Rhumbline Advisers Cuts Stock Holdings in CarMax, Inc. (NYSE:KMX)

Rhumbline Advisers decreased its position in CarMax, Inc. (NYSE:KMX - Free Report) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 301,938 shares of the company's stock after selling 19,469 shares during the quarter. Rhumbline Advisers owned about 0.19% of CarMax worth $22,144,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Gilbert & Cook Inc. raised its holdings in shares of CarMax by 5.7% during the fourth quarter. Gilbert & Cook Inc. now owns 8,011 shares of the company's stock valued at $615,000 after acquiring an additional 431 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of CarMax by 64.4% in the fourth quarter. Victory Capital Management Inc. now owns 52,901 shares of the company's stock valued at $4,060,000 after purchasing an additional 20,718 shares in the last quarter. Spire Wealth Management boosted its position in shares of CarMax by 8.3% in the fourth quarter. Spire Wealth Management now owns 1,908 shares of the company's stock worth $146,000 after buying an additional 147 shares during the period. Private Advisor Group LLC boosted its position in shares of CarMax by 27.8% in the fourth quarter. Private Advisor Group LLC now owns 11,483 shares of the company's stock worth $881,000 after buying an additional 2,497 shares during the period. Finally, Apollon Wealth Management LLC boosted its position in shares of CarMax by 24.3% in the fourth quarter. Apollon Wealth Management LLC now owns 5,973 shares of the company's stock worth $458,000 after buying an additional 1,169 shares during the period.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KMX shares. StockNews.com raised shares of CarMax to a "sell" rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their price target on shares of CarMax from $73.00 to $75.00 and gave the company an "outperform" rating in a report on Monday, June 24th. Wedbush reaffirmed an "outperform" rating and issued a $95.00 price target on shares of CarMax in a research note on Friday, August 16th. Morgan Stanley reissued an "overweight" rating and set a $80.00 price objective on shares of CarMax in a research report on Friday, June 21st. Finally, Argus raised shares of CarMax to a "hold" rating in a research report on Tuesday, June 25th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $76.25.

CarMax Stock Up 1.5 %

Shares of KMX traded up $1.23 on Monday, reaching $80.61. The company's stock had a trading volume of 1,468,924 shares, compared to its average volume of 1,895,934. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The stock has a market capitalization of $12.58 billion, a PE ratio of 31.49, a PEG ratio of 1.62 and a beta of 1.69. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The firm has a fifty day moving average of $79.60 and a 200-day moving average of $76.42.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. The company 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 firm's quarterly revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.16 EPS. Equities analysts predict that CarMax, Inc. will post 2.99 EPS for the current year.

Insider Transactions at CarMax

In related news, SVP Jon G. Daniels sold 1,231 shares of the company's stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the sale, the senior vice president now directly owns 995 shares in the company, valued at approximately $72,097.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at $14,465,600.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the sale, the senior vice president now owns 995 shares of the company's stock, valued at approximately $72,097.70. The disclosure for this sale can be found here. In the last three months, insiders sold 185,243 shares of company stock worth $14,893,042. 1.66% of the stock is currently owned by corporate insiders.

CarMax Company Profile

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.