BB&T Corp cut its position in shares of CarMax Inc. (NYSE:KMX) by 4.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 15,862 shares of the company’s stock after selling 818 shares during the period. BB&T Corp’s holdings in CarMax were worth $847,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of KMX. Mizuho Asset Management Co. Ltd. boosted its stake in shares of CarMax by 91.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,086 shares of the company’s stock worth $151,000 after buying an additional 1,472 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of CarMax by 16.0% in the second quarter. IFP Advisors Inc now owns 3,272 shares of the company’s stock worth $160,000 after buying an additional 452 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of CarMax by 5.4% in the second quarter. Pacer Advisors Inc. now owns 3,453 shares of the company’s stock worth $169,000 after buying an additional 176 shares during the last quarter. MAI Capital Management acquired a new stake in shares of CarMax during the third quarter worth approximately $206,000. Finally, Sii Investments Inc. WI acquired a new stake in shares of CarMax during the second quarter worth approximately $208,000.
Shares of CarMax Inc. (NYSE:KMX) traded down 0.03% on Friday, hitting $58.38. 455,528 shares of the stock traded hands. CarMax Inc. has a one year low of $41.25 and a one year high of $60.81. The company’s 50 day moving average is $52.47 and its 200 day moving average is $53.88. The stock has a market cap of $11.11 billion, a price-to-earnings ratio of 18.98 and a beta of 1.24.
CarMax (NYSE:KMX) last released its earnings results on Wednesday, September 21st. The company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $4 billion for the quarter, compared to analyst estimates of $4.11 billion. CarMax had a return on equity of 20.92% and a net margin of 3.95%. CarMax’s revenue was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.79 earnings per share. On average, equities analysts forecast that CarMax Inc. will post $3.27 EPS for the current year.
A number of brokerages recently commented on KMX. Deutsche Bank AG increased their price objective on shares of CarMax from $65.00 to $66.00 and gave the company a “hold” rating in a research note on Thursday, September 22nd. Wedbush reissued a “neutral” rating and issued a $55.00 price objective on shares of CarMax in a research note on Wednesday, November 16th. Robert W. Baird increased their price objective on shares of CarMax from $58.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, September 7th. Oppenheimer Holdings Inc. reissued an “outperform” rating on shares of CarMax in a research note on Sunday, October 16th. Finally, Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Thursday, October 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $62.16.
In related news, Director Jeffrey E. Garten sold 6,300 shares of CarMax stock in a transaction dated Monday, September 26th. The stock was sold at an average price of $53.41, for a total transaction of $336,483.00. Following the transaction, the director now directly owns 21,552 shares of the company’s stock, valued at $1,151,092.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.70% of the company’s stock.
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.