Carnick & Kubik Group LLC decreased its stake in shares of CarMax, Inc (NYSE:KMX) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,595 shares of the company’s stock after selling 1,635 shares during the period. Carnick & Kubik Group LLC’s holdings in CarMax were worth $423,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. QS Investors LLC grew its position in CarMax by 1.0% in the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after purchasing an additional 22 shares in the last quarter. Thrivent Financial For Lutherans grew its position in CarMax by 2.3% in the second quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock valued at $441,000 after purchasing an additional 160 shares in the last quarter. Sterling Capital Management LLC grew its position in CarMax by 1.8% in the second quarter. Sterling Capital Management LLC now owns 19,500 shares of the company’s stock valued at $1,230,000 after purchasing an additional 353 shares in the last quarter. Nippon Life Insurance Co. grew its position in CarMax by 5.5% in the third quarter. Nippon Life Insurance Co. now owns 13,806 shares of the company’s stock valued at $1,047,000 after purchasing an additional 723 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in CarMax by 27.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,380 shares of the company’s stock valued at $217,000 after purchasing an additional 736 shares in the last quarter.

Shares of CarMax, Inc (KMX) opened at $63.78 on Thursday. The company has a market cap of $11,463.95, a price-to-earnings ratio of 17.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. The company has a debt-to-equity ratio of 3.83, a current ratio of 2.70 and a quick ratio of 0.51. CarMax, Inc has a 12 month low of $54.29 and a 12 month high of $77.64.

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

A number of research analysts recently weighed in on KMX shares. Northcoast Research raised shares of CarMax from a “neutral” rating to a “buy” rating in a research report on Thursday, December 14th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Wednesday, November 22nd. Credit Suisse Group raised shares of CarMax to a “buy” rating and set a $83.00 target price for the company in a research report on Monday, December 25th. Wedbush set a $81.00 target price on shares of CarMax and gave the company a “buy” rating in a research report on Thursday, December 28th. Finally, Berenberg Bank raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Monday, January 8th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. CarMax currently has a consensus rating of “Buy” and an average target price of $79.68.

In other CarMax news, Director Thomas J. Folliard sold 8,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $72.40, for a total value of $579,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Darren C. Newberry sold 6,584 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total transaction of $478,064.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,584 shares of company stock valued at $4,660,064. Corporate insiders own 1.70% of the company’s stock.

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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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