Blair William & Co. IL Sells 168,091 Shares of CarMax, Inc. (NYSE:KMX)

Blair William & Co. IL cut its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 21.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 618,937 shares of the company's stock after selling 168,091 shares during the quarter. Blair William & Co. IL owned about 0.40% of CarMax worth $45,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KMX. Norges Bank purchased a new position in shares of CarMax during the fourth quarter worth about $288,278,000. Morningstar Investment Services LLC lifted its position in CarMax by 95.4% during the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company's stock valued at $211,516,000 after purchasing an additional 1,326,840 shares during the last quarter. DAVENPORT & Co LLC grew its stake in CarMax by 1,327.3% in the 1st quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company's stock worth $89,070,000 after buying an additional 951,558 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of CarMax by 3,094.0% in the 1st quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company's stock worth $51,949,000 after buying an additional 577,685 shares during the last quarter. Finally, Verition Fund Management LLC raised its position in shares of CarMax by 5,711.9% during the 4th quarter. Verition Fund Management LLC now owns 427,176 shares of the company's stock valued at $32,781,000 after buying an additional 419,826 shares in the last quarter.

Insider Buying and Selling at CarMax

In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at $72,097.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the firm's stock in a transaction dated 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 SEC, which can be accessed through the SEC website. Also, CEO William D. Nash sold 120,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 181,683 shares of the company's stock, valued at $14,465,600.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,243 shares of company stock valued at $14,893,042. Corporate insiders own 1.66% of the company's stock.

CarMax Stock Up 0.2 %

KMX stock traded up $0.18 during midday trading on Thursday, hitting $77.39. The stock had a trading volume of 2,873,474 shares, compared to its average volume of 1,902,066. The business has a 50-day moving average of $80.41 and a two-hundred day moving average of $76.54. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. The firm has a market cap of $12.08 billion, a price-to-earnings ratio of 30.23, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22.

CarMax (NYSE:KMX - Get Free Report) last released its earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping 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 firm 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 firm earned $1.16 EPS. The company's revenue was down 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of CarMax to a "sell" rating in a research report on Friday, July 26th. Oppenheimer reissued an "outperform" rating and set a $105.00 price target on shares of CarMax in a research report on Monday, June 24th. Argus upgraded shares of CarMax to a "hold" rating in a report on Tuesday, June 25th. Morgan Stanley restated an "overweight" rating and set a $80.00 price target on shares of CarMax in a report on Friday, June 21st. Finally, Mizuho dropped their price objective on CarMax from $75.00 to $72.00 and set a "neutral" rating for the company in a report on Tuesday, June 18th. Three investment 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $77.08.

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.