Fenimore Asset Management Inc. Acquires 950 Shares of CarMax Inc. (KMX)
Fenimore Asset Management Inc. raised its position in shares of CarMax Inc. (NYSE:KMX) by 0.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 878,978 shares of the company’s stock after buying an additional 950 shares during the period. CarMax accounts for about 2.2% of Fenimore Asset Management Inc.’s investment portfolio, making the stock its 16th largest position. Fenimore Asset Management Inc. owned about 0.46% of CarMax worth $46,893,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Commonwealth Equity Services Inc boosted its position in shares of CarMax by 28.4% in the first quarter. Commonwealth Equity Services Inc now owns 9,488 shares of the company’s stock worth $485,000 after buying an additional 2,099 shares during the last quarter. IFP Advisors Inc boosted its position in shares of CarMax by 9.8% in the first quarter. IFP Advisors Inc now owns 2,820 shares of the company’s stock worth $144,000 after buying an additional 251 shares during the last quarter. Teachers Advisors Inc. boosted its position in shares of CarMax by 2.3% in the first quarter. Teachers Advisors Inc. now owns 399,410 shares of the company’s stock worth $20,410,000 after buying an additional 9,063 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of CarMax by 8.2% in the first quarter. JPMorgan Chase & Co. now owns 239,550 shares of the company’s stock worth $12,241,000 after buying an additional 18,058 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of CarMax during the first quarter worth approximately $1,101,000.
Shares of CarMax Inc. (NYSE:KMX) traded up 0.86% during trading on Wednesday, reaching $51.58. The company’s stock had a trading volume of 1,006,525 shares. The company has a 50-day moving average price of $55.93 and a 200-day moving average price of $53.82. CarMax Inc. has a one year low of $41.25 and a one year high of $60.81. The stock has a market cap of $9.82 billion, a price-to-earnings ratio of 16.77 and a beta of 1.42.
CarMax (NYSE:KMX) last issued its quarterly earnings data on Wednesday, September 21st. The company reported $0.88 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.88. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $4.11 billion. CarMax had a return on equity of 20.92% and a net margin of 3.95%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 EPS. On average, equities research analysts forecast that CarMax Inc. will post $3.28 earnings per share for the current fiscal year.
A number of research analysts have commented on KMX shares. Wedbush reiterated a “hold” rating and set a $44.00 price target on shares of CarMax in a research report on Thursday, June 16th. Buckingham Research reiterated a “buy” rating and set a $60.00 price target on shares of CarMax in a research report on Tuesday, June 21st. Robert W. Baird reiterated a “neutral” rating and set a $58.00 price target (down from $60.00) on shares of CarMax in a research report on Wednesday, June 22nd. Oppenheimer Holdings Inc. reiterated a “buy” rating on shares of CarMax in a research report on Wednesday, June 22nd. Finally, Susquehanna assumed coverage on shares of CarMax in a report on Thursday, August 25th. They issued a “positive” rating and a $70.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $62.01.
In other news, EVP Edwin J. Hill sold 51,875 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The stock was sold at an average price of $57.59, for a total transaction of $2,987,481.25. Following the transaction, the executive vice president now owns 36,943 shares of the company’s stock, valued at approximately $2,127,547.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Natalie L. Wyatt sold 1,417 shares of the business’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $57.81, for a total value of $81,916.77. Following the transaction, the vice president now directly owns 3,020 shares in the company, valued at approximately $174,586.20. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.
CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
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