State of Alaska Department of Revenue Acquires 306 Shares of CarMax, Inc (KMX)

State of Alaska Department of Revenue boosted its holdings in shares of CarMax, Inc (NYSE:KMX) by 1.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,900 shares of the company’s stock after buying an additional 306 shares during the period. State of Alaska Department of Revenue’s holdings in CarMax were worth $2,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in shares of CarMax by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 215,302 shares of the company’s stock valued at $16,077,000 after buying an additional 12,901 shares during the last quarter. Paloma Partners Management Co raised its holdings in CarMax by 76.0% during the 3rd quarter. Paloma Partners Management Co now owns 5,075 shares of the company’s stock worth $379,000 after purchasing an additional 2,192 shares during the last quarter. Pacer Advisors Inc. raised its holdings in CarMax by 30.3% during the 3rd quarter. Pacer Advisors Inc. now owns 10,846 shares of the company’s stock worth $810,000 after purchasing an additional 2,520 shares during the last quarter. Man Group plc raised its holdings in CarMax by 18.7% during the 3rd quarter. Man Group plc now owns 11,929 shares of the company’s stock worth $891,000 after purchasing an additional 1,879 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in CarMax by 13.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 273,057 shares of the company’s stock worth $20,389,000 after purchasing an additional 31,646 shares during the last quarter.

Shares of KMX stock opened at $75.94 on Wednesday. The company has a debt-to-equity ratio of 4.11, a current ratio of 2.45 and a quick ratio of 0.53. The stock has a market capitalization of $12.76 billion, a PE ratio of 15.85, a P/E/G ratio of 1.20 and a beta of 1.28. CarMax, Inc has a one year low of $55.24 and a one year high of $81.67.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, March 29th. The company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $4.32 billion during the quarter, compared to analysts’ expectations of $4.36 billion. CarMax had a return on equity of 24.67% and a net margin of 4.64%. CarMax’s revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. As a group, sell-side analysts expect that CarMax, Inc will post 5.12 earnings per share for the current fiscal year.

In related news, SVP Diane L. Cafritz sold 3,484 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $71.04, for a total value of $247,503.36. Following the completion of the transaction, the senior vice president now directly owns 11,331 shares in the company, valued at approximately $804,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas J. Folliard sold 360,006 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $71.18, for a total value of $25,625,227.08. Following the completion of the transaction, the director now owns 511,879 shares of the company’s stock, valued at $36,435,547.22. The disclosure for this sale can be found here. Insiders sold a total of 363,655 shares of company stock valued at $25,882,838 over the last quarter. 1.97% of the stock is owned by insiders.

Several analysts have weighed in on KMX shares. Royal Bank of Canada dropped their price objective on CarMax to $67.00 and set an “outperform” rating for the company in a report on Wednesday, December 19th. Oppenheimer reissued a “buy” rating on shares of CarMax in a report on Thursday, December 20th. Wedbush dropped their price objective on CarMax from $87.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, December 24th. Guggenheim raised CarMax from a “neutral” rating to a “buy” rating in a report on Monday, December 24th. Finally, Buckingham Research raised CarMax from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $81.91.

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CarMax Company 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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