DekaBank Deutsche Girozentrale Raises Stake in CarMax Inc (KMX)
DekaBank Deutsche Girozentrale raised its position in CarMax Inc (NYSE:KMX) by 119.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,969 shares of the company’s stock after buying an additional 16,294 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CarMax were worth $1,931,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Korea Investment CORP increased its position in CarMax by 140.5% in the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after buying an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in CarMax during the second quarter worth approximately $112,000. First Bank & Trust increased its position in CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock worth $123,000 after buying an additional 138 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock worth $124,000 after buying an additional 49 shares in the last quarter. Finally, Global X Management Co. LLC increased its position in CarMax by 7.3% in the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock worth $148,000 after buying an additional 169 shares in the last quarter.
Shares of CarMax Inc (NYSE KMX) opened at 63.97 on Monday. The firm has a market cap of $11.72 billion, a P/E ratio of 18.37 and a beta of 1.34. CarMax Inc has a 12-month low of $47.50 and a 12-month high of $69.11. The company has a 50-day moving average of $64.93 and a 200 day moving average of $62.69.
CarMax (NYSE:KMX) last announced its earnings results on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. The company had revenue of $4.54 billion for the quarter, compared to analysts’ expectations of $4.46 billion. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. Equities analysts predict that CarMax Inc will post $3.71 EPS for the current year.
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A number of equities analysts have commented on the stock. UBS AG downgraded shares of CarMax from a “positive” rating to a “neutral” rating in a report on Thursday, June 22nd. Zacks Investment Research downgraded shares of CarMax from a “buy” rating to a “hold” rating in a report on Friday, August 4th. ValuEngine downgraded shares of CarMax from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Royal Bank Of Canada raised shares of CarMax from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $63.00 to $69.00 in a report on Thursday, June 22nd. Finally, Susquehanna Bancshares Inc reissued a “neutral” rating and set a $70.00 price target (up previously from $66.00) on shares of CarMax in a report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. CarMax currently has a consensus rating of “Buy” and an average target price of $69.15.
In other news, Director Thomas J. Folliard sold 50,000 shares of the stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the sale, the director now owns 509,166 shares in the company, valued at $31,267,884.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eric M. Margolin sold 18,659 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $64.06, for a total value of $1,195,295.54. Following the sale, the executive vice president now owns 47,163 shares in the company, valued at approximately $3,021,261.78. The disclosure for this sale can be found here. Insiders have sold 188,515 shares of company stock worth $12,085,019 in the last 90 days. Company insiders own 1.90% 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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