CarMax, Inc. (NYSE:KMX) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC grew its holdings in shares of CarMax, Inc. (NYSE:KMX) by 212.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 488,836 shares of the company’s stock after buying an additional 332,574 shares during the quarter. AQR Capital Management LLC owned 0.31% of CarMax worth $35,851,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in KMX. Vanguard Group Inc. increased its holdings in CarMax by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock valued at $1,387,222,000 after purchasing an additional 222,132 shares in the last quarter. Morningstar Investment Services LLC grew its stake in shares of CarMax by 95.4% in the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock valued at $211,516,000 after buying an additional 1,326,840 shares in the last quarter. First Pacific Advisors LP raised its holdings in shares of CarMax by 2.0% during the 2nd quarter. First Pacific Advisors LP now owns 2,386,210 shares of the company’s stock valued at $175,005,000 after buying an additional 47,184 shares during the period. Dimensional Fund Advisors LP lifted its position in CarMax by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after acquiring an additional 51,397 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in CarMax by 21.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,656,388 shares of the company’s stock valued at $121,479,000 after acquiring an additional 288,165 shares in the last quarter.

Insider Transactions at CarMax

In related news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the completion of the transaction, the chief operating officer now owns 15,609 shares in the company, valued at approximately $1,249,032.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 value of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were 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 of the company’s stock, valued at $14,465,600.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,012 shares of company stock worth $14,803,843. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

CarMax stock opened at $77.32 on Friday. The company has a market cap of $12.07 billion, a PE ratio of 30.20, a P/E/G ratio of 1.56 and a beta of 1.69. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The company has a fifty day moving average price of $79.71 and a two-hundred day moving average price of $76.33. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 earnings per share 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 the consensus estimate of $6.83 billion. During the same period in the prior year, the company earned $0.75 EPS. CarMax’s quarterly revenue was down .9% on a year-over-year basis. Research analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Needham & Company LLC boosted their target price on shares of CarMax from $87.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada raised their target price on CarMax from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday. JPMorgan Chase & Co. boosted their price target on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, September 19th. Oppenheimer restated an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research note on Monday, June 24th. Finally, Argus raised CarMax to a “hold” rating in a research report on Tuesday, June 25th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $78.92.

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.