CarMax, Inc. (NYSE:KMX) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its position in CarMax, Inc. (NYSE:KMX) by 52.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,945 shares of the company’s stock after purchasing an additional 4,108 shares during the quarter. Summit Trail Advisors LLC’s holdings in CarMax were worth $876,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its stake in shares of CarMax by 5.7% during the 4th quarter. Gilbert & Cook Inc. now owns 8,011 shares of the company’s stock worth $615,000 after purchasing an additional 431 shares during the period. D.A. Davidson & CO. lifted its position in CarMax by 3.5% during the fourth quarter. D.A. Davidson & CO. now owns 11,850 shares of the company’s stock worth $909,000 after buying an additional 400 shares during the period. Franklin Resources Inc. lifted its position in CarMax by 1.3% during the fourth quarter. Franklin Resources Inc. now owns 16,706 shares of the company’s stock worth $1,282,000 after buying an additional 212 shares during the period. Intech Investment Management LLC boosted its stake in CarMax by 18.9% in the 4th quarter. Intech Investment Management LLC now owns 42,950 shares of the company’s stock worth $3,296,000 after buying an additional 6,816 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its holdings in CarMax by 2.6% in the 4th quarter. Cape Investment Advisory Inc. now owns 12,274 shares of the company’s stock valued at $942,000 after buying an additional 306 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Argus raised shares of CarMax to a “hold” rating in a research report on Tuesday, June 25th. StockNews.com raised shares of CarMax to a “sell” rating in a research note on Friday, July 26th. Mizuho cut their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Needham & Company LLC lowered their price target on CarMax from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Finally, Evercore ISI raised their price objective on CarMax from $68.00 to $72.00 and gave the stock an “in-line” rating in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, CarMax has an average rating of “Hold” and an average target price of $77.08.

Insider Activity

In related news, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 995 shares of the company’s stock, valued at $72,097.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the company’s stock in a transaction on 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 in the company, valued at $1,690,899.60. The disclosure for this sale can be found here. Insiders sold 185,243 shares of company stock worth $14,893,042 over the last ninety days. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Down 1.7 %

Shares of NYSE:KMX opened at $76.10 on Monday. The company has a market capitalization of $11.88 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. The company has a 50 day moving average of $80.26 and a two-hundred day moving average of $76.46. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. 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 (NYSE:KMX) last released its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $7.11 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. As a group, analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current fiscal 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.