Elo Mutual Pension Insurance Co Has $826,000 Position in CarMax, Inc. (NYSE:KMX)

Elo Mutual Pension Insurance Co trimmed its stake in shares of CarMax, Inc. (NYSE:KMX) by 5.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,259 shares of the company’s stock after selling 669 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in CarMax were worth $826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in KMX. Vanguard Personalized Indexing Management LLC raised its position in CarMax by 49.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the company’s stock valued at $681,000 after purchasing an additional 3,155 shares during the last quarter. Argent Trust Co increased its stake in shares of CarMax by 22.3% in the second quarter. Argent Trust Co now owns 31,509 shares of the company’s stock valued at $2,311,000 after buying an additional 5,739 shares during the period. Dimensional Fund Advisors LP raised its holdings in CarMax by 2.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock valued at $147,230,000 after buying an additional 51,397 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in CarMax by 21.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock worth $121,479,000 after buying an additional 288,165 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in CarMax by 8.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,938 shares of the company’s stock worth $509,000 after acquiring an additional 547 shares during the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho cut their price target on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Tuesday, September 17th. Evercore ISI increased their price target on CarMax from $68.00 to $72.00 and gave the company an “in-line” rating in a research note on Tuesday, July 16th. Argus raised CarMax to a “hold” rating in a research note on Tuesday, June 25th. Finally, StockNews.com raised shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $77.08.

Insider Activity at CarMax

In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the transaction, the senior vice president now owns 995 shares in the company, valued at $72,097.70. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total transaction of $777,680.28. Following the completion of the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at $1,690,899.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at approximately $72,097.70. The disclosure for this sale can be found here. Insiders sold 185,243 shares of company stock valued at $14,893,042 in the last three months. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Performance

NYSE:KMX opened at $76.10 on Friday. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a fifty day moving average of $80.26 and a 200-day moving average of $76.52. The firm has a market capitalization of $11.88 billion, a P/E ratio of 29.73, a P/E/G ratio of 1.53 and a beta of 1.69.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business’s revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 earnings per share. As a group, sell-side analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current year.

CarMax Company 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.