Delek Group Ltd. acquired a new position in shares of CarMax, Inc (NYSE:KMX) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,500 shares of the company’s stock, valued at approximately $2,015,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Archford Capital Strategies LLC bought a new stake in shares of CarMax in the 1st quarter worth $100,000. Captrust Financial Advisors bought a new stake in shares of CarMax in the 4th quarter worth $134,000. Prime Capital Investment Advisors LLC bought a new stake in shares of CarMax in the 4th quarter worth $156,000. Virtue Capital Management LLC bought a new stake in shares of CarMax in the 4th quarter worth $169,000. Finally, Fortis Advisors LLC grew its stake in shares of CarMax by 50.0% in the 1st quarter. Fortis Advisors LLC now owns 3,000 shares of the company’s stock worth $186,000 after acquiring an additional 1,000 shares in the last quarter.

Several analysts have recently issued reports on the stock. Gabelli assumed coverage on shares of CarMax in a research note on Wednesday, June 6th. They issued a “buy” rating and a $95.00 target price for the company. TheStreet upgraded shares of CarMax from a “c+” rating to a “b” rating in a research note on Friday, June 1st. Wedbush set a $75.00 target price on shares of CarMax and gave the stock a “buy” rating in a research note on Tuesday, May 29th. Deutsche Bank reduced their target price on shares of CarMax from $76.00 to $63.00 and set a “hold” rating for the company in a research note on Thursday, April 5th. Finally, Buckingham Research upgraded shares of CarMax from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Thursday, April 5th. Seven equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. CarMax presently has a consensus rating of “Buy” and a consensus target price of $80.25.

In other CarMax news, COO William C. Jr. Wood sold 49,714 shares of the company’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $63.01, for a total transaction of $3,132,479.14. Following the sale, the chief operating officer now directly owns 87,173 shares of the company’s stock, valued at $5,492,770.73. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Eric M. Margolin sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $63.83, for a total transaction of $1,276,600.00. Following the sale, the executive vice president now directly owns 41,051 shares in the company, valued at $2,620,285.33. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,297 shares of company stock valued at $7,483,514. 1.97% of the stock is owned by company insiders.

CarMax opened at $73.85 on Wednesday, according to Marketbeat. The stock has a market cap of $13.19 billion, a P/E ratio of 20.00, a P/E/G ratio of 1.16 and a beta of 1.56. The company has a debt-to-equity ratio of 3.84, a current ratio of 2.61 and a quick ratio of 0.57. CarMax, Inc has a fifty-two week low of $57.05 and a fifty-two week high of $77.64.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Wednesday, April 4th. The company reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.10). The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.18 billion. CarMax had a net margin of 3.88% and a return on equity of 21.09%. CarMax’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS. analysts predict that CarMax, Inc will post 4.39 earnings per share for the current year.

About CarMax

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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