Pineno Levin & Ford Asset Management Inc. held its stake in shares of CarMax Inc (NYSE:KMX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,025 shares of the company’s stock at the end of the second quarter. Pineno Levin & Ford Asset Management Inc.’s holdings in CarMax were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of CarMax by 1.4% in the first quarter. Vanguard Group Inc. now owns 17,805,146 shares of the company’s stock valued at $1,054,422,000 after buying an additional 247,809 shares in the last quarter. BlackRock Inc. increased its stake in shares of CarMax by 3,199.4% in the first quarter. BlackRock Inc. now owns 11,088,633 shares of the company’s stock valued at $656,668,000 after buying an additional 10,752,554 shares in the last quarter. Broad Run Investment Management LLC increased its stake in shares of CarMax by 2.9% in the first quarter. Broad Run Investment Management LLC now owns 3,347,395 shares of the company’s stock valued at $198,233,000 after buying an additional 93,933 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of CarMax by 7.9% in the first quarter. Geode Capital Management LLC now owns 1,767,668 shares of the company’s stock valued at $104,528,000 after buying an additional 128,732 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of CarMax by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,160,141 shares of the company’s stock valued at $68,707,000 after buying an additional 50,441 shares in the last quarter.

CarMax Inc (NYSE:KMX) opened at 65.83 on Tuesday. The stock has a 50 day moving average of $63.73 and a 200 day moving average of $62.81. CarMax Inc has a 52 week low of $47.50 and a 52 week high of $69.11. The firm has a market cap of $12.06 billion, a PE ratio of 18.91 and a beta of 1.34.

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

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KMX has been the topic of several recent research reports. Zacks Investment Research upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. ValuEngine downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Wedbush upgraded shares of CarMax from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $60.00 to $70.00 in a research report on Thursday, May 18th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $70.00 price objective (up from $66.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, Royal Bank Of Canada reiterated a “market perform” rating and issued a $63.00 price objective (down from $71.00) on shares of CarMax in a research report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. CarMax presently has an average rating of “Buy” and a consensus price target of $69.00.

In other CarMax news, CFO Thomas W. Reedy, Jr. sold 8,583 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $66.87, for a total transaction of $573,945.21. Following the transaction, the chief financial officer now directly owns 70,522 shares in the company, valued at approximately $4,715,806.14. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Mohammad Shamim sold 13,938 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $66.08, for a total transaction of $921,023.04. Following the transaction, the senior vice president now owns 9,218 shares in the company, valued at $609,125.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 188,515 shares of company stock worth $12,085,019. Corporate insiders own 1.90% of the company’s stock.

About CarMax

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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