Gilman Hill Asset Management LLC Buys 645 Shares of CarMax, Inc. (NYSE:KMX)

Gilman Hill Asset Management LLC boosted its stake in shares of CarMax, Inc. (NYSE:KMXGet Rating) by 3.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,406 shares of the company’s stock after acquiring an additional 645 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in CarMax were worth $2,065,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Redpoint Investment Management Pty Ltd grew its holdings in CarMax by 40.6% during the 1st quarter. Redpoint Investment Management Pty Ltd now owns 3,343 shares of the company’s stock worth $323,000 after acquiring an additional 966 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in shares of CarMax in the 1st quarter valued at about $296,000. Coastal Investment Advisors Inc. boosted its stake in shares of CarMax by 2.7% in the 1st quarter. Coastal Investment Advisors Inc. now owns 10,623 shares of the company’s stock valued at $1,025,000 after purchasing an additional 281 shares during the last quarter. Alliance Wealth Advisors LLC boosted its stake in shares of CarMax by 27.8% in the 1st quarter. Alliance Wealth Advisors LLC now owns 2,474 shares of the company’s stock valued at $239,000 after purchasing an additional 538 shares during the last quarter. Finally, Fenimore Asset Management Inc. boosted its stake in shares of CarMax by 0.4% in the 1st quarter. Fenimore Asset Management Inc. now owns 862,993 shares of the company’s stock valued at $83,262,000 after purchasing an additional 3,540 shares during the last quarter. 96.10% of the stock is currently owned by hedge funds and other institutional investors.

KMX has been the topic of several recent research reports. Needham & Company LLC initiated coverage on shares of CarMax in a research note on Monday, May 2nd. They issued a “hold” rating on the stock. Wedbush reduced their target price on shares of CarMax from $95.00 to $90.00 in a research note on Wednesday, April 13th. Oppenheimer cut their price target on shares of CarMax from $158.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, April 8th. Bank of America downgraded shares of CarMax from a “buy” rating to a “neutral” rating and cut their price target for the company from $195.00 to $165.00 in a research report on Wednesday, April 6th. Finally, StockNews.com initiated coverage on shares of CarMax in a research report on Thursday, March 31st. They issued a “sell” rating on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.70.

Shares of NYSE:KMX traded up $0.74 during midday trading on Thursday, reaching $90.49. 27,741 shares of the company were exchanged, compared to its average volume of 1,399,073. The firm has a market cap of $14.53 billion, a PE ratio of 12.90, a P/E/G ratio of 0.91 and a beta of 1.42. CarMax, Inc. has a fifty-two week low of $84.37 and a fifty-two week high of $155.98. The stock has a fifty day simple moving average of $93.08 and a two-hundred day simple moving average of $106.02. The company has a quick ratio of 0.70, a current ratio of 3.20 and a debt-to-equity ratio of 3.47.

CarMax (NYSE:KMXGet Rating) last announced its earnings results on Tuesday, April 12th. The company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.30). The company had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.58 billion. CarMax had a return on equity of 22.74% and a net margin of 3.61%. CarMax’s revenue for the quarter was up 48.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.27 earnings per share. As a group, analysts forecast that CarMax, Inc. will post 6.15 earnings per share for the current year.

CarMax Profile (Get Rating)

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through 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, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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