Tokio Marine Asset Management Co. Ltd. Buys 594 Shares of CarMax, Inc. (NYSE:KMX)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of CarMax, Inc. (NYSE:KMXFree Report) by 11.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,721 shares of the company’s stock after buying an additional 594 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in CarMax were worth $498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of CarMax by 16.4% in the 4th quarter. BNP Paribas Financial Markets now owns 127,402 shares of the company’s stock worth $9,777,000 after acquiring an additional 17,973 shares in the last quarter. Fairview Capital Investment Management LLC raised its holdings in CarMax by 7.0% in the fourth quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock worth $19,302,000 after purchasing an additional 16,438 shares in the last quarter. Quadrature Capital Ltd purchased a new position in CarMax during the fourth quarter valued at $5,637,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of CarMax by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 991,111 shares of the company’s stock valued at $76,058,000 after buying an additional 30,107 shares in the last quarter. Finally, First Pacific Advisors LP increased its stake in shares of CarMax by 1.2% in the 4th quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock worth $178,923,000 after acquiring an additional 28,095 shares in the last quarter.

CarMax Trading Up 1.9 %

Shares of NYSE:KMX opened at $72.96 on Monday. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The stock has a market capitalization of $11.39 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.42 and a beta of 1.69. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The stock’s 50-day simple moving average is $70.96 and its two-hundred day simple moving average is $73.96.

CarMax (NYSE:KMXGet Free Report) last announced its earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The company had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the business posted $1.16 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. Analysts expect that CarMax, Inc. will post 3.02 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on KMX. StockNews.com raised shares of CarMax to a “sell” rating in a research note on Monday, April 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Monday, June 24th. Mizuho reduced their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Morgan Stanley reiterated an “overweight” rating and issued a $80.00 price target on shares of CarMax in a research note on Friday, June 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, CarMax has an average rating of “Hold” and a consensus target price of $75.50.

Get Our Latest Report on CarMax

Insider Activity

In related news, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the transaction, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $72,097.70. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the sale, the senior vice president now owns 995 shares in the company, valued at $72,097.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now directly owns 6,977 shares in the company, valued at $485,110.81. The disclosure for this sale can be found here. Insiders own 1.66% of the company’s stock.

CarMax Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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