Tredje AP fonden Sells 388 Shares of CarMax, Inc. (NYSE:KMX)

Tredje AP fonden lessened its holdings in CarMax, Inc. (NYSE:KMX) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,828 shares of the company’s stock after selling 388 shares during the period. Tredje AP fonden’s holdings in CarMax were worth $1,821,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. First Community Trust NA purchased a new stake in shares of CarMax in the 2nd quarter valued at about $29,000. Blue Trust Inc. lifted its position in CarMax by 134.1% during the second 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 last quarter. Studio Investment Management LLC grew its stake in CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after buying an additional 334 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of CarMax in the 1st quarter worth $55,000. Finally, First Financial Corp IN raised its position in shares of CarMax by 127.2% during the 1st quarter. First Financial Corp IN now owns 1,045 shares of the company’s stock valued at $91,000 after buying an additional 585 shares in the last quarter.

CarMax Stock Down 1.7 %

NYSE:KMX opened at $76.10 on Friday. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. The firm’s 50-day moving average price is $80.36 and its 200-day moving average price is $76.54. The company has a market capitalization of $11.88 billion, a PE ratio of 29.73, a P/E/G ratio of 1.53 and a beta of 1.69. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the prior year, the company earned $1.16 earnings per share. The business’s revenue was down 7.5% compared to the same quarter last year. On average, equities analysts predict that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Insider Buying and Selling

In other CarMax news, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction 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 completion of the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $14,465,600.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other 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 sale, the senior vice president now owns 995 shares in the company, valued at $72,097.70. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO William D. Nash sold 120,000 shares of the business’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 completion of the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The disclosure for this sale can be found here. Insiders have sold 185,243 shares of company stock worth $14,893,042 in the last 90 days. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on KMX shares. Wedbush reissued an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research note on Tuesday. Royal Bank of Canada increased their target price on shares of CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 24th. Oppenheimer restated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Monday, June 24th. Mizuho lowered their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Finally, Truist Financial boosted their price objective on CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, June 24th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $77.08.

CarMax 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.