Pinnacle Financial Partners Inc. lifted its position in shares of CarMax, Inc (NYSE:KMX) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,435 shares of the company’s stock after purchasing an additional 346 shares during the period. Pinnacle Financial Partners Inc.’s holdings in CarMax were worth $915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of CarMax by 112.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 131,531 shares of the company’s stock worth $11,531,000 after acquiring an additional 69,542 shares in the last quarter. Signaturefd LLC raised its stake in CarMax by 46.5% during the fourth quarter. Signaturefd LLC now owns 2,091 shares of the company’s stock worth $183,000 after acquiring an additional 664 shares during the period. American International Group Inc. raised its stake in CarMax by 1.9% during the fourth quarter. American International Group Inc. now owns 61,604 shares of the company’s stock worth $5,401,000 after acquiring an additional 1,149 shares during the period. Rhumbline Advisers raised its stake in CarMax by 3.5% during the fourth quarter. Rhumbline Advisers now owns 288,772 shares of the company’s stock worth $25,317,000 after acquiring an additional 9,797 shares during the period. Finally, Montag A & Associates Inc. raised its stake in CarMax by 2.9% during the fourth quarter. Montag A & Associates Inc. now owns 64,689 shares of the company’s stock worth $5,671,000 after acquiring an additional 1,800 shares during the period.

Shares of NYSE:KMX traded down $0.24 during trading hours on Friday, hitting $98.65. The stock had a trading volume of 37,926 shares, compared to its average volume of 1,223,733. The stock’s fifty day simple moving average is $93.43 and its 200 day simple moving average is $91.19. CarMax, Inc has a 1-year low of $58.19 and a 1-year high of $100.49. The firm has a market capitalization of $15.95 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 1.57 and a beta of 1.10. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.54 and a current ratio of 2.43.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, December 20th. The company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.12). CarMax had a net margin of 4.40% and a return on equity of 24.53%. The firm had revenue of $4.79 billion during the quarter, compared to analyst estimates of $4.62 billion. During the same quarter in the previous year, the business posted $1.09 EPS. CarMax’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, research analysts anticipate that CarMax, Inc will post 5.14 EPS for the current year.

KMX has been the topic of several research reports. ValuEngine lowered shares of CarMax from a “hold” rating to a “sell” rating in a research note on Friday, January 3rd. Oppenheimer raised their price target on shares of CarMax from $100.00 to $118.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Credit Suisse Group raised their price target on shares of CarMax from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Tuesday, December 24th. Evercore ISI began coverage on shares of CarMax in a research note on Thursday, February 6th. They issued an “outperform” rating on the stock. Finally, Royal Bank of Canada raised their price target on shares of CarMax from $105.00 to $108.00 and gave the company an “outperform” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $104.35.

In other news, EVP Thomas W. Reedy, Jr. sold 29,550 shares of the stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $96.87, for a total value of $2,862,508.50. Following the completion of the transaction, the executive vice president now directly owns 31,970 shares in the company, valued at $3,096,933.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.09% of the company’s stock.

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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