CarMax Inc. (NYSE:KMX) shares traded 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 changing hands. The stock had previously closed at $56.04.

A number of research analysts have issued reports on the stock. Royal Bank Of Canada increased their target price on shares of CarMax from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Friday, April 8th. Oppenheimer Holdings Inc. reaffirmed a “buy” rating on shares of CarMax in a report on Saturday, April 30th. Wedbush reaffirmed a “neutral” rating and issued a $44.00 target price on shares of CarMax in a report on Wednesday. Buckingham Research reaffirmed a “buy” rating and issued a $60.00 target price on shares of CarMax in a report on Tuesday, June 21st. Finally, TheStreet raised shares of CarMax from a “hold” rating to a “buy” rating in a report on Friday, April 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $60.74.

The firm’s 50-day moving average price is $51.17 and its 200 day moving average price is $49.78. The company has a market cap of $11.10 billion and a P/E ratio of 18.94.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Tuesday, June 21st. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by $0.02. During the same period last year, the company posted $0.86 earnings per share. The firm had revenue of $4.13 billion for the quarter. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts expect that CarMax Inc. will post $3.27 earnings per share for the current year.

In related news, Director Edgar H. Grubb sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 26th. The shares were sold at an average price of $55.49, for a total value of $110,980.00. Following the sale, the director now directly owns 35,408 shares in the company, valued at approximately $1,964,789.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Thomas J. Folliard sold 271,435 shares of the business’s stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $55.39, for a total transaction of $15,034,784.65. Following the completion of the sale, the chief executive officer now owns 758,517 shares in the company, valued at $42,014,256.63. The disclosure for this sale can be found here.

Several hedge funds have added to or reduced their stakes in KMX. ProShare Advisors LLC increased its stake in 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 last quarter. New York State Common Retirement Fund increased its stake in CarMax by 1.5% in the fourth quarter. New York State Common Retirement Fund now owns 558,272 shares of the company’s stock worth $30,130,000 after buying an additional 8,272 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in CarMax by 30.8% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 62,400 shares of the company’s stock worth $3,368,000 after buying an additional 14,700 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 last quarter. Finally, Mizuho Trust & Banking Co. Ltd. increased its stake in 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 last quarter.

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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