Oppenheimer & Co. Inc. lowered its position in shares of CarMax, Inc (NYSE:KMX) by 2.4% in the fourth quarter, Holdings Channel reports. The fund owned 863,281 shares of the company’s stock after selling 20,921 shares during the period. CarMax accounts for approximately 1.4% of Oppenheimer & Co. Inc.’s investment portfolio, making the stock its 5th largest holding. Oppenheimer & Co. Inc.’s holdings in CarMax were worth $55,361,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC bought a new stake in shares of CarMax during the fourth quarter worth $121,000. Tredje AP fonden bought a new stake in shares of CarMax during the third quarter worth $144,000. QS Investors LLC raised its position in shares of CarMax by 1.0% during the second quarter. QS Investors LLC now owns 2,333 shares of the company’s stock worth $147,000 after acquiring an additional 22 shares during the last quarter. Commerce Bank bought a new stake in shares of CarMax during the third quarter worth $203,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new stake in shares of CarMax during the third quarter worth $206,000.

In other CarMax news, SVP Darren C. Newberry sold 6,584 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $72.61, for a total value of $478,064.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Folliard sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $70.64, for a total value of $565,120.00. Following the completion of the transaction, the director now directly owns 415,572 shares of the company’s stock, valued at $29,356,006.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,584 shares of company stock valued at $5,226,064. Insiders own 1.70% of the company’s stock.

Shares of CarMax, Inc (NYSE:KMX) opened at $64.49 on Friday. The company has a market capitalization of $11,635.75, a PE ratio of 17.29, a P/E/G ratio of 1.13 and a beta of 1.53. The company has a quick ratio of 0.51, a current ratio of 2.70 and a debt-to-equity ratio of 3.83. CarMax, Inc has a fifty-two week low of $54.29 and a fifty-two week high of $77.64.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 21st. The company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $3.97 billion. CarMax had a net margin of 4.07% and a return on equity of 21.77%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.72 EPS. equities analysts expect that CarMax, Inc will post 3.84 EPS for the current fiscal year.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded CarMax from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Credit Suisse Group dropped their target price on CarMax from $83.00 to $71.54 and set an “outperform” rating for the company in a research report on Friday, January 26th. Berenberg Bank upgraded CarMax from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Monday, January 8th. ValuEngine downgraded CarMax from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Deutsche Bank downgraded CarMax from a “buy” rating to a “hold” rating and set a $76.00 price objective for the company. in a report on Friday, November 17th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. CarMax presently has an average rating of “Buy” and a consensus price target of $79.68.

ILLEGAL ACTIVITY WARNING: This news story was reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://theolympiareport.com/2018/02/10/oppenheimer-co-inc-reduces-stake-in-carmax-inc-kmx.html.

About CarMax

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).

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.