WINTON GROUP Ltd Has $589,000 Stake in CarMax, Inc. (NYSE:KMX)

WINTON GROUP Ltd trimmed its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 45.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,032 shares of the company's stock after selling 6,798 shares during the quarter. WINTON GROUP Ltd's holdings in CarMax were worth $589,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. First Community Trust NA acquired a new position in shares of CarMax during the second quarter valued at about $29,000. Blue Trust Inc. raised its holdings in CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock valued at $37,000 after acquiring an additional 287 shares in the last quarter. Studio Investment Management LLC raised its holdings in CarMax by 176.7% in the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company's stock valued at $38,000 after acquiring an additional 334 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of CarMax in the 1st quarter worth approximately $55,000. Finally, First Financial Corp IN grew its holdings in shares of CarMax by 127.2% during the 1st quarter. First Financial Corp IN now owns 1,045 shares of the company's stock worth $91,000 after purchasing an additional 585 shares in the last quarter.

Analyst Ratings Changes

KMX has been the topic of several recent research reports. Royal Bank of Canada lifted their target price on shares of CarMax from $73.00 to $75.00 and gave the company an "outperform" rating in a research report on Monday, June 24th. Argus upgraded CarMax to a "hold" rating in a research report on Tuesday, June 25th. Mizuho dropped their price objective on CarMax from $75.00 to $72.00 and set a "neutral" rating for the company in a research note on Tuesday, June 18th. Oppenheimer reiterated an "outperform" rating and set a $105.00 target price on shares of CarMax in a research report on Monday, June 24th. Finally, StockNews.com raised shares of CarMax to a "sell" rating in a research note on Friday, July 26th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $76.25.

Insider Activity at CarMax

In other CarMax news, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the sale, the chief executive officer now owns 181,683 shares of the company's stock, valued at approximately $14,465,600.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total value of $777,680.28. Following the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,690,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William D. Nash sold 120,000 shares of the business's stock in a transaction that occurred on Thursday, July 11th. The shares were 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 owns 181,683 shares of the company's stock, valued at approximately $14,465,600.46. The disclosure for this sale can be found here. Insiders have sold 185,243 shares of company stock worth $14,893,042 over the last ninety days. Company insiders own 1.66% of the company's stock.

CarMax Trading Down 2.7 %

Shares of NYSE KMX traded down $2.18 during midday trading on Wednesday, hitting $77.21. The stock had a trading volume of 2,546,805 shares, compared to its average volume of 1,896,080. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The firm has a market cap of $12.05 billion, a P/E ratio of 30.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. The company's 50-day simple moving average is $80.40 and its 200 day simple moving average is $76.53.

CarMax (NYSE:KMX - Get Free Report) last released its earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The company had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the prior year, the company posted $1.16 EPS. The company's revenue was down 7.5% compared to the same quarter last year. Research analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current year.

CarMax 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.