DekaBank Deutsche Girozentrale Sells 1,307 Shares of CarMax Inc (KMX)
DekaBank Deutsche Girozentrale lowered its position in CarMax Inc (NYSE:KMX) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,662 shares of the company’s stock after selling 1,307 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CarMax were worth $1,930,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in KMX. Bank of Montreal Can boosted its holdings in CarMax by 79.3% in the second quarter. Bank of Montreal Can now owns 102,278 shares of the company’s stock worth $6,449,000 after acquiring an additional 45,232 shares in the last quarter. State of Alaska Department of Revenue bought a new position in CarMax in the second quarter worth approximately $112,000. LS Investment Advisors LLC boosted its holdings in CarMax by 7.1% in the second quarter. LS Investment Advisors LLC now owns 7,034 shares of the company’s stock worth $444,000 after acquiring an additional 466 shares in the last quarter. Aperio Group LLC boosted its holdings in CarMax by 8.7% in the second quarter. Aperio Group LLC now owns 74,510 shares of the company’s stock worth $4,699,000 after acquiring an additional 5,950 shares in the last quarter. Finally, Kelman Lazarov Inc. boosted its holdings in CarMax by 0.8% in the second quarter. Kelman Lazarov Inc. now owns 13,300 shares of the company’s stock worth $839,000 after acquiring an additional 100 shares in the last quarter.
In related news, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $70.75, for a total transaction of $566,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Diane L. Cafritz sold 5,671 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $73.95, for a total value of $419,370.45. Following the sale, the senior vice president now directly owns 7,475 shares of the company’s stock, valued at $552,776.25. The disclosure for this sale can be found here. Insiders have sold 617,955 shares of company stock valued at $45,664,618 over the last ninety days. 1.70% of the stock is currently owned by company insiders.
CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. The company had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. CarMax’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business posted $0.88 earnings per share. research analysts anticipate that CarMax Inc will post 3.84 EPS for the current fiscal year.
KMX has been the topic of several recent research reports. Citigroup Inc. increased their price target on CarMax to $84.00 and gave the stock a “buy” rating in a report on Monday, September 25th. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of CarMax in a report on Friday, August 25th. Zacks Investment Research upgraded CarMax from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a report on Friday, September 8th. Deutsche Bank AG reiterated a “buy” rating and issued a $84.00 price target on shares of CarMax in a report on Monday, September 25th. Finally, Berenberg Bank began coverage on CarMax in a report on Wednesday, October 4th. They issued a “hold” rating and a $83.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $77.00.
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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