Securian Asset Management Inc Has $1.21 Million Stake in CarMax, Inc (KMX)

Securian Asset Management Inc trimmed its stake in shares of CarMax, Inc (NYSE:KMX) by 2.3% in the first quarter, Holdings Channel reports. The fund owned 17,316 shares of the company’s stock after selling 416 shares during the quarter. Securian Asset Management Inc’s holdings in CarMax were worth $1,209,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantamental Technologies LLC bought a new stake in CarMax in the fourth quarter worth approximately $27,000. Citizens Financial Group Inc RI bought a new stake in CarMax in the fourth quarter worth approximately $33,000. Liberty Wealth Management LLC bought a new stake in CarMax in the first quarter worth approximately $39,000. Private Capital Group LLC increased its holdings in CarMax by 35.3% in the fourth quarter. Private Capital Group LLC now owns 721 shares of the company’s stock worth $45,000 after purchasing an additional 188 shares in the last quarter. Finally, Semmax Financial Advisors Inc. bought a new stake in CarMax in the fourth quarter worth approximately $48,000.

KMX stock opened at $78.62 on Friday. The company has a debt-to-equity ratio of 4.11, a quick ratio of 0.53 and a current ratio of 2.45. CarMax, Inc has a 1-year low of $55.24 and a 1-year high of $81.67. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.26 and a beta of 1.31.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Friday, March 29th. The company reported $1.13 earnings per share for the quarter, topping 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 business had revenue of $4.32 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts predict that CarMax, Inc will post 5.13 earnings per share for the current year.

In other CarMax news, Director Thomas J. Folliard sold 360,006 shares of the business’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $71.18, for a total value of $25,625,227.08. Following the transaction, the director now owns 511,879 shares of the company’s stock, valued at $36,435,547.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Diane L. Cafritz sold 3,484 shares of the business’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 transaction, the senior vice president now directly owns 11,331 shares in the company, valued at approximately $804,954.24. The disclosure for this sale can be found here. In the last three months, insiders sold 383,655 shares of company stock worth $27,437,638. Insiders own 1.97% of the company’s stock.

A number of equities research analysts have weighed in on KMX shares. Buckingham Research upgraded CarMax from a “neutral” rating to a “buy” rating in a report on Monday, January 7th. Zacks Investment Research downgraded CarMax from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Wedbush downgraded CarMax from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $70.00 to $60.00 in a report on Friday, January 18th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $83.00 to $93.00 in a report on Monday, April 1st. Finally, ValuEngine upgraded CarMax from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $82.36.

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About CarMax

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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