Penserra Capital Management LLC Invests $416,000 in CarMax Inc (KMX)
Penserra Capital Management LLC purchased a new stake in shares of CarMax Inc (NYSE:KMX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,500 shares of the company’s stock, valued at approximately $416,000.
Several other institutional investors have also recently made changes to their positions in KMX. Korea Investment CORP increased its stake in shares of CarMax by 140.5% during the second quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock valued at $111,000 after buying an additional 1,033 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of CarMax during the second quarter valued at $112,000. Seven Eight Capital LP purchased a new position in shares of CarMax during the second quarter valued at $133,000. QS Investors LLC increased its stake in shares of CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock valued at $147,000 after buying an additional 22 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its stake in shares of CarMax by 1.3% during the second quarter. YorkBridge Wealth Partners LLC now owns 2,331 shares of the company’s stock valued at $149,000 after buying an additional 29 shares during the period.
In other CarMax news, COO William C. Jr. Wood sold 201,701 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $73.56, for a total transaction of $14,837,125.56. Following the completion of the sale, the chief operating officer now directly owns 146,717 shares of the company’s stock, valued at approximately $10,792,502.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Diane L. Cafritz sold 5,671 shares of the stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $73.95, for a total value of $419,370.45. Following the sale, the senior vice president now directly owns 7,475 shares of the company’s stock, valued at $552,776.25. The disclosure for this sale can be found here. Insiders have sold a total of 584,502 shares of company stock valued at $43,183,127 over the last ninety days. 1.90% of the stock is owned by insiders.
CarMax Inc (NYSE KMX) opened at 75.10 on Wednesday. CarMax Inc has a one year low of $47.50 and a one year high of $77.64. The firm has a market capitalization of $13.69 billion, a P/E ratio of 20.68 and a beta of 1.38. The firm has a 50-day moving average price of $73.87 and a 200-day moving average price of $65.87.
CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. CarMax had a return on equity of 21.88% and a net margin of 4.09%. The company had revenue of $4.39 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period last year, the firm earned $0.88 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Equities analysts anticipate that CarMax Inc will post $3.81 earnings per share for the current year.
WARNING: This article was originally reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are accessing this article on another publication, it was illegally copied and republished in violation of US & international copyright & trademark law. The original version of this article can be viewed at https://theolympiareport.com/2017/11/01/penserra-capital-management-llc-invests-416000-in-carmax-inc-kmx.html.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered CarMax from a “buy” rating to a “hold” rating in a research note on Tuesday. CIBC reiterated a “market perform” rating on shares of CarMax in a research note on Thursday, October 5th. Oppenheimer Holdings, Inc. lowered CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 target price on the stock. in a research note on Thursday, October 5th. UBS AG lowered CarMax from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 5th. Finally, Berenberg Bank assumed coverage on CarMax in a research note on Wednesday, October 4th. They issued a “hold” rating and a $83.00 target price on the stock. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.93.
CarMax Company Profile
CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.
Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax Inc (NYSE:KMX).
Receive News & Ratings for CarMax Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.