CarMax, Inc. (NYSE:KMX) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in shares of CarMax, Inc. (NYSE:KMX) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,594,066 shares of the company’s stock after selling 17,498 shares during the quarter. Janus Henderson Group PLC’s holdings in CarMax were worth $400,189,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of CarMax during the 4th quarter valued at about $288,278,000. Morningstar Investment Services LLC boosted its holdings in CarMax by 95.4% during the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after buying an additional 1,326,840 shares in the last quarter. DAVENPORT & Co LLC boosted its holdings in CarMax by 1,327.3% during the first quarter. DAVENPORT & Co LLC now owns 1,023,247 shares of the company’s stock worth $89,070,000 after buying an additional 951,558 shares in the last quarter. Epoch Investment Partners Inc. grew its position in CarMax by 3,094.0% in the first quarter. Epoch Investment Partners Inc. now owns 596,356 shares of the company’s stock worth $51,949,000 after buying an additional 577,685 shares during the last quarter. Finally, Verition Fund Management LLC increased its holdings in shares of CarMax by 5,711.9% in the fourth quarter. Verition Fund Management LLC now owns 427,176 shares of the company’s stock valued at $32,781,000 after buying an additional 419,826 shares in the last quarter.

Insider Buying and Selling

In related news, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction that occurred on 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 owns 995 shares of the company’s stock, valued at $72,097.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other CarMax news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $1,690,899.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $72,097.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,243 shares of company stock worth $14,893,042. Insiders own 1.66% of the company’s stock.

CarMax Stock Up 1.3 %

KMX stock traded up $1.06 during midday trading on Tuesday, reaching $84.32. The company had a trading volume of 1,213,415 shares, compared to its average volume of 1,982,996. The company has a 50 day moving average of $73.88 and a two-hundred day moving average of $74.54. The company has a market capitalization of $13.16 billion, a P/E ratio of 32.57, a PEG ratio of 1.69 and a beta of 1.69. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. 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 (NYSE:KMX) last released 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 firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter last year, the firm earned $1.16 earnings per share. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, equities research analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KMX shares. StockNews.com raised CarMax to a “sell” rating in a research note on Friday. Needham & Company LLC dropped their price target on CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Evercore ISI upped their price objective on shares of CarMax from $68.00 to $72.00 and gave the company an “in-line” rating in a research note on Tuesday, July 16th. Morgan Stanley reissued an “overweight” rating and issued a $80.00 target price on shares of CarMax in a research report on Friday, June 21st. Finally, Robert W. Baird reduced their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $76.25.

About CarMax

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.