State Board of Administration of Florida Retirement System raised its position in shares of CarMax Inc (NYSE:KMX) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 293,173 shares of the company’s stock after buying an additional 723 shares during the period. State Board of Administration of Florida Retirement System owned 0.16% of CarMax worth $18,487,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. increased its stake 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 during the period. Flinton Capital Management LLC increased its stake in CarMax by 1.2% in the first quarter. Flinton Capital Management LLC now owns 5,232 shares of the company’s stock worth $310,000 after buying an additional 64 shares during the period. Meadow Creek Investment Management LLC increased its stake in CarMax by 1.2% in the first quarter. Meadow Creek Investment Management LLC now owns 7,194 shares of the company’s stock worth $426,000 after buying an additional 88 shares during the period. Osborne Partners Capital Management LLC increased its stake in CarMax by 0.5% in the second quarter. Osborne Partners Capital Management LLC now owns 18,565 shares of the company’s stock worth $1,171,000 after buying an additional 90 shares during the period. Finally, Argent Trust Co increased its stake in CarMax by 1.7% in the first quarter. Argent Trust Co now owns 5,485 shares of the company’s stock worth $325,000 after buying an additional 91 shares during the period.

CarMax Inc (NYSE KMX) opened at 64.39 on Friday. The firm’s 50-day moving average is $64.97 and its 200-day moving average is $62.64. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $69.11. The company has a market capitalization of $11.80 billion, a PE ratio of 18.49 and a beta of 1.34.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. The company had revenue of $4.54 billion during 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%. CarMax’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.90 earnings per share. On average, equities research analysts forecast that CarMax Inc will post $3.71 EPS for the current year.

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A number of research firms have recently issued reports on KMX. UBS AG downgraded shares of CarMax from a “positive” rating to a “neutral” rating in a report on Thursday, June 22nd. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $74.00 price objective (up from $72.00) on shares of CarMax in a report on Thursday, June 22nd. Deutsche Bank AG lowered their target price on shares of CarMax from $73.00 to $72.00 and set a “buy” rating on the stock in a report on Tuesday, July 4th. Royal Bank Of Canada restated a “market perform” rating and set a $63.00 target price (down from $71.00) on shares of CarMax in a report on Tuesday, July 4th. Finally, Susquehanna Bancshares Inc restated a “neutral” rating and set a $70.00 target price (up from $66.00) on shares of CarMax in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $69.15.

In related news, Director Thomas J. Folliard sold 50,000 shares of the company’s 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 completion of the sale, the director now owns 509,166 shares in the company, valued at $31,267,884.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $66.87, for a total value of $573,945.21. Following the sale, the chief financial officer now owns 70,522 shares of the company’s stock, valued at approximately $4,715,806.14. The disclosure for this sale can be found here. In the last quarter, insiders have sold 188,515 shares of company stock valued at $12,085,019. 1.70% of the stock is owned by company insiders.

About CarMax

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.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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