CarMax Inc. (KMX) Shares Bought by Green Square Capital LLC
Green Square Capital LLC increased its position in CarMax Inc. (NYSE:KMX) by 33.6% during the second quarter, Holdings Channel reports. The firm owned 9,550 shares of the company’s stock after buying an additional 2,400 shares during the period. Green Square Capital LLC’s holdings in CarMax were worth $468,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of KMX. Primecap Management Co. CA raised its stake in shares of CarMax by 40.2% in the first quarter. Primecap Management Co. CA now owns 19,079,632 shares of the company’s stock worth $974,969,000 after buying an additional 5,466,105 shares during the period. Ruane Cunniff & Goldfarb Inc. bought a new stake in shares of CarMax during the second quarter worth about $304,761,000. Wellington Management Group LLP raised its stake in shares of CarMax by 6.1% in the first quarter. Wellington Management Group LLP now owns 3,625,082 shares of the company’s stock worth $185,242,000 after buying an additional 206,898 shares during the period. Abrams Bison Investments LLC raised its stake in shares of CarMax by 31.6% in the first quarter. Abrams Bison Investments LLC now owns 2,858,787 shares of the company’s stock worth $146,084,000 after buying an additional 686,131 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in shares of CarMax by 2.2% in the first quarter. TIAA CREF Investment Management LLC now owns 2,727,267 shares of the company’s stock worth $139,363,000 after buying an additional 58,542 shares during the period.
Shares of CarMax Inc. (NYSE:KMX) traded down 0.49% during midday trading on Thursday, reaching $54.35. 2,636,407 shares of the company’s stock traded hands. The firm has a market capitalization of $10.41 billion, a P/E ratio of 17.76 and a beta of 1.46. The stock’s 50 day moving average price is $58.27 and its 200 day moving average price is $53.57. CarMax Inc. has a 52-week low of $41.25 and a 52-week high of $60.81.
CarMax (NYSE:KMX) last issued its earnings results on Wednesday, September 21st. The company reported $0.88 EPS for the quarter, meeting analysts’ consensus estimates of $0.88. The business earned $4 billion during the quarter, compared to analyst estimates of $4.11 billion. CarMax had a return on equity of 20.54% and a net margin of 4.04%. CarMax’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. On average, equities research analysts anticipate that CarMax Inc. will post $3.28 EPS for the current fiscal year.
KMX has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, September 13th. Vetr downgraded shares of CarMax from a “buy” rating to a “hold” rating and set a $57.52 price objective for the company. in a report on Monday, September 12th. Wedbush reaffirmed a “hold” rating and issued a $44.00 price objective on shares of CarMax in a report on Thursday, June 16th. Goldman Sachs Group Inc. set a $63.00 price objective on shares of CarMax and gave the stock a “buy” rating in a report on Monday. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $58.00 price objective (down previously from $60.00) on shares of CarMax in a report on Wednesday, June 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $62.39.
In related news, EVP Eric M. Margolin sold 12,639 shares of the company’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $60.21, for a total value of $760,994.19. Following the completion of the transaction, the executive vice president now directly owns 38,303 shares in the company, valued at $2,306,223.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric M. Margolin sold 2,000 shares of the company’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $50.75, for a total value of $101,500.00. Following the completion of the transaction, the executive vice president now owns 34,303 shares of the company’s stock, valued at $1,740,877.25. The disclosure for this sale can be found here. 1.70% of the stock is owned by corporate insiders.
CarMax Company Profile
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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