Asset Management One Co. Ltd. Raises Stock Holdings in CarMax, Inc (NYSE:KMX)

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Asset Management One Co. Ltd. increased its stake in CarMax, Inc (NYSE:KMX) by 19.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,343 shares of the company’s stock after acquiring an additional 16,265 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of CarMax worth $8,625,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wetherby Asset Management Inc. grew its stake in CarMax by 3.6% in the 2nd quarter. Wetherby Asset Management Inc. now owns 3,366 shares of the company’s stock valued at $292,000 after buying an additional 118 shares during the last quarter. Beacon Financial Group lifted its position in shares of CarMax by 2.3% in the second quarter. Beacon Financial Group now owns 5,386 shares of the company’s stock worth $468,000 after purchasing an additional 119 shares in the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. lifted its position in shares of CarMax by 1.4% in the second quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. now owns 9,700 shares of the company’s stock worth $842,000 after purchasing an additional 130 shares in the last quarter. First Trust Advisors LP lifted its position in shares of CarMax by 0.3% in the first quarter. First Trust Advisors LP now owns 65,476 shares of the company’s stock worth $4,570,000 after purchasing an additional 167 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in CarMax by 4.8% during the second quarter. Ballentine Partners LLC now owns 3,818 shares of the company’s stock worth $332,000 after acquiring an additional 175 shares in the last quarter.

Several equities analysts have commented on the stock. Guggenheim upped their price objective on shares of CarMax from $95.00 to $100.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Stephens increased their target price on shares of CarMax from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Bank of America increased their target price on shares of CarMax from $95.00 to $112.00 in a report on Monday, June 24th. Royal Bank of Canada raised their price objective on shares of CarMax from $86.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, June 19th. Finally, Argus started coverage on shares of CarMax in a report on Friday, June 28th. They issued a “buy” rating and a $100.00 price objective for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $95.42.

In other CarMax news, EVP Eric M. Margolin sold 14,699 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $89.06, for a total transaction of $1,309,092.94. Following the transaction, the executive vice president now directly owns 31,166 shares in the company, valued at approximately $2,775,643.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Diane L. Cafritz sold 8,300 shares of the firm’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $88.25, for a total value of $732,475.00. Following the transaction, the senior vice president now owns 11,706 shares in the company, valued at $1,033,054.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,893 shares of company stock valued at $3,297,447. Insiders own 2.09% of the company’s stock.

NYSE:KMX traded up $3.12 on Friday, reaching $90.53. 1,518,432 shares of the stock traded hands, compared to its average volume of 1,527,873. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17. CarMax, Inc has a 1-year low of $55.24 and a 1-year high of $92.01. The company has a current ratio of 2.42, a quick ratio of 0.56 and a debt-to-equity ratio of 4.11. The company’s 50 day moving average is $85.21 and its 200-day moving average is $81.73.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Tuesday, September 24th. The company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.33 by $0.07. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.06 billion. CarMax had a net margin of 4.60% and a return on equity of 25.50%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.24 EPS. On average, equities research analysts forecast that CarMax, Inc will post 5.29 EPS for the current fiscal year.

CarMax Profile

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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