Invictus RG purchased a new position in CarMax Inc (NYSE:KMX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,143 shares of the company’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its holdings in shares of CarMax by 3.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock worth $40,552,000 after buying an additional 24,390 shares during the last quarter. Calamos Advisors LLC raised its holdings in shares of CarMax by 20.3% in the second quarter. Calamos Advisors LLC now owns 341,647 shares of the company’s stock worth $21,544,000 after buying an additional 57,657 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of CarMax by 8.3% in the second quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock worth $578,702,000 after buying an additional 706,369 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of CarMax by 6.1% in the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after acquiring an additional 15,545 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of CarMax by 16.1% in the second quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock worth $1,364,000 after acquiring an additional 3,002 shares during the period.

In other CarMax news, SVP Mohammad Shamim sold 1,300 shares of CarMax stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $76.10, for a total transaction of $98,930.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $68.72, for a total transaction of $549,760.00. Following the transaction, the director now directly owns 447,572 shares in the company, valued at $30,757,147.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 625,955 shares of company stock worth $46,214,378. Insiders own 1.90% of the company’s stock.

A number of research firms have recently weighed in on KMX. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, September 26th. Wedbush reiterated an “outperform” rating and issued a $77.00 price objective (up previously from $73.00) on shares of CarMax in a research note on Wednesday, September 13th. Buckingham Research increased their price objective on shares of CarMax from $66.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, September 25th. Credit Suisse Group increased their price objective on shares of CarMax from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. Finally, Oppenheimer lowered shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price objective on the stock. in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.00.

Shares of CarMax Inc (NYSE:KMX) traded down $2.99 during midday trading on Wednesday, hitting $67.72. 3,143,600 shares of the stock traded hands, compared to its average volume of 2,226,024. CarMax Inc has a 1-year low of $54.29 and a 1-year high of $77.64. The firm has a market capitalization of $12,892.55, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.19 and a beta of 1.48. The company has a current ratio of 2.33, a quick ratio of 0.48 and a debt-to-equity ratio of 3.82.

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 Thomson Reuters’ consensus estimate of $0.95 by $0.03. The firm 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%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $0.88 earnings per share. equities analysts expect that CarMax Inc will post 3.84 EPS for the current fiscal year.

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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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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