Envestnet Asset Management Inc. lifted its holdings in CarMax, Inc (NYSE:KMX) by 156.7% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 342,000 shares of the company’s stock after acquiring an additional 208,786 shares during the quarter. Envestnet Asset Management Inc.’s holdings in CarMax were worth $23,872,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. First Foundation Advisors purchased a new stake in CarMax during the 4th quarter valued at about $445,000. Makaira Partners LLC purchased a new stake in CarMax during the 4th quarter valued at about $46,107,000. Gilbert & Cook Inc. purchased a new stake in CarMax during the 1st quarter valued at about $201,000. Cobblestone Capital Advisors LLC NY grew its position in CarMax by 1.2% during the 1st quarter. Cobblestone Capital Advisors LLC NY now owns 88,094 shares of the company’s stock valued at $6,149,000 after purchasing an additional 1,052 shares during the last quarter. Finally, Piedmont Investment Advisors Inc. grew its position in CarMax by 6.7% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 10,212 shares of the company’s stock valued at $641,000 after purchasing an additional 640 shares during the last quarter.

Shares of NYSE KMX opened at $79.41 on Tuesday. The company has a current ratio of 2.45, a quick ratio of 0.53 and a debt-to-equity ratio of 4.11. The stock has a market cap of $13.01 billion, a PE ratio of 16.58, a P/E/G ratio of 1.25 and a beta of 1.21. CarMax, Inc has a 52-week low of $55.24 and a 52-week high of $81.67.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, March 29th. The company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The firm had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.36 billion. CarMax had a net margin of 4.64% and a return on equity of 24.67%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 EPS. On average, equities research analysts forecast that CarMax, Inc will post 5.14 earnings per share for the current fiscal year.

Several analysts recently commented on the stock. Morgan Stanley increased their price objective on shares of CarMax from $89.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Credit Suisse Group increased their price objective on shares of CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Wedbush reissued a “neutral” rating on shares of CarMax in a research report on Friday, May 17th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Monday, April 22nd. Finally, Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $83.00 to $93.00 in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. CarMax currently has a consensus rating of “Buy” and an average price target of $82.36.

In other news, SVP Diane L. Cafritz sold 3,484 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $71.04, for a total transaction of $247,503.36. Following the sale, the senior vice president now owns 11,331 shares of the company’s stock, valued at approximately $804,954.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Thomas J. Folliard sold 360,006 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $71.18, for a total transaction of $25,625,227.08. Following the sale, the director now directly owns 511,879 shares in the company, valued at approximately $36,435,547.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 383,655 shares of company stock worth $27,437,638. Insiders own 2.09% of the company’s stock.

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CarMax Profile

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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