Stifel Financial Corp Has $4.13 Million Holdings in CarMax, Inc (KMX)

Stifel Financial Corp raised its stake in CarMax, Inc (NYSE:KMX) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,631 shares of the company’s stock after purchasing an additional 1,917 shares during the quarter. Stifel Financial Corp’s holdings in CarMax were worth $4,130,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Russell Investments Group Ltd. grew its stake in CarMax by 3.1% in the first quarter. Russell Investments Group Ltd. now owns 1,032,362 shares of the company’s stock valued at $63,931,000 after purchasing an additional 31,089 shares in the last quarter. Fortis Advisors LLC grew its stake in CarMax by 50.0% in the first quarter. Fortis Advisors LLC now owns 3,000 shares of the company’s stock valued at $186,000 after purchasing an additional 1,000 shares in the last quarter. Giverny Capital Inc. grew its stake in CarMax by 5.7% in the first quarter. Giverny Capital Inc. now owns 1,091,588 shares of the company’s stock valued at $67,613,000 after purchasing an additional 58,738 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in CarMax by 7.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,282,622 shares of the company’s stock valued at $79,446,000 after purchasing an additional 86,519 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in CarMax by 1.3% in the first quarter. California Public Employees Retirement System now owns 454,533 shares of the company’s stock valued at $28,154,000 after purchasing an additional 5,708 shares in the last quarter.

In related news, Director Thomas J. Folliard sold 50,583 shares of CarMax stock in a transaction that occurred on Thursday, April 12th. The stock was sold at an average price of $60.78, for a total transaction of $3,074,434.74. Following the completion of the sale, the director now directly owns 379,465 shares of the company’s stock, valued at approximately $23,063,882.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO William C. Jr. Wood sold 49,714 shares of CarMax stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $63.01, for a total value of $3,132,479.14. Following the sale, the chief operating officer now directly owns 87,173 shares of the company’s stock, valued at $5,492,770.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 120,297 shares of company stock valued at $7,483,514. 1.97% of the stock is currently owned by insiders.



NYSE:KMX opened at $72.39 on Friday. The company has a market cap of $12.93 billion, a P/E ratio of 19.62, a PEG ratio of 1.14 and a beta of 1.56. The company has a quick ratio of 0.57, a current ratio of 2.61 and a debt-to-equity ratio of 3.84. CarMax, Inc has a 1-year low of $57.05 and a 1-year high of $77.64.

CarMax (NYSE:KMX) last released its quarterly earnings results on Wednesday, April 4th. The company reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.10). The firm had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.18 billion. CarMax had a return on equity of 21.09% and a net margin of 3.88%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.81 earnings per share. equities research analysts forecast that CarMax, Inc will post 4.39 earnings per share for the current year.

A number of analysts have recently issued reports on KMX shares. TheStreet cut CarMax from a “b-” rating to a “c+” rating in a research report on Thursday, February 22nd. Wedbush reaffirmed an “outperform” rating and issued a $61.94 price objective (down from $75.00) on shares of CarMax in a research report on Monday, April 2nd. Buckingham Research raised CarMax from a “neutral” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Thursday, April 5th. Bank of America cut their price objective on CarMax from $104.00 to $98.00 and set a “buy” rating for the company in a research report on Thursday, April 5th. Finally, Credit Suisse Group set a $78.00 price objective on CarMax and gave the company a “buy” rating in a research report on Tuesday, March 13th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. CarMax has an average rating of “Buy” and a consensus price target of $80.25.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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