Nicholas Company Inc. decreased its holdings in shares of CarMax Inc (NYSE:KMX) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 128,535 shares of the company’s stock after selling 3,360 shares during the period. Nicholas Company Inc. owned about 0.07% of CarMax worth $8,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its position in shares of CarMax by 0.5% during the 2nd quarter. BlackRock Inc. now owns 11,142,473 shares of the company’s stock valued at $702,643,000 after acquiring an additional 53,840 shares during the period. Norinchukin Bank The grew its position in shares of CarMax by 16.0% during the 2nd quarter. Norinchukin Bank The now owns 42,783 shares of the company’s stock valued at $2,698,000 after acquiring an additional 5,904 shares during the period. TIAA CREF Investment Management LLC grew its position in shares of CarMax by 12.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,122,700 shares of the company’s stock valued at $133,857,000 after acquiring an additional 236,392 shares during the period. Teachers Advisors LLC grew its position in shares of CarMax by 2.1% during the 2nd quarter. Teachers Advisors LLC now owns 271,619 shares of the company’s stock valued at $17,128,000 after acquiring an additional 5,695 shares during the period. Finally, Seven Eight Capital LP bought a new stake in shares of CarMax during the 2nd quarter valued at $133,000.

CarMax Inc (NYSE:KMX) opened at 68.08 on Friday. The company’s 50 day moving average is $66.00 and its 200-day moving average is $62.68. The stock has a market cap of $12.48 billion, a PE ratio of 19.55 and a beta of 1.32. CarMax Inc has a 1-year low of $47.50 and a 1-year high of $69.92.

CarMax (NYSE:KMX) last released its quarterly earnings results on Wednesday, June 21st. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.15. The company had revenue of $4.54 billion for the quarter, compared to analyst estimates of $4.46 billion. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business earned $0.90 earnings per share. Equities research analysts forecast that CarMax Inc will post $3.72 earnings per share for the current fiscal year.

A number of equities research analysts have recently issued reports on KMX shares. Oppenheimer Holdings, Inc. set a $72.00 price objective on shares of CarMax and gave the company a “buy” rating in a research report on Monday, June 19th. Royal Bank Of Canada raised shares of CarMax from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from $63.00 to $69.00 in a research report on Thursday, June 22nd. UBS AG downgraded shares of CarMax from a “positive” rating to a “neutral” rating in a research report on Thursday, June 22nd. Susquehanna Bancshares Inc reissued a “neutral” rating and set a $70.00 price objective (up previously from $66.00) on shares of CarMax in a research report on Thursday, June 22nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $74.00 price objective (up previously from $72.00) on shares of CarMax in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. CarMax has an average rating of “Buy” and a consensus target price of $70.82.

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In other news, Director Thomas J. Folliard sold 50,000 shares of CarMax stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $61.41, for a total value of $3,070,500.00. Following the sale, the director now owns 509,166 shares in the company, valued at $31,267,884.06. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Thomas W. Reedy, Jr. sold 8,583 shares of CarMax 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 completion of the sale, the chief financial officer now owns 70,522 shares in the company, valued at approximately $4,715,806.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 188,515 shares of company stock worth $12,085,019. 1.70% of the stock is owned by company insiders.

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.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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