Patten & Patten Inc. TN boosted its position in shares of CarMax, Inc (NYSE:KMX) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,103 shares of the company’s stock after buying an additional 1,698 shares during the period. Patten & Patten Inc. TN’s holdings in CarMax were worth $2,700,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tredje AP fonden acquired a new stake in CarMax during the third quarter worth about $144,000. QS Investors LLC grew its stake in 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 buying an additional 22 shares in the last quarter. YorkBridge Wealth Partners LLC grew its stake in 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 buying an additional 29 shares in the last quarter. MML Investors Services LLC acquired a new stake in CarMax during the second quarter worth about $201,000. Finally, Commerce Bank acquired a new stake in CarMax during the third quarter worth about $203,000.

A number of brokerages have issued reports on KMX. Wedbush reiterated an “outperform” rating and set a $81.00 price objective on shares of CarMax in a research note on Wednesday, January 10th. 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. 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. 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. Finally, UBS Group upgraded shares of CarMax from a “market perform” rating to an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. CarMax currently has an average rating of “Buy” and an average price target of $78.33.

In related news, Director Thomas J. Folliard sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $75.16, for a total value of $601,280.00. Following the completion of the transaction, the director now owns 463,572 shares in the company, valued at approximately $34,842,071.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William R. Tiefel sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $75.30, for a total transaction of $978,900.00. Following the completion of the transaction, the director now owns 151,659 shares of the company’s stock, valued at approximately $11,419,922.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 72,037 shares of company stock worth $5,140,835. 1.90% of the stock is currently owned by corporate insiders.

CarMax, Inc (KMX) traded up $0.04 on Monday, hitting $70.58. 1,202,800 shares of the stock were exchanged, compared to its average volume of 2,484,577. CarMax, Inc has a one year low of $54.29 and a one year high of $77.64. The company has a current ratio of 2.70, a quick ratio of 0.51 and a debt-to-equity ratio of 3.83. The firm has a market cap of $12,764.25, a P/E ratio of 18.92, a P/E/G ratio of 1.24 and a beta of 1.48.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 21st. The company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). CarMax had a net margin of 4.07% and a return on equity of 21.77%. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. equities analysts predict that CarMax, Inc will post 3.84 earnings per share for the current fiscal year.

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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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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