Profund Advisors LLC Sells 646 Shares of CarMax, Inc. (NYSE:KMX)

Profund Advisors LLC reduced its stake in shares of CarMax, Inc. (NYSE:KMX) by 17.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,004 shares of the company’s stock after selling 646 shares during the period. Profund Advisors LLC’s holdings in CarMax were worth $220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Community Trust NA acquired a new stake in shares of CarMax in the second quarter valued at about $29,000. Blue Trust Inc. increased its position in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after purchasing an additional 287 shares during the period. Studio Investment Management LLC raised its holdings in CarMax by 176.7% during the 2nd 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 bought a new position in CarMax during the 1st quarter worth approximately $55,000. Finally, First Financial Corp IN lifted its position in shares of CarMax by 127.2% in the 1st quarter. First Financial Corp IN now owns 1,045 shares of the company’s stock worth $91,000 after purchasing an additional 585 shares during the period.

Insider Buying and Selling at CarMax

In related news, EVP Mohammad Shamim sold 25,000 shares of CarMax stock in a transaction that occurred 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 transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at $965,567.88. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of CarMax stock in a transaction on Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the transaction, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Charles Joseph Wilson sold 10,021 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the completion of the sale, the chief operating officer now owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 184,012 shares of company stock worth $14,803,843. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating and set a $80.00 target price on shares of CarMax in a research note on Friday, June 21st. Wedbush reissued an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Tuesday, September 17th. Royal Bank of Canada upped their target price on CarMax from $75.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, July 26th. Finally, Needham & Company LLC increased their price target on CarMax from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Friday. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $78.92.

CarMax Stock Performance

NYSE KMX opened at $77.32 on Friday. The company has a market cap of $12.07 billion, a P/E ratio of 30.20, a PEG ratio of 1.56 and a beta of 1.69. The company has a fifty day simple moving average of $79.71 and a 200 day simple moving average of $76.33. The company has a current ratio of 2.50, a quick ratio of 0.60 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.

CarMax (NYSE:KMX) last issued its quarterly earnings data 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 1.55% and a return on equity of 6.64%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts predict that CarMax, Inc. will post 2.99 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.