Commerzbank Aktiengesellschaft FI trimmed its stake in shares of CarMax, Inc (NYSE:KMX) by 43.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,185 shares of the company’s stock after selling 2,398 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in CarMax were worth $241,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Korea Investment CORP raised its position in shares of CarMax by 140.5% during the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after acquiring an additional 1,033 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of CarMax during the second quarter worth about $133,000. QS Investors LLC raised its position in shares of CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after acquiring an additional 22 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after acquiring an additional 29 shares during the last quarter. Finally, MML Investors Services LLC acquired a new stake in CarMax during the second quarter worth approximately $201,000.

Several research firms recently commented on KMX. Zacks Investment Research cut CarMax from a “buy” rating to a “hold” rating in a research note on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $77.00 target price (up previously from $73.00) on shares of CarMax in a research note on Wednesday, September 13th. Buckingham Research raised their target price on 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 raised their target price on CarMax from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, September 29th. Finally, Oppenheimer cut CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $77.00.

Shares of CarMax, Inc (KMX) traded up $0.49 during trading on Tuesday, reaching $67.97. The company’s stock had a trading volume of 1,107,600 shares, compared to its average volume of 2,217,510. 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, Inc has a 12-month low of $54.29 and a 12-month high of $77.64. The firm has a market capitalization of $12,303.63, a PE ratio of 18.54, a PEG ratio of 1.14 and a beta of 1.48.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. analysts expect that CarMax, Inc will post 3.84 earnings per share for the current fiscal year.

In related news, SVP Mohammad Shamim sold 1,300 shares of CarMax stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $76.10, for a total transaction of $98,930.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William R. Tiefel sold 23,000 shares of CarMax stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total value of $1,756,970.00. The disclosure for this sale can be found here. Insiders sold 625,955 shares of company stock valued at $46,214,378 in the last three months. Insiders own 1.90% of the company’s stock.

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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.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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