Great West Life Assurance Co. Can reduced its position in CarMax Inc (NYSE:KMX) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,387 shares of the company’s stock after selling 7,577 shares during the period. Great West Life Assurance Co. Can’s holdings in CarMax were worth $8,907,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of CarMax by 8.5% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 15,263 shares of the company’s stock worth $903,000 after buying an additional 1,201 shares in the last quarter. First Bank & Trust raised its position in shares of CarMax by 7.1% in the first quarter. First Bank & Trust now owns 2,077 shares of the company’s stock worth $123,000 after buying an additional 138 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of CarMax by 42.2% in the first quarter. Russell Investments Group Ltd. now owns 869,717 shares of the company’s stock worth $51,505,000 after buying an additional 258,213 shares in the last quarter. Glen Harbor Capital Management LLC raised its position in shares of CarMax by 1.2% in the first quarter. Glen Harbor Capital Management LLC now owns 9,156 shares of the company’s stock worth $542,000 after buying an additional 112 shares in the last quarter. Finally, Howard Hughes Medical Institute raised its position in shares of CarMax by 8.3% in the first quarter. Howard Hughes Medical Institute now owns 47,779 shares of the company’s stock worth $2,829,000 after buying an additional 3,648 shares in the last quarter.

Shares of CarMax Inc (NYSE KMX) opened at 64.42 on Friday. The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 18.50 and a beta of 1.34. The stock has a 50 day moving average of $64.65 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.

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

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A number of equities analysts have commented on the stock. ValuEngine lowered shares of CarMax from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Zacks Investment Research lowered shares of CarMax from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded shares of CarMax from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Wedbush set a $73.00 price objective on shares of CarMax and gave the stock a “buy” rating in a report on Tuesday, July 11th. Finally, CIBC reiterated a “buy” rating on shares of CarMax in a 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 given a buy rating and one has given a strong buy rating to the company’s stock. CarMax presently has a consensus rating of “Buy” and a consensus target price of $69.00.

In other news, EVP Edwin J. Hill sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following the completion of the transaction, the executive vice president now directly owns 39,792 shares of the company’s stock, valued at approximately $2,581,704.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mohammad Shamim sold 13,938 shares of the firm’s stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $66.08, for a total transaction of $921,023.04. Following the transaction, the senior vice president now directly owns 9,218 shares of the company’s stock, valued at $609,125.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 188,515 shares of company stock valued at $12,085,019. Insiders own 1.70% 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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