Thrivent Financial For Lutherans Grows Position in CarMax Inc (KMX)
Thrivent Financial For Lutherans increased its holdings in CarMax Inc (NYSE:KMX) by 2.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,000 shares of the company’s stock after purchasing an additional 160 shares during the quarter. Thrivent Financial For Lutherans’ holdings in CarMax were worth $441,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMX. Korea Investment CORP raised its holdings in shares of CarMax by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after purchasing an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue bought a new stake in shares of CarMax in the 2nd quarter worth approximately $112,000. Seven Eight Capital LP bought a new stake in shares of CarMax in the 2nd quarter worth approximately $133,000. Global X Management Co. LLC raised its holdings in shares of CarMax by 7.3% in the 1st quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock worth $148,000 after purchasing an additional 169 shares in the last quarter. Finally, Heritage Wealth Advisors bought a new stake in shares of CarMax in the 2nd quarter worth approximately $204,000.
CarMax Inc (NYSE:KMX) opened at 75.26 on Thursday. The stock has a market capitalization of $13.79 billion, a P/E ratio of 21.61 and a beta of 1.38. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $77.64. The company’s 50-day moving average is $72.32 and its 200-day moving average is $64.70.
CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same period last year, the company posted $0.88 EPS. CarMax’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts anticipate that CarMax Inc will post $3.81 earnings per share for the current year.
A number of analysts recently commented on the stock. Deutsche Bank AG dropped 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 reiterated a “market perform” rating and issued a $63.00 target price (down from $71.00) on shares of CarMax in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $74.00 target price (up from $72.00) on shares of CarMax in a report on Thursday, June 22nd. UBS AG downgraded shares of CarMax from a “positive” rating to a “neutral” rating in a report on Thursday, June 22nd. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued 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, eight have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $77.93.
In related news, EVP Edwin J. Hill sold 25,000 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $75.75, for a total transaction of $1,893,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $75.09, for a total value of $600,720.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 642,520 shares of company stock valued at $47,009,893. 1.70% of the stock is owned by company insiders.
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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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