JPMorgan Chase & Co. grew its holdings in CarMax, Inc (NYSE:KMX) by 6.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 215,302 shares of the company’s stock after purchasing an additional 12,901 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.12% of CarMax worth $16,077,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KMX. CWM LLC boosted its stake in CarMax by 266.0% during the 3rd quarter. CWM LLC now owns 1,442 shares of the company’s stock worth $108,000 after acquiring an additional 1,048 shares during the last quarter. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in CarMax during the 3rd quarter worth approximately $123,000. JNBA Financial Advisors boosted its stake in CarMax by 3,526.9% during the 3rd quarter. JNBA Financial Advisors now owns 1,886 shares of the company’s stock worth $141,000 after acquiring an additional 1,834 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in CarMax during the 2nd quarter worth approximately $149,000. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in CarMax by 57.7% during the 2nd quarter. Fuller & Thaler Asset Management Inc. now owns 2,050 shares of the company’s stock worth $149,000 after acquiring an additional 750 shares during the last quarter.

Shares of KMX stock opened at $64.52 on Friday. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.52 and a current ratio of 2.35. The company has a market cap of $11.18 billion, a price-to-earnings ratio of 15.43, a P/E/G ratio of 0.94 and a beta of 1.60. CarMax, Inc has a 52 week low of $57.05 and a 52 week high of $81.67.

CarMax (NYSE:KMX) last announced its earnings results on Wednesday, September 26th. The company reported $1.24 EPS for the quarter, topping the consensus estimate of $1.22 by $0.02. The firm had revenue of $4.77 billion for the quarter, compared to the consensus estimate of $4.65 billion. CarMax had a net margin of 4.12% and a return on equity of 22.26%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company posted $0.98 EPS. On average, analysts forecast that CarMax, Inc will post 4.64 EPS for the current year.

In other news, SVP Mohammad Shamim sold 34,142 shares of CarMax stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $74.16, for a total value of $2,531,970.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jon G. Daniels sold 16,325 shares of CarMax stock in a transaction that occurred on Monday, October 29th. The shares were sold at an average price of $70.88, for a total transaction of $1,157,116.00. Following the completion of the sale, the senior vice president now owns 16,325 shares in the company, valued at $1,157,116. The disclosure for this sale can be found here. Company insiders own 1.97% of the company’s stock.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of CarMax from a “buy” rating to a “hold” rating in a research note on Monday, August 20th. Wolfe Research assumed coverage on shares of CarMax in a research note on Tuesday, October 2nd. They set a “peer perform” rating on the stock. ValuEngine raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. Wedbush reissued an “outperform” rating and set a $85.00 price objective on shares of CarMax in a research note on Thursday, August 16th. Finally, Robert W. Baird raised shares of CarMax from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 27th. Five investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. CarMax has a consensus rating of “Buy” and an average price target of $83.93.

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CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles; vehicles that do not meet its retail standards to licensed dealers through on-site wholesale auctions; and extended protection plans to customers at the time of sale.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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