CarMax, Inc. (NYSE:KMX) Shares Sold by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lowered its stake in CarMax, Inc. (NYSE:KMX) by 3.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 31,547 shares of the company’s stock after selling 1,080 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in CarMax were worth $2,441,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its stake in shares of CarMax by 29.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after acquiring an additional 37,660 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in CarMax by 10.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock valued at $16,238,000 after purchasing an additional 17,557 shares during the last quarter. Van ECK Associates Corp grew its stake in CarMax by 38.2% during the 1st quarter. Van ECK Associates Corp now owns 55,800 shares of the company’s stock valued at $4,861,000 after purchasing an additional 15,426 shares in the last quarter. Swedbank AB purchased a new stake in CarMax during the 1st quarter worth approximately $1,406,000. Finally, SG Americas Securities LLC raised its position in shares of CarMax by 7.9% in the 1st quarter. SG Americas Securities LLC now owns 22,939 shares of the company’s stock valued at $1,998,000 after purchasing an additional 1,688 shares in the last quarter.

CarMax Price Performance

NYSE KMX traded up $1.03 on Friday, reaching $72.14. The company’s stock had a trading volume of 1,411,680 shares, compared to its average volume of 1,948,985. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.68 and a current ratio of 2.25. The firm’s 50 day moving average is $78.10 and its two-hundred day moving average is $75.67. The stock has a market cap of $11.26 billion, a PE ratio of 28.18, a PEG ratio of 1.46 and a beta of 1.68.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The company had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period last year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, sell-side analysts predict that CarMax, Inc. will post 2.97 EPS for the current year.

Insider Activity at CarMax

In related news, COO Charles Joseph Wilson sold 10,021 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the transaction, the chief operating officer now directly owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the transaction, the chief operating officer now directly owns 15,609 shares of the company’s stock, valued at approximately $1,249,032.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP John M. Stuckey III sold 19,673 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $82.01, for a total transaction of $1,613,382.73. Following the completion of the sale, the senior vice president now owns 969 shares of the company’s stock, valued at approximately $79,467.69. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,012 shares of company stock worth $5,249,443. 1.66% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Needham & Company LLC lifted their price target on shares of CarMax from $87.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Oppenheimer reissued an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Argus raised shares of CarMax to a “hold” rating in a research report on Tuesday, June 25th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 target price on shares of CarMax in a research note on Friday, June 21st. Finally, JPMorgan Chase & Co. upped their target price on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, September 19th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $79.45.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.