Bamco Inc. NY reduced its position in CarMax Inc (NYSE:KMX) by 14.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,015 shares of the company’s stock after selling 74,815 shares during the period. Bamco Inc. NY owned about 0.25% of CarMax worth $29,009,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in CarMax by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock valued at $1,146,758,000 after purchasing an additional 380,038 shares in the last quarter. BlackRock Inc. increased its stake in CarMax by 0.5% in the 2nd quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock valued at $702,643,000 after purchasing an additional 53,840 shares in the last quarter. Principal Financial Group Inc. increased its stake in CarMax by 8.3% in the 2nd quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock valued at $578,702,000 after purchasing an additional 706,369 shares in the last quarter. Broad Run Investment Management LLC increased its stake in CarMax by 2.9% in the 1st quarter. Broad Run Investment Management LLC now owns 3,347,395 shares of the company’s stock valued at $198,233,000 after purchasing an additional 93,933 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in CarMax by 751.0% in the 2nd quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock valued at $135,465,000 after purchasing an additional 1,895,763 shares in the last quarter.

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Several research firms have weighed in on KMX. Oppenheimer Holdings, Inc. set a $72.00 price target on CarMax and gave the stock a “buy” rating in a research report on Monday, June 19th. Royal Bank Of Canada raised CarMax from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $63.00 to $69.00 in a research report on Thursday, June 22nd. UBS AG downgraded CarMax from a “positive” rating to a “neutral” rating in a research report on Thursday, June 22nd. 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 research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $74.00 price target (up previously from $72.00) on shares of CarMax in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. CarMax has an average rating of “Buy” and a consensus target price of $77.57.

Shares of CarMax Inc (NYSE:KMX) traded down 0.16% on Friday, reaching $75.81. The company had a trading volume of 1,402,111 shares. The company has a 50 day moving average price of $66.11 and a 200 day moving average price of $62.70. The stock has a market capitalization of $13.89 billion, a PE ratio of 21.77 and a beta of 1.32. CarMax Inc has a 52-week low of $47.50 and a 52-week high of $76.40.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. CarMax’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 earnings per share. On average, equities research analysts anticipate that CarMax Inc will post $3.81 earnings per share for the current year.

In related news, EVP Eric M. Margolin sold 57,757 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $74.53, for a total value of $4,304,629.21. Following the completion of the sale, the executive vice president now directly owns 26,504 shares in the company, valued at $1,975,343.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Diane L. Cafritz sold 5,671 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $73.95, for a total transaction of $419,370.45. Following the completion of the sale, the senior vice president now owns 7,475 shares of the company’s stock, valued at $552,776.25. The disclosure for this sale can be found here. Insiders sold 646,329 shares of company stock valued at $46,369,449 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

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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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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