Nomura Asset Management Co. Ltd. increased its position in shares of CarMax, Inc (NYSE:KMX) by 9.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,409 shares of the company’s stock after purchasing an additional 2,202 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in CarMax were worth $1,926,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. QS Investors LLC raised its holdings in CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after purchasing an additional 22 shares in the last quarter. YorkBridge Wealth Partners LLC raised its holdings in CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock worth $149,000 after purchasing an additional 29 shares in the last quarter. Thrivent Financial For Lutherans raised its holdings in CarMax by 2.3% during the second quarter. Thrivent Financial For Lutherans now owns 7,000 shares of the company’s stock worth $441,000 after purchasing an additional 160 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in CarMax by 2.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,878 shares of the company’s stock worth $560,000 after purchasing an additional 214 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in CarMax by 0.3% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 88,144 shares of the company’s stock worth $5,558,000 after purchasing an additional 248 shares in the last quarter.

In other news, Director William R. Tiefel sold 23,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total value of $1,756,970.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Thomas J. Folliard sold 16,000 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $68.39, for a total transaction of $1,094,240.00. Following the completion of the sale, the director now owns 495,572 shares in the company, valued at $33,892,169.08. The disclosure for this sale can be found here. Insiders sold 625,955 shares of company stock worth $46,214,378 over the last quarter. Company insiders own 1.70% of the company’s stock.

Several research firms recently issued reports on KMX. UBS cut shares of CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, October 5th. Oppenheimer cut shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. in a report on Thursday, October 5th. CIBC reaffirmed a “market perform” rating on shares of CarMax in a report on Thursday, October 5th. Berenberg Bank started coverage on shares of CarMax in a report on Wednesday, October 4th. They issued a “hold” rating and a $83.00 target price for the company. Finally, Credit Suisse Group increased their target price on shares of CarMax from $75.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, September 29th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $77.00.

CarMax, Inc (NYSE:KMX) traded up $0.61 during mid-day trading on Thursday, hitting $67.47. 1,614,600 shares of the stock traded hands, compared to its average volume of 2,211,506. The firm has a market capitalization of $12,190.58, a price-to-earnings ratio of 18.37, a PEG ratio of 1.13 and a beta of 1.48. CarMax, Inc has a twelve month low of $54.29 and a twelve month high of $77.64. 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 released its quarterly earnings results on Friday, September 22nd. The company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The company’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 earnings per share. sell-side analysts expect that CarMax, Inc will post 3.84 EPS for the current year.

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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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