Norman Fields Gottscho Capital Management LLC Purchases New Position in CarMax, Inc (NYSE:KMX)

Norman Fields Gottscho Capital Management LLC acquired a new position in shares of CarMax, Inc (NYSE:KMX) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 29,132 shares of the company’s stock, valued at approximately $2,033,000. CarMax accounts for about 1.1% of Norman Fields Gottscho Capital Management LLC’s holdings, making the stock its 27th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Capital Group LLC raised its stake in shares of CarMax by 35.3% during the 4th quarter. Private Capital Group LLC now owns 721 shares of the company’s stock worth $45,000 after purchasing an additional 188 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of CarMax by 0.7% during the 4th quarter. Kornitzer Capital Management Inc. KS now owns 37,683 shares of the company’s stock worth $2,364,000 after purchasing an additional 280 shares during the period. First Bank & Trust raised its stake in shares of CarMax by 14.9% during the 4th quarter. First Bank & Trust now owns 2,648 shares of the company’s stock worth $166,000 after purchasing an additional 343 shares during the period. Wedbush Securities Inc. raised its stake in shares of CarMax by 4.6% during the 4th quarter. Wedbush Securities Inc. now owns 7,823 shares of the company’s stock worth $491,000 after purchasing an additional 345 shares during the period. Finally, Eqis Capital Management Inc. raised its stake in shares of CarMax by 3.8% during the 4th quarter. Eqis Capital Management Inc. now owns 10,625 shares of the company’s stock worth $666,000 after purchasing an additional 386 shares during the period.

In other news, EVP Eric M. Margolin sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $77.74, for a total transaction of $1,554,800.00. Following the transaction, the executive vice president now directly owns 35,160 shares of the company’s stock, valued at $2,733,338.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Diane L. Cafritz sold 3,484 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $71.04, for a total value of $247,503.36. Following the completion of the sale, the senior vice president now directly owns 11,331 shares in the company, valued at $804,954.24. The disclosure for this sale can be found here. Insiders have sold 383,655 shares of company stock worth $27,437,638 over the last three months. Insiders own 1.97% of the company’s stock.

Several equities research analysts recently weighed in on KMX shares. Zacks Investment Research raised CarMax from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a report on Monday, April 22nd. Buckingham Research lifted their price objective on CarMax from $76.00 to $81.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Wedbush set a $70.00 price objective on CarMax and gave the stock a “buy” rating in a report on Wednesday, January 2nd. ValuEngine raised CarMax from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Credit Suisse Group lifted their target price on CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $82.36.

NYSE:KMX opened at $77.97 on Friday. The company has a quick ratio of 0.53, a current ratio of 2.45 and a debt-to-equity ratio of 4.11. CarMax, Inc has a 1-year low of $55.24 and a 1-year high of $81.67. The company has a market capitalization of $12.96 billion, a P/E ratio of 16.28, a PEG ratio of 1.24 and a beta of 1.28.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Friday, March 29th. The company reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.09. CarMax had a return on equity of 24.67% and a net margin of 4.64%. The firm had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the previous year, the company posted $0.88 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that CarMax, Inc will post 5.13 EPS for the current fiscal year.

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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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