CarMax, Inc (NYSE:KMX) Shares Bought by Profund Advisors LLC

Profund Advisors LLC boosted its position in shares of CarMax, Inc (NYSE:KMX) by 17.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,484 shares of the company’s stock after buying an additional 813 shares during the quarter. Profund Advisors LLC’s holdings in CarMax were worth $476,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc raised its stake in shares of CarMax by 86.9% in the 2nd quarter. AdvisorNet Financial Inc now owns 398 shares of the company’s stock valued at $35,000 after acquiring an additional 185 shares during the period. Hanson & Doremus Investment Management bought a new stake in CarMax in the second quarter valued at $51,000. FNY Investment Advisers LLC lifted its stake in CarMax by 6,633.3% in the second quarter. FNY Investment Advisers LLC now owns 588 shares of the company’s stock valued at $51,000 after buying an additional 597 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in CarMax by 181.1% in the second quarter. Carroll Financial Associates Inc. now owns 759 shares of the company’s stock valued at $65,000 after buying an additional 489 shares during the last quarter. Finally, Manchester Financial Inc. bought a new stake in CarMax in the second quarter valued at $65,000.

NYSE:KMX traded up $0.41 on Thursday, hitting $85.95. 543,542 shares of the company’s stock traded hands, compared to its average volume of 1,195,929. The company has a current ratio of 2.21, a quick ratio of 0.49 and a debt-to-equity ratio of 4.20. CarMax, Inc has a 1 year low of $55.24 and a 1 year high of $92.01. The firm has a 50-day moving average price of $84.55 and a 200-day moving average price of $78.75. The company has a market cap of $13.95 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20.

CarMax (NYSE:KMX) last posted its earnings results on Friday, June 21st. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.49 by $0.10. The firm had revenue of $5.37 billion during the quarter, compared to analyst estimates of $5.17 billion. CarMax had a return on equity of 25.37% and a net margin of 4.64%. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 EPS. On average, research analysts forecast that CarMax, Inc will post 5.25 EPS for the current fiscal year.

In other CarMax news, COO Edwin J. Hill sold 4,792 shares of the stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $87.49, for a total value of $419,252.08. Following the completion of the sale, the chief operating officer now owns 3,778 shares of the company’s stock, valued at $330,537.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William D. Nash sold 86,762 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $83.53, for a total transaction of $7,247,229.86. Following the completion of the sale, the chief executive officer now directly owns 173,546 shares of the company’s stock, valued at approximately $14,496,297.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 377,047 shares of company stock worth $31,898,938. Insiders own 2.09% of the company’s stock.

KMX has been the topic of a number of recent research reports. Northcoast Research cut CarMax from a “buy” rating to a “neutral” rating and set a $86.50 target price on the stock. in a research note on Friday, June 28th. Morgan Stanley dropped their price target on CarMax from $99.00 to $97.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Bank of America lifted their price target on CarMax from $95.00 to $112.00 in a research note on Monday, June 24th. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Monday, June 10th. Finally, Oppenheimer lifted their price target on CarMax from $88.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, June 14th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $94.12.

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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