Kanawha Capital Management LLC cut its stake in CarMax, Inc (NYSE:KMX) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,823 shares of the company’s stock after selling 351 shares during the quarter. Kanawha Capital Management LLC’s holdings in CarMax were worth $867,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its position in shares of CarMax by 9.4% during the fourth quarter. Bank of Montreal Can now owns 144,888 shares of the company’s stock valued at $9,089,000 after acquiring an additional 12,403 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its position in shares of CarMax by 17.4% during the fourth quarter. Leith Wheeler Investment Counsel Ltd. now owns 69,469 shares of the company’s stock valued at $4,358,000 after acquiring an additional 10,280 shares during the last quarter. Gagnon Securities LLC increased its position in shares of CarMax by 17.9% during the fourth quarter. Gagnon Securities LLC now owns 82,701 shares of the company’s stock valued at $5,188,000 after acquiring an additional 12,536 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of CarMax by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 103,218 shares of the company’s stock valued at $6,475,000 after acquiring an additional 770 shares during the last quarter. Finally, Douglass Winthrop Advisors LLC increased its position in shares of CarMax by 29.8% during the fourth quarter. Douglass Winthrop Advisors LLC now owns 594,180 shares of the company’s stock valued at $37,273,000 after acquiring an additional 136,491 shares during the last quarter.

In other CarMax news, SVP Jon G. Daniels sold 16,325 shares of the stock in a transaction on Monday, October 29th. The stock was sold at an average price of $70.88, for a total transaction of $1,157,116.00. Following the completion of the transaction, the senior vice president now directly owns 16,325 shares of the company’s stock, valued at $1,157,116. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.97% of the stock is currently owned by corporate insiders.

NYSE KMX traded down $0.15 on Wednesday, hitting $59.30. 14,918 shares of the stock traded hands, compared to its average volume of 1,477,444. CarMax, Inc has a 12 month low of $55.24 and a 12 month high of $81.67. The firm has a market cap of $10.53 billion, a price-to-earnings ratio of 16.07, a price-to-earnings-growth ratio of 0.93 and a beta of 1.46. The company has a current ratio of 2.50, a quick ratio of 0.52 and a debt-to-equity ratio of 3.93.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, December 21st. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. CarMax had a return on equity of 23.26% and a net margin of 4.30%. The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period in the prior year, the company earned $0.81 earnings per share. CarMax’s revenue was up 4.6% compared to the same quarter last year. Analysts forecast that CarMax, Inc will post 4.72 EPS for the current year.

A number of brokerages recently commented on KMX. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research report on Friday, October 5th. Wolfe Research began coverage on CarMax in a research report on Tuesday, October 2nd. They set a “peer perform” rating for the company. Wedbush decreased their price target on CarMax from $87.00 to $70.00 and set an “outperform” rating for the company in a research report on Monday, December 24th. Royal Bank of Canada decreased their price target on CarMax to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, December 19th. Finally, ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $81.00.

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CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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