Pettyjohn Wood & White Inc. lessened its stake in CarMax Inc (NYSE:KMX) by 7.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,915 shares of the company’s stock after selling 1,875 shares during the period. Pettyjohn Wood & White Inc.’s holdings in CarMax were worth $1,445,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Korea Investment CORP grew its position in CarMax by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after purchasing an additional 1,033 shares during the period. State of Alaska Department of Revenue bought a new stake in CarMax in the 2nd quarter worth approximately $112,000. Seven Eight Capital LP bought a new stake in CarMax in the 2nd quarter worth approximately $133,000. Global X Management Co. LLC grew its position in CarMax by 7.3% in the 1st quarter. Global X Management Co. LLC now owns 2,497 shares of the company’s stock worth $148,000 after purchasing an additional 169 shares during the period. Finally, MML Investors Services LLC bought a new stake in CarMax in the 2nd quarter worth approximately $201,000.

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In related news, EVP Eric M. Margolin sold 18,659 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 47,163 shares of the company’s stock, valued at $3,021,261.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Edwin J. Hill sold 35,000 shares of the firm’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $64.88, for a total transaction of $2,270,800.00. Following 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 disclosure for this sale can be found here. In the last three months, insiders have sold 154,515 shares of company stock valued at $10,108,759. 1.70% of the stock is currently owned by corporate insiders.

Shares of CarMax Inc (NYSE KMX) traded up 7.77% during midday trading on Friday, hitting $74.19. 8,937,488 shares of the stock were exchanged. The firm’s 50-day moving average is $66.11 and its 200-day moving average is $62.70. CarMax Inc has a 12 month low of $47.50 and a 12 month high of $74.60. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 21.31 and a beta of 1.32. CarMax also was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 12,002 put options on the stock. This is an increase of approximately 820% compared to the typical volume of 1,305 put options.

CarMax (NYSE:KMX) last issued its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.03. CarMax had a net margin of 4.07% and a return on equity of 21.72%. The firm had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter last year, the company posted $0.88 earnings per share. The firm’s revenue was up 9.7% compared to the same quarter last year. Equities research analysts predict that CarMax Inc will post $3.72 earnings per share for the current year.

A number of research firms have commented on KMX. UBS AG downgraded shares of CarMax from a “positive” rating to a “neutral” rating in a research report on Thursday, June 22nd. CIBC lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday. Oppenheimer Holdings, Inc. lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock an “outperform” rating in a research report on Tuesday. ValuEngine downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Finally, Zacks Investment Research downgraded shares of CarMax from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One investment 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $72.25.

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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