CarMax, Inc (KMX) Shares Sold by Stifel Financial Corp
Stifel Financial Corp cut its holdings in CarMax, Inc (NYSE:KMX) by 3.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,230 shares of the company’s stock after selling 2,413 shares during the quarter. Stifel Financial Corp’s holdings in CarMax were worth $4,558,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Tredje AP fonden purchased a new stake in CarMax in the third quarter valued at about $144,000. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of CarMax by 3.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 27,675 shares of the company’s stock valued at $2,098,000 after purchasing an additional 1,000 shares during the period. KBC Group NV increased its holdings in shares of CarMax by 13.5% in the third quarter. KBC Group NV now owns 21,679 shares of the company’s stock valued at $1,643,000 after purchasing an additional 2,582 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of CarMax by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,184,080 shares of the company’s stock valued at $89,766,000 after purchasing an additional 3,892 shares during the period. Finally, BB&T Securities LLC increased its holdings in shares of CarMax by 18.7% in the third quarter. BB&T Securities LLC now owns 125,674 shares of the company’s stock valued at $9,527,000 after purchasing an additional 19,840 shares during the period.
In other news, Director William R. Tiefel sold 23,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $76.39, for a total value of $1,756,970.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mohammad Shamim sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $76.10, for a total value of $98,930.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 609,955 shares of company stock worth $45,120,138. Company insiders own 1.70% of the company’s stock.
A number of research analysts have recently weighed in on KMX shares. Deutsche Bank lowered CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective on the stock. in a report on Friday, November 17th. Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Wedbush reissued an “outperform” rating and issued a $77.00 price objective (up from $73.00) on shares of CarMax in a report on Wednesday, September 13th. Oppenheimer reissued a “buy” rating on shares of CarMax in a report on Friday, September 1st. Finally, Goldman Sachs Group lowered CarMax from a “buy” rating to a “neutral” rating and raised their target price for the stock from $74.00 to $79.00 in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. CarMax currently has a consensus rating of “Hold” and an average price target of $77.57.
Shares of CarMax, Inc (KMX) opened at $67.73 on Friday. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48. CarMax, Inc has a 1-year low of $54.29 and a 1-year high of $77.64. The company has a market capitalization of $12,351.95, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.14 and a beta of 1.48.
CarMax (NYSE:KMX) last released its earnings results on Friday, September 22nd. The company reported $0.98 earnings per share 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 the consensus estimate of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 earnings per share. equities research analysts anticipate that CarMax, Inc will post 3.84 EPS for the current year.
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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