CarMax, Inc. (NYSE:KMX) Stock Holdings Lifted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in CarMax, Inc. (NYSE:KMX) by 41.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,212 shares of the company’s stock after purchasing an additional 2,118 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CarMax were worth $558,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KMX. Vulcan Value Partners LLC lifted its position in CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after purchasing an additional 1,369,986 shares during the last quarter. DAVENPORT & Co LLC increased its stake in CarMax by 1,327.3% during the 1st quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock valued at $89,070,000 after buying an additional 951,558 shares during the period. Epoch Investment Partners Inc. increased its stake in CarMax by 3,094.0% during the 1st quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock valued at $51,949,000 after buying an additional 577,685 shares during the period. Marshall Wace LLP increased its stake in CarMax by 87.6% during the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after buying an additional 541,967 shares during the period. Finally, AQR Capital Management LLC increased its stake in CarMax by 212.8% during the 2nd quarter. AQR Capital Management LLC now owns 488,836 shares of the company’s stock valued at $35,851,000 after buying an additional 332,574 shares during the period.

Insider Transactions at CarMax

In other news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at $965,567.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on KMX. BNP Paribas raised shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $80.00 price objective on shares of CarMax in a research note on Friday, June 21st. StockNews.com raised shares of CarMax to a “sell” rating in a research note on Friday, July 26th. Argus raised shares of CarMax to a “hold” rating in a research note on Tuesday, June 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of CarMax in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.73.

CarMax Price Performance

NYSE KMX opened at $74.70 on Friday. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The stock has a market capitalization of $11.66 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68. The company has a 50 day moving average price of $78.02 and a two-hundred day moving average price of $75.31. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The business had revenue of $7.01 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the firm earned $0.75 earnings per share. CarMax’s revenue was down .9% compared to the same quarter last year. As a group, equities analysts predict that CarMax, Inc. will post 2.97 earnings per share for the current fiscal year.

About CarMax

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.