iA Global Asset Management Inc. trimmed its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 139,918 shares of the company's stock after selling 9,860 shares during the period. iA Global Asset Management Inc. owned about 0.09% of CarMax worth $10,262,000 at the end of the most recent reporting period.
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Several other institutional investors have also modified their holdings of the company. First Community Trust NA acquired a new position in CarMax during the second quarter worth about $29,000. Blue Trust Inc. raised its position in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock worth $37,000 after purchasing an additional 287 shares during the last quarter. Headlands Technologies LLC acquired a new stake in CarMax during the 1st quarter valued at $55,000. Federated Hermes Inc. purchased a new position in CarMax during the fourth quarter worth $62,000. Finally, First Financial Corp IN increased its position in CarMax by 127.2% during the first quarter. First Financial Corp IN now owns 1,045 shares of the company's stock worth $91,000 after buying an additional 585 shares in the last quarter.
Insider Buying and Selling
In related news, COO Charles Joseph Wilson sold 10,021 shares of the firm's stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at approximately $1,249,032.18. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Charles Joseph Wilson sold 10,021 shares of the company's stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the transaction, the chief operating officer now directly owns 15,609 shares in the company, valued at $1,249,032.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares in the company, valued at approximately $72,097.70. The disclosure for this sale can be found here. In the last three months, insiders sold 185,243 shares of company stock valued at $14,893,042. Company insiders own 1.66% of the company's stock.
CarMax Stock Down 0.9 %
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Shares of NYSE:KMX opened at $84.55 on Friday. The stock has a 50-day simple moving average of $78.69 and a 200-day simple moving average of $76.02. The stock has a market capitalization of $13.20 billion, a P/E ratio of 33.03, a PEG ratio of 1.66 and a beta of 1.69. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50.
CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. During the same period in the previous year, the firm earned $1.16 earnings per share. CarMax's revenue for the quarter was down 7.5% on a year-over-year basis. Equities analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current year.
Wall Street Analyst Weigh In
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KMX has been the topic of a number of analyst reports. Mizuho decreased their price objective on CarMax from $75.00 to $72.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 18th. Wedbush reissued an "outperform" rating and issued a $95.00 price objective on shares of CarMax in a research report on Friday, August 16th. Needham & Company LLC reduced their price objective on shares of CarMax from $91.00 to $87.00 and set a "buy" rating on the stock in a research note on Monday, June 24th. StockNews.com raised shares of CarMax to a "sell" rating in a research note on Friday, July 26th. Finally, Argus raised CarMax to a "hold" rating in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $76.25.
Read Our Latest Stock Report on KMX
CarMax Company Profile
(Free Report)
CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.
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