Louisiana State Employees Retirement System Has $653,000 Stock Position in CarMax, Inc. (NYSE:KMX)

Louisiana State Employees Retirement System decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,900 shares of the company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in CarMax were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. BNP Paribas Financial Markets boosted its holdings in CarMax by 16.4% in the 4th quarter. BNP Paribas Financial Markets now owns 127,402 shares of the company’s stock valued at $9,777,000 after purchasing an additional 17,973 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in CarMax by 29.1% in 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 during the last quarter. Fairview Capital Investment Management LLC increased its stake in shares of CarMax by 7.0% in the 4th quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock valued at $19,302,000 after acquiring an additional 16,438 shares during the last quarter. Quadrature Capital Ltd acquired a new position in CarMax in the fourth quarter valued at about $5,637,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of CarMax by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 991,111 shares of the company’s stock worth $76,058,000 after acquiring an additional 30,107 shares during the period.

Insider Buying and Selling at CarMax

In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction that occurred 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 sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $72,097.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Jon G. Daniels sold 1,231 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the transaction, the senior vice president now directly owns 995 shares in the company, valued at approximately $72,097.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total value of $777,680.28. Following the completion of the sale, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,690,899.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,243 shares of company stock valued at $14,893,042. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on KMX. Morgan Stanley reiterated an “overweight” rating and set a $80.00 price objective on shares of CarMax in a research note on Friday, June 21st. Mizuho decreased their target price on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Argus raised CarMax to a “hold” rating in a research note on Tuesday, June 25th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 target price on shares of CarMax in a report on Monday, June 24th. Finally, Needham & Company LLC cut their target price on shares of CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax has an average rating of “Hold” and an average price target of $76.25.

CarMax Stock Down 0.9 %

Shares of NYSE KMX opened at $84.55 on Friday. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The firm has a fifty day simple moving average of $78.69 and a two-hundred day simple moving average of $76.02. The firm has a market capitalization of $13.20 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 1.66 and a beta of 1.69.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The business had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. Equities analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current year.

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.