CarMax, Inc. (NYSE:KMX) Stock Holdings Lifted by First Financial Corp IN

First Financial Corp IN lifted its position in CarMax, Inc. (NYSE:KMXFree Report) by 127.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,045 shares of the company’s stock after acquiring an additional 585 shares during the period. First Financial Corp IN’s holdings in CarMax were worth $91,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KMX. Norges Bank purchased a new position in CarMax during the fourth quarter valued at approximately $288,278,000. Morningstar Investment Services LLC grew its position in CarMax by 95.4% in the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after acquiring an additional 1,326,840 shares in the last quarter. American Century Companies Inc. grew its position in CarMax by 674.3% in the third quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock worth $57,059,000 after acquiring an additional 702,526 shares in the last quarter. Verition Fund Management LLC grew its position in CarMax by 5,711.9% in the fourth quarter. Verition Fund Management LLC now owns 427,176 shares of the company’s stock worth $32,781,000 after acquiring an additional 419,826 shares in the last quarter. Finally, Rings Capital Management LLC grew its position in CarMax by 162.9% in the fourth quarter. Rings Capital Management LLC now owns 460,000 shares of the company’s stock worth $35,300,000 after acquiring an additional 285,000 shares in the last quarter.

CarMax Trading Down 1.9 %

Shares of NYSE:KMX traded down $1.41 during mid-day trading on Tuesday, reaching $71.77. The stock had a trading volume of 2,857,531 shares, compared to its average volume of 2,032,102. The firm has a market cap of $11.30 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 1.41 and a beta of 1.69. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The firm has a 50 day simple moving average of $70.32 and a two-hundred day simple moving average of $73.92. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95.

CarMax (NYSE:KMXGet Free Report) last announced its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. The business had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The company’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.16 EPS. On average, research analysts predict that CarMax, Inc. will post 3.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Diane L. Cafritz sold 15,356 shares of the business’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the transaction, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Wedbush reissued an “outperform” rating and issued a $90.00 target price on shares of CarMax in a research report on Tuesday, June 18th. Mizuho lowered their price target on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. JPMorgan Chase & Co. lowered their price target on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Bank of America boosted their price target on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a report on Thursday, February 29th. Finally, Needham & Company LLC lowered their target price on shares of CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $75.50.

Read Our Latest Stock Analysis on KMX

CarMax Profile

(Free Report)

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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