Norinchukin Bank The trimmed its stake in CarMax Inc (NYSE:KMX) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,486 shares of the company’s stock after selling 1,297 shares during the period. Norinchukin Bank The’s holdings in CarMax were worth $3,145,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. Korea Investment CORP raised its position in shares of 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 acquiring an additional 1,033 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of CarMax in the 2nd quarter worth $112,000. Seven Eight Capital LP bought a new position in shares of CarMax in the 2nd quarter worth $133,000. QS Investors LLC raised its position in shares of CarMax by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after acquiring an additional 22 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC raised its position in shares of CarMax by 1.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after acquiring an additional 29 shares in the last quarter.

Several research analysts have recently commented on the company. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $83.00 price target for the company in a research report on Tuesday, September 26th. Wedbush reissued an “outperform” rating and issued a $77.00 price target (up from $73.00) on shares of CarMax in a research report on Wednesday, September 13th. Buckingham Research upped their target price on CarMax from $66.00 to $75.00 and gave the company a “neutral” rating in a research report on Monday, September 25th. Credit Suisse Group upped their target price on CarMax from $75.00 to $83.00 and gave the company an “outperform” rating in a research report on Friday, September 29th. Finally, Oppenheimer Holdings, Inc. lowered CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 target price on the stock. in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. CarMax presently has an average rating of “Hold” and a consensus target price of $77.00.

In other news, COO William C. Jr. Wood sold 201,701 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $73.56, for a total value of $14,837,125.56. Following the transaction, the chief operating officer now directly owns 146,717 shares of the company’s stock, valued at $10,792,502.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William D. Nash sold 100,522 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $73.85, for a total value of $7,423,549.70. Following the completion of the transaction, the chief executive officer now directly owns 62,902 shares in the company, valued at $4,645,312.70. The disclosure for this sale can be found here. Insiders sold 617,955 shares of company stock worth $45,664,618 over the last three months. Corporate insiders own 1.70% of the company’s stock.

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Shares of CarMax Inc (NYSE:KMX) traded down $0.76 during trading hours on Friday, reaching $67.99. The company had a trading volume of 4,742,300 shares, compared to its average volume of 2,220,788. CarMax Inc has a 12 month low of $54.29 and a 12 month high of $77.64. The firm has a market cap of $12,396.62, a price-to-earnings ratio of 18.68, a P/E/G ratio of 1.14 and a beta of 1.52. The company has a quick ratio of 0.48, a current ratio of 2.33 and a debt-to-equity ratio of 3.82.

CarMax (NYSE:KMX) last announced its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same period in the prior year, the company posted $0.88 EPS. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. equities analysts predict that CarMax Inc will post 3.84 earnings per share for the current fiscal year.

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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