CarMax, Inc (KMX) Holdings Reduced by Grandfield & Dodd LLC

Grandfield & Dodd LLC reduced its position in CarMax, Inc (NYSE:KMX) by 39.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,682 shares of the company’s stock after selling 2,369 shares during the quarter. Grandfield & Dodd LLC’s holdings in CarMax were worth $275,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Argent Trust Co grew its holdings in shares of CarMax by 14.6% during the 2nd quarter. Argent Trust Co now owns 5,783 shares of the company’s stock valued at $421,000 after purchasing an additional 737 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its holdings in shares of CarMax by 57.7% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock valued at $149,000 after purchasing an additional 750 shares during the last quarter. First Republic Investment Management Inc. grew its holdings in shares of CarMax by 7.1% during the 2nd quarter. First Republic Investment Management Inc. now owns 12,448 shares of the company’s stock valued at $907,000 after purchasing an additional 829 shares during the last quarter. Meadow Creek Investment Management LLC grew its holdings in shares of CarMax by 12.2% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,898 shares of the company’s stock valued at $575,000 after purchasing an additional 858 shares during the last quarter. Finally, Atria Investments LLC grew its holdings in shares of CarMax by 19.6% during the 2nd quarter. Atria Investments LLC now owns 5,251 shares of the company’s stock valued at $383,000 after purchasing an additional 859 shares during the last quarter.

Several equities research analysts recently issued reports on KMX shares. Wedbush reaffirmed an “outperform” rating and set a $85.00 price target on shares of CarMax in a report on Thursday, August 16th. Zacks Investment Research raised shares of CarMax from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Tuesday, July 10th. Wolfe Research assumed coverage on shares of CarMax in a report on Tuesday, October 2nd. They set a “peer perform” rating on the stock. Robert W. Baird raised shares of CarMax from a “neutral” rating to an “outperform” rating in a report on Thursday, September 27th. Finally, ValuEngine lowered shares of CarMax from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. CarMax presently has an average rating of “Buy” and a consensus target price of $83.93.

In other news, SVP Darren C. Newberry sold 1,831 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $73.80, for a total value of $135,127.80. Following the transaction, the senior vice president now owns 2,481 shares in the company, valued at approximately $183,097.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Mohammad Shamim sold 34,142 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $74.16, for a total transaction of $2,531,970.72. The disclosure for this sale can be found here. Insiders sold a total of 52,298 shares of company stock worth $3,824,215 in the last 90 days. Corporate insiders own 1.97% of the company’s stock.

KMX opened at $70.46 on Wednesday. CarMax, Inc has a fifty-two week low of $57.05 and a fifty-two week high of $81.67. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.52 and a current ratio of 2.35. The company has a market cap of $12.19 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.13 and a beta of 1.62.

CarMax (NYSE:KMX) last posted its earnings results on Wednesday, September 26th. The company reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.02. CarMax had a net margin of 4.12% and a return on equity of 22.26%. The firm had revenue of $4.77 billion for the quarter, compared to analyst estimates of $4.65 billion. During the same period in the previous year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities research analysts forecast that CarMax, Inc will post 4.65 EPS for the current fiscal year.

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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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