CarMax Inc. (NYSE:KMX) was up 3.5% during mid-day trading on Thursday . The company traded as high as $58.72 and last traded at $57.99, with a volume of 3,095,871 shares trading hands. The stock had previously closed at $56.04.

A number of equities research analysts have recently issued reports on KMX shares. Sterne Agee CRT downgraded shares of CarMax from a “buy” rating to a “neutral” rating and set a $62.59 price target on the stock. in a research note on Monday, March 28th. Zacks Investment Research raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Monday, April 4th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of CarMax in a research note on Tuesday, May 10th. TheStreet raised shares of CarMax from a “hold” rating to a “buy” rating in a research note on Friday, April 15th. Finally, Morgan Stanley reduced their price target on shares of CarMax from $56.00 to $52.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 29th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $60.74.

The stock’s 50-day moving average is $50.84 and its 200 day moving average is $49.69. The company has a market capitalization of $11.02 billion and a price-to-earnings ratio of 18.81.

CarMax (NYSE:KMX) last released its earnings results on Tuesday, June 21st. The company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.02. During the same period in the previous year, the firm earned $0.86 EPS. The company had revenue of $4.13 billion for the quarter. CarMax’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts expect that CarMax Inc. will post $3.27 earnings per share for the current year.

In other CarMax news, CEO Thomas J. Folliard sold 221,827 shares of CarMax stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $55.48, for a total transaction of $12,306,961.96. Following the transaction, the chief executive officer now directly owns 758,517 shares of the company’s stock, valued at $42,082,523.16. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Edgar H. Grubb sold 2,000 shares of CarMax stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $55.49, for a total transaction of $110,980.00. Following the transaction, the director now directly owns 35,408 shares in the company, valued at $1,964,789.92. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have made changes to their positions in the company. Nicholas Co. Inc. WI boosted its position in shares of CarMax by 2.3% in the fourth quarter. Nicholas Co. Inc. WI now owns 204,565 shares of the company’s stock worth $11,040,000 after buying an additional 4,520 shares during the period. ProShare Advisors LLC boosted its position in shares of CarMax by 3.5% in the fourth quarter. ProShare Advisors LLC now owns 29,538 shares of the company’s stock worth $1,594,000 after buying an additional 1,007 shares during the period. Employees Retirement System of Texas boosted its position in shares of CarMax by 350.6% in the fourth quarter. Employees Retirement System of Texas now owns 146,000 shares of the company’s stock worth $7,880,000 after buying an additional 113,600 shares during the period. Mizuho Trust & Banking Co. Ltd. boosted its position in shares of CarMax by 2.6% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 332,369 shares of the company’s stock worth $18,134,000 after buying an additional 8,539 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of CarMax by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 17,094,317 shares of the company’s stock worth $922,581,000 after buying an additional 55,915 shares during the period.

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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