Epoch Investment Partners Inc. Sells 17,799 Shares of CarMax, Inc. (NYSE:KMX)

Epoch Investment Partners Inc. trimmed its position in CarMax, Inc. (NYSE:KMX) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 578,557 shares of the company’s stock after selling 17,799 shares during the period. Epoch Investment Partners Inc. owned approximately 0.37% of CarMax worth $42,431,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. First Community Trust NA acquired a new stake in CarMax in the 2nd quarter valued at approximately $29,000. Blue Trust Inc. lifted its position in shares of CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after purchasing an additional 287 shares in the last quarter. Studio Investment Management LLC boosted its holdings in CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after purchasing an additional 334 shares during the last quarter. Headlands Technologies LLC acquired a new position in CarMax during the first quarter worth $55,000. Finally, First Financial Corp IN grew its position in CarMax by 127.2% in the first quarter. First Financial Corp IN now owns 1,045 shares of the company’s stock valued at $91,000 after purchasing an additional 585 shares in the last quarter.

CarMax Trading Down 1.7 %

Shares of NYSE:KMX opened at $76.10 on Monday. The stock has a market cap of $11.88 billion, a PE ratio of 29.73, a P/E/G ratio of 1.53 and a beta of 1.69. 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 12-month low of $59.66 and a 12-month high of $88.22. The business has a 50 day moving average of $80.26 and a 200-day moving average of $76.46.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, June 21st. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm 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 firm posted $1.16 EPS. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, equities research analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current year.

Insider Activity

In related news, 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 transaction, the senior vice president now directly owns 995 shares of the company’s stock, valued at $72,097.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William D. Nash sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at $14,465,600.46. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,243 shares of company stock valued at $14,893,042. 1.66% of the stock is owned by company insiders.

Analysts Set New Price Targets

KMX has been the subject of several analyst reports. Needham & Company LLC decreased their price objective on CarMax from $91.00 to $87.00 and set a “buy” rating for the company in a report on Monday, June 24th. Oppenheimer restated an “outperform” rating and issued a $105.00 price target on shares of CarMax in a research note on Monday, June 24th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 price objective on shares of CarMax in a research note on Friday, June 21st. Mizuho decreased their target price on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of CarMax in a research report on Tuesday, September 17th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $77.08.

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.