Daiwa Securities Group Inc. Acquires 375 Shares of CarMax, Inc. (NYSE:KMX)

Daiwa Securities Group Inc. grew its holdings in shares of CarMax, Inc. (NYSE:KMX) by 1.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,609 shares of the company’s stock after acquiring an additional 375 shares during the period. Daiwa Securities Group Inc.’s holdings in CarMax were worth $1,735,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of KMX. American Century Companies Inc. raised its stake in shares of CarMax by 674.3% during the third quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock valued at $57,059,000 after acquiring an additional 702,526 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in CarMax by 2,311.1% in the third quarter. Los Angeles Capital Management LLC now owns 603,659 shares of the company’s stock valued at $42,697,000 after buying an additional 578,622 shares during the period. Envestnet Asset Management Inc. lifted its holdings in CarMax by 38.6% in the third quarter. Envestnet Asset Management Inc. now owns 1,161,514 shares of the company’s stock valued at $82,154,000 after buying an additional 323,652 shares during the period. Barclays PLC lifted its holdings in CarMax by 95.7% in the third quarter. Barclays PLC now owns 589,759 shares of the company’s stock valued at $41,713,000 after buying an additional 288,350 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in CarMax by 87.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 474,317 shares of the company’s stock valued at $33,548,000 after buying an additional 221,588 shares during the period.

Insider Transactions at CarMax

In other news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the completion of the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now directly owns 9,068 shares of the company’s stock, valued at $642,830.52. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by insiders.

CarMax Trading Down 0.7 %

NYSE:KMX opened at $67.88 on Tuesday. The company has a debt-to-equity ratio of 2.96, a current ratio of 2.26 and a quick ratio of 0.67. The firm has a 50-day moving average of $78.24 and a 200-day moving average of $72.10. The company has a market cap of $10.68 billion, a PE ratio of 22.40, a PEG ratio of 1.13 and a beta of 1.61. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The company’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. As a group, equities research analysts expect that CarMax, Inc. will post 3.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on KMX. Royal Bank of Canada restated an “outperform” rating and issued a $83.00 target price on shares of CarMax in a report on Monday, April 8th. Robert W. Baird dropped their target price on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. dropped their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. StockNews.com raised shares of CarMax to a “sell” rating in a research note on Monday. Finally, Needham & Company LLC decreased their price target on shares of CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $77.42.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.