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.

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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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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