and its two-hundred day moving average is $73.92.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.94 by $0.03. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was down 7.5% on a year-over-year basis. Research analysts expect that CarMax, Inc. will post 3.06 EPS for the current year.

CarMax Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.