KCG Holdings Inc. cut its stake in shares of CarMax Inc (NYSE:KMX) by 76.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,483 shares of the company’s stock after selling 17,763 shares during the period. KCG Holdings Inc.’s holdings in CarMax were worth $325,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. First Bank & Trust increased its stake in shares of CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock valued at $123,000 after buying an additional 138 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of CarMax by 2.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,095 shares of the company’s stock valued at $124,000 after buying an additional 49 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of CarMax by 7.3% in the first quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock valued at $148,000 after buying an additional 169 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of CarMax by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,523 shares of the company’s stock valued at $209,000 after buying an additional 110 shares in the last quarter. Finally, Advisor Partners LLC increased its stake in shares of CarMax by 7.9% in the first quarter. Advisor Partners LLC now owns 3,609 shares of the company’s stock valued at $214,000 after buying an additional 263 shares in the last quarter.

CarMax Inc (NYSE:KMX) opened at 66.09 on Friday. The firm’s 50-day moving average is $62.71 and its 200-day moving average is $62.82. The company has a market cap of $12.11 billion, a price-to-earnings ratio of 18.98 and a beta of 1.34. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $69.11.

CarMax (NYSE:KMX) last issued its earnings results on Wednesday, June 21st. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.15. CarMax had a return on equity of 21.72% and a net margin of 4.07%. The business had revenue of $4.54 billion during the quarter, compared to analyst estimates of $4.46 billion. During the same quarter in the previous year, the firm earned $0.90 EPS. CarMax’s revenue was up 10.1% on a year-over-year basis. On average, analysts anticipate that CarMax Inc will post $3.70 EPS for the current fiscal year.

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Several analysts have recently commented on KMX shares. Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of CarMax in a report on Wednesday, April 5th. CIBC reiterated a “buy” rating on shares of CarMax in a report on Thursday, April 6th. Deutsche Bank AG lowered their target price on shares of CarMax from $73.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, April 6th. Susquehanna Bancshares Inc set a $70.00 target price on shares of CarMax and gave the company a “buy” rating in a report on Friday, April 7th. Finally, Credit Suisse Group set a $75.00 target price on shares of CarMax and gave the company a “buy” rating in a report on Monday, April 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $69.00.

In other news, EVP Eric M. Margolin sold 18,659 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $64.06, for a total transaction of $1,195,295.54. Following the completion of the sale, the executive vice president now owns 47,163 shares of the company’s stock, valued at approximately $3,021,261.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 50,000 shares of the company’s stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $61.41, for a total transaction of $3,070,500.00. Following the sale, the director now directly owns 509,166 shares of the company’s stock, valued at approximately $31,267,884.06. The disclosure for this sale can be found here. Insiders have sold a total of 130,497 shares of company stock valued at $8,258,253 in the last ninety days. Insiders own 1.70% of the company’s stock.

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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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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