CarMax, Inc (KMX) Stake Increased by Verition Fund Management LLC

Verition Fund Management LLC grew its stake in shares of CarMax, Inc (NYSE:KMX) by 313.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,501 shares of the company’s stock after acquiring an additional 16,299 shares during the quarter. Verition Fund Management LLC’s holdings in CarMax were worth $1,379,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMX. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of CarMax by 27.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,380 shares of the company’s stock worth $217,000 after buying an additional 736 shares during the last quarter. Logan Capital Management Inc. boosted its holdings in shares of CarMax by 6.3% in the fourth quarter. Logan Capital Management Inc. now owns 13,881 shares of the company’s stock worth $891,000 after buying an additional 821 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of CarMax by 1.5% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 60,369 shares of the company’s stock worth $4,577,000 after buying an additional 867 shares during the last quarter. Howland Capital Management LLC boosted its holdings in shares of CarMax by 0.3% in the fourth quarter. Howland Capital Management LLC now owns 308,499 shares of the company’s stock worth $19,784,000 after buying an additional 980 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of CarMax by 3.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 27,675 shares of the company’s stock worth $2,098,000 after buying an additional 1,000 shares during the last quarter.

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Shares of CarMax stock traded down $1.94 on Friday, hitting $60.30. 2,296,676 shares of the company traded hands, compared to its average volume of 2,169,347. CarMax, Inc has a 52 week low of $55.05 and a 52 week high of $77.64. The stock has a market cap of $10,905.13, a P/E ratio of 16.30, a PEG ratio of 0.92 and a beta of 1.55. The company has a debt-to-equity ratio of 3.84, a current ratio of 2.61 and a quick ratio of 0.51.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Wednesday, April 4th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.10). CarMax had a return on equity of 21.09% and a net margin of 3.88%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same quarter in the prior year, the firm posted $0.81 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. equities analysts expect that CarMax, Inc will post 4.34 EPS for the current year.

A number of equities analysts recently issued reports on KMX shares. Credit Suisse Group raised shares of CarMax to a “buy” rating and set a $83.00 price objective on the stock in a report on Monday, December 25th. Northcoast Research raised shares of CarMax from a “neutral” rating to a “buy” rating in a report on Thursday, December 14th. Wedbush set a $81.00 price target on shares of CarMax and gave the company a “buy” rating in a report on Thursday, December 28th. Berenberg Bank raised shares of CarMax from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a report on Monday, January 8th. Finally, Buckingham Research raised shares of CarMax from a “neutral” rating to a “buy” rating and set a $75.00 price target on the stock in a report on Thursday. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $78.85.

In other CarMax news, SVP Darren C. Newberry sold 6,584 shares of CarMax stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $72.61, for a total transaction of $478,064.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $61.92, for a total transaction of $495,360.00. The disclosure for this sale can be found here. Insiders have sold 50,584 shares of company stock valued at $3,553,344 over the last ninety days. 1.70% of the stock is owned by insiders.

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CarMax Company Profile

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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