CarMax, Inc. (NYSE:KMX) Shares Sold by Brown Advisory Securities LLC

Brown Advisory Securities LLC reduced its stake in shares of CarMax, Inc. (NYSE:KMXGet Rating) by 63.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,102 shares of the company’s stock after selling 3,655 shares during the quarter. Brown Advisory Securities LLC’s holdings in CarMax were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in CarMax by 1.7% during the fourth quarter. BlackRock Inc. now owns 10,200,300 shares of the company’s stock worth $1,328,384,000 after buying an additional 169,902 shares during the period. Principal Financial Group Inc. grew its position in CarMax by 1.3% during the fourth quarter. Principal Financial Group Inc. now owns 9,015,899 shares of the company’s stock worth $1,173,267,000 after buying an additional 114,563 shares during the period. State Street Corp grew its position in CarMax by 3.1% during the fourth quarter. State Street Corp now owns 6,556,838 shares of the company’s stock worth $853,897,000 after buying an additional 196,926 shares during the period. Capital Research Global Investors grew its position in CarMax by 246.3% during the fourth quarter. Capital Research Global Investors now owns 5,916,243 shares of the company’s stock worth $770,472,000 after buying an additional 4,207,817 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of CarMax by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 2,923,446 shares of the company’s stock valued at $379,663,000 after purchasing an additional 78,967 shares during the last quarter. 96.10% of the stock is currently owned by institutional investors and hedge funds.

CarMax Stock Down 0.3 %

Shares of NYSE KMX opened at $99.17 on Friday. CarMax, Inc. has a 1 year low of $84.37 and a 1 year high of $155.98. The firm’s 50 day moving average price is $94.58 and its 200 day moving average price is $98.24. The firm has a market cap of $15.78 billion, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.63 and a current ratio of 2.72.

CarMax (NYSE:KMXGet Rating) last announced its earnings results on Friday, June 24th. The company reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.05. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.38 billion. CarMax had a net margin of 2.88% and a return on equity of 18.40%. During the same quarter last year, the business earned $2.63 earnings per share. As a group, sell-side analysts anticipate that CarMax, Inc. will post 5.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on KMX shares. JPMorgan Chase & Co. lowered their price target on shares of CarMax from $110.00 to $105.00 in a research report on Tuesday, June 7th. Morgan Stanley lowered their price target on shares of CarMax from $140.00 to $124.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. TheStreet lowered shares of CarMax from a “b-” rating to a “c+” rating in a research report on Tuesday, April 12th. Wedbush increased their price target on shares of CarMax from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Monday, June 27th. Finally, Oppenheimer lowered their price target on shares of CarMax from $158.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, April 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $126.89.

Insiders Place Their Bets

In other CarMax news, EVP Diane L. Cafritz sold 15,555 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $94.75, for a total transaction of $1,473,836.25. Following the transaction, the executive vice president now owns 4,988 shares of the company’s stock, valued at $472,613. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other CarMax news, EVP Mohammad Shamim sold 3,456 shares of the stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $93.91, for a total transaction of $324,552.96. Following the transaction, the executive vice president now owns 8,769 shares of the company’s stock, valued at $823,496.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Diane L. Cafritz sold 15,555 shares of the stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $94.75, for a total transaction of $1,473,836.25. Following the transaction, the executive vice president now directly owns 4,988 shares in the company, valued at approximately $472,613. The disclosure for this sale can be found here. Insiders have sold a total of 37,103 shares of company stock valued at $3,445,847 over the last quarter. Company insiders own 1.65% of the company’s stock.

CarMax Profile

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CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through 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, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

Further Reading

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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