Heritage Wealth Advisors raised its holdings in CarMax, Inc (NYSE:KMX) by 373.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,213 shares of the company’s stock after acquiring an additional 9,631 shares during the period. Heritage Wealth Advisors’ holdings in CarMax were worth $1,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. AdvisorNet Financial Inc boosted its position in shares of CarMax by 86.9% during the second quarter. AdvisorNet Financial Inc now owns 398 shares of the company’s stock worth $35,000 after buying an additional 185 shares during the period. Hanson & Doremus Investment Management acquired a new position in shares of CarMax during the second quarter worth about $51,000. FNY Investment Advisers LLC boosted its position in shares of CarMax by 6,633.3% during the second quarter. FNY Investment Advisers LLC now owns 588 shares of the company’s stock worth $51,000 after buying an additional 597 shares during the period. Manchester Financial Inc. acquired a new position in shares of CarMax during the second quarter worth about $65,000. Finally, Carroll Financial Associates Inc. boosted its position in shares of CarMax by 181.1% during the second quarter. Carroll Financial Associates Inc. now owns 759 shares of the company’s stock worth $65,000 after buying an additional 489 shares during the period.

KMX has been the subject of several recent research reports. Buckingham Research cut CarMax from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $81.00 to $94.00 in a research report on Monday, June 24th. They noted that the move was a valuation call. Argus assumed coverage on CarMax in a research report on Friday, June 28th. They set a “buy” rating and a $100.00 price target for the company. Bank of America increased their price target on CarMax from $95.00 to $112.00 in a research report on Monday, June 24th. Guggenheim increased their price target on CarMax from $87.00 to $95.00 and gave the company an “outperform” rating in a research report on Monday, June 24th. They noted that the move was a valuation call. Finally, Northcoast Research cut CarMax from a “buy” rating to a “neutral” rating and set a $86.50 price target for the company. in a research report on Friday, June 28th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $93.81.

NYSE:KMX traded down $0.13 on Wednesday, hitting $83.21. The company’s stock had a trading volume of 634,222 shares, compared to its average volume of 1,299,993. The company has a current ratio of 2.21, a quick ratio of 0.49 and a debt-to-equity ratio of 4.20. The stock has a fifty day moving average of $86.74 and a two-hundred day moving average of $75.50. The firm has a market capitalization of $14.08 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20. CarMax, Inc has a one year low of $55.24 and a one year high of $92.01.

CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, June 21st. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.10. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.17 billion. CarMax had a return on equity of 25.37% and a net margin of 4.64%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 earnings per share. As a group, sell-side analysts anticipate that CarMax, Inc will post 5.26 EPS for the current year.

In other news, CFO Thomas W. Reedy, Jr. sold 77,000 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $83.20, for a total transaction of $6,406,400.00. Following the transaction, the chief financial officer now owns 138,520 shares in the company, valued at $11,524,864. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William D. Nash sold 86,762 shares of the stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $83.53, for a total value of $7,247,229.86. Following the transaction, the chief executive officer now owns 173,546 shares in the company, valued at approximately $14,496,297.38. The disclosure for this sale can be found here. Insiders sold 377,047 shares of company stock worth $31,898,938 in the last 90 days. Corporate insiders own 2.09% of the company’s stock.

CarMax 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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