CarMax Inc (KMX) Shares Bought by Toronto Dominion Bank
Toronto Dominion Bank raised its stake in shares of CarMax Inc (NYSE:KMX) by 10.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,592 shares of the company’s stock after buying an additional 6,827 shares during the period. Toronto Dominion Bank’s holdings in CarMax were worth $5,276,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. New York State Common Retirement Fund increased its stake in CarMax by 10.7% during the 3rd quarter. New York State Common Retirement Fund now owns 516,190 shares of the company’s stock valued at $39,132,000 after buying an additional 49,999 shares during the period. Cobblestone Capital Advisors LLC NY increased its stake in CarMax by 2.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 49,955 shares of the company’s stock valued at $3,787,000 after buying an additional 1,275 shares during the period. BNP Paribas Arbitrage SA increased its stake in CarMax by 44.5% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 100,207 shares of the company’s stock valued at $7,597,000 after buying an additional 30,856 shares during the period. Global X MANAGEMENT CO LLC increased its stake in CarMax by 29.6% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 4,651 shares of the company’s stock valued at $353,000 after buying an additional 1,062 shares during the period. Finally, Principal Financial Group Inc. increased its stake in CarMax by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock valued at $706,487,000 after buying an additional 142,175 shares during the period.
In related news, Director William R. Tiefel sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas J. Folliard sold 16,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $68.39, for a total transaction of $1,094,240.00. Following the sale, the director now owns 495,572 shares of the company’s stock, valued at $33,892,169.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 617,955 shares of company stock valued at $45,664,618. 1.70% of the stock is currently owned by corporate insiders.
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CarMax Inc (NYSE KMX) opened at $69.45 on Friday. CarMax Inc has a fifty-two week low of $54.29 and a fifty-two week high of $77.64. The company has a market cap of $12,662.82, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The company has a quick ratio of 0.48, a current ratio of 2.33 and a debt-to-equity ratio of 3.82.
CarMax (NYSE:KMX) last announced its earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.95 by $0.03. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the company posted $0.88 earnings per share. sell-side analysts predict that CarMax Inc will post 3.84 EPS for the current year.
Several research firms have commented on KMX. UBS AG cut shares of CarMax from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 5th. Oppenheimer Holdings, Inc. lowered shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price objective for the company. in a research report on Thursday, October 5th. CIBC restated a “market perform” rating on shares of CarMax in a research report on Thursday, October 5th. Berenberg Bank began coverage on shares of CarMax in a research report on Wednesday, October 4th. They set a “hold” rating and a $83.00 price objective for the company. Finally, Credit Suisse Group raised their price objective on shares of CarMax from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $77.40.
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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