Apertura Capital LLC purchased a new position in CarMax Inc (NYSE:KMX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 50,000 shares of the company’s stock, valued at approximately $3,791,000. CarMax makes up about 0.7% of Apertura Capital LLC’s investment portfolio, making the stock its 20th largest holding.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in CarMax by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 18,185,184 shares of the company’s stock worth $1,146,758,000 after purchasing an additional 380,038 shares in the last quarter. BlackRock Inc. raised its holdings in shares of CarMax by 0.5% during the 2nd quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock worth $702,643,000 after acquiring an additional 53,840 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of CarMax by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 9,319,193 shares of the company’s stock worth $706,487,000 after acquiring an additional 142,175 shares in the last quarter. Broad Run Investment Management LLC raised its holdings in shares of CarMax by 0.9% during the 2nd quarter. Broad Run Investment Management LLC now owns 3,377,241 shares of the company’s stock worth $212,969,000 after acquiring an additional 29,846 shares in the last quarter. Finally, Nordea Investment Management AB raised its holdings in shares of CarMax by 751.0% during the 2nd quarter. Nordea Investment Management AB now owns 2,148,186 shares of the company’s stock worth $135,465,000 after acquiring an additional 1,895,763 shares in the last quarter.
CarMax Inc (NYSE:KMX) traded down $0.17 during midday trading on Friday, hitting $70.55. The stock had a trading volume of 1,643,100 shares, compared to its average volume of 2,203,996. The company has a market cap of $12,700.00, a P/E ratio of 19.43, a P/E/G ratio of 1.19 and a beta of 1.52. The company has a current ratio of 2.33, a quick ratio of 0.48 and a debt-to-equity ratio of 3.82. CarMax Inc has a 52-week low of $54.17 and a 52-week high of $77.64.
CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.03. The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. CarMax’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.88 EPS. research analysts expect that CarMax Inc will post 3.84 EPS for the current fiscal year.
In other CarMax news, CEO William D. Nash sold 100,522 shares of the company’s stock in a transaction on Tuesday, September 26th. The stock was sold at an average price of $73.85, for a total value of $7,423,549.70. Following the transaction, the chief executive officer now owns 62,902 shares of the company’s stock, valued at approximately $4,645,312.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas J. Folliard sold 16,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $68.39, for a total value of $1,094,240.00. Following the completion of the transaction, the director now directly owns 495,572 shares in the company, valued at approximately $33,892,169.08. The disclosure for this sale can be found here. Insiders sold a total of 617,955 shares of company stock worth $45,664,618 in the last ninety days. 1.70% of the stock is currently owned by corporate insiders.
Several brokerages have recently issued reports on KMX. Deutsche Bank AG cut CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective on the stock. in a report on Friday. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a report on Tuesday, September 26th. Wedbush reaffirmed an “outperform” rating and set a $77.00 price objective (up from $73.00) on shares of CarMax in a report on Wednesday, September 13th. Buckingham Research upped their price objective on CarMax from $66.00 to $75.00 and gave the stock a “neutral” rating in a report on Monday, September 25th. Finally, Credit Suisse Group upped their price objective on CarMax from $75.00 to $83.00 and gave the stock an “outperform” rating in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $77.40.
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.
Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax Inc (NYSE:KMX).
Receive News & Ratings for CarMax Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax Inc and related companies with MarketBeat.com's FREE daily email newsletter.