Wedge Capital Management L L P NC Has $11.03 Million Position in CarMax, Inc. (NYSE:KMX)

Wedge Capital Management L L P NC lessened its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 14.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 142,581 shares of the company's stock after selling 23,182 shares during the quarter. Wedge Capital Management L L P NC owned about 0.09% of CarMax worth $11,033,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KMX. V Square Quantitative Management LLC boosted its position in CarMax by 18.9% during the 4th quarter. V Square Quantitative Management LLC now owns 4,104 shares of the company's stock worth $315,000 after acquiring an additional 651 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of CarMax by 3.0% in the fourth quarter. Chicago Partners Investment Group LLC now owns 6,010 shares of the company's stock valued at $461,000 after buying an additional 174 shares during the period. Vanguard Group Inc. lifted its holdings in shares of CarMax by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company's stock valued at $1,387,222,000 after buying an additional 222,132 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of CarMax in the fourth quarter valued at $5,637,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of CarMax in the first quarter valued at $12,746,000.

Wall Street Analyst Weigh In

KMX has been the subject of several research analyst reports. Morgan Stanley restated an "overweight" rating and issued a $80.00 price objective on shares of CarMax in a report on Friday, June 21st. Mizuho cut 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. Truist Financial upped their price objective on CarMax from $70.00 to $75.00 and gave the company a "hold" rating in a report on Monday, September 23rd. StockNews.com upgraded CarMax to a "sell" rating in a report on Friday, July 26th. Finally, BNP Paribas raised shares of CarMax to a "strong sell" rating in a research report on Friday, September 27th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, CarMax presently has a consensus rating of "Hold" and an average price target of $79.45.

Insider Activity

In related news, COO Charles Joseph Wilson sold 10,021 shares of CarMax stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the sale, the chief operating officer now owns 15,609 shares of the company's stock, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, COO Charles Joseph Wilson sold 10,021 shares of the business's stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the firm's stock in a transaction on Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares in the company, valued at $965,567.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Up 0.9 %

KMX stock traded up $0.63 during midday trading on Tuesday, reaching $73.67. The company had a trading volume of 1,923,027 shares, compared to its average volume of 1,946,552. The company has a 50 day moving average of $78.03 and a two-hundred day moving average of $75.39. The company has a market capitalization of $11.50 billion, a P/E ratio of 28.78, a PEG ratio of 1.46 and a beta of 1.68. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings results on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company had revenue of $7.01 billion for the quarter, compared to analysts' expectations of $6.83 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The company's revenue was down .9% on a year-over-year basis. On average, equities research analysts expect that CarMax, Inc. will post 2.97 earnings per share for the current fiscal year.

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.