Pettyjohn Wood & White Inc. Buys 2,125 Shares of CarMax, Inc (KMX)

Pettyjohn Wood & White Inc. boosted its stake in shares of CarMax, Inc (NYSE:KMX) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,535 shares of the company’s stock after purchasing an additional 2,125 shares during the period. Pettyjohn Wood & White Inc.’s holdings in CarMax were worth $1,713,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of KMX. JPMorgan Chase & Co. boosted its position in CarMax by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 215,302 shares of the company’s stock valued at $16,077,000 after purchasing an additional 12,901 shares during the last quarter. Man Group plc boosted its position in CarMax by 18.7% during the third quarter. Man Group plc now owns 11,929 shares of the company’s stock valued at $891,000 after purchasing an additional 1,879 shares during the last quarter. Kentucky Retirement Systems acquired a new position in CarMax during the third quarter valued at approximately $867,000. Standard Life Aberdeen plc boosted its position in CarMax by 7.1% during the third quarter. Standard Life Aberdeen plc now owns 71,014 shares of the company’s stock valued at $5,303,000 after purchasing an additional 4,688 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in CarMax by 0.4% during the third quarter. Legal & General Group Plc now owns 815,557 shares of the company’s stock valued at $60,897,000 after purchasing an additional 2,864 shares during the last quarter.

In other CarMax news, SVP Diane L. Cafritz sold 3,484 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $71.04, for a total transaction of $247,503.36. Following the transaction, the senior vice president now owns 11,331 shares in the company, valued at approximately $804,954.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas J. Folliard sold 360,006 shares of the firm’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 in the company, valued at approximately $36,435,547.22. The disclosure for this sale can be found here. In the last quarter, insiders have sold 383,655 shares of company stock worth $27,437,638. 1.97% of the stock is owned by corporate insiders.

Shares of NYSE KMX traded up $1.64 during trading hours on Friday, reaching $77.97. 1,165,430 shares of the stock were exchanged, compared to its average volume of 1,901,922. The firm has a market cap of $12.96 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.25 and a beta of 1.28. The company has a current ratio of 2.45, a quick ratio of 0.53 and a debt-to-equity ratio of 4.11. CarMax, Inc has a 52 week low of $55.24 and a 52 week high of $81.67.

CarMax (NYSE:KMX) last announced its earnings results on Friday, March 29th. The company reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.09. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.36 billion. CarMax had a return on equity of 24.67% and a net margin of 4.64%. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Analysts forecast that CarMax, Inc will post 5.13 EPS for the current year.

A number of research firms have recently issued reports on KMX. 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 research report on Monday, April 22nd. Morgan Stanley raised their price objective on CarMax from $89.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Credit Suisse Group raised their price objective on CarMax from $75.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Buckingham Research raised their price objective on CarMax from $76.00 to $81.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $83.00 to $93.00 in a research report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $82.36.

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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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