Apertura Capital LLC Purchases Shares of 50,000 CarMax Inc (KMX)

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.

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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.

About CarMax

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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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