CarMax, Inc. (NYSE:KMX) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 2.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,872 shares of the company's stock after selling 4,939 shares during the quarter. Oppenheimer & Co. Inc. owned 0.13% of CarMax worth $15,184,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock valued at $261,000 after acquiring an additional 307 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of CarMax by 36.6% during the fourth quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock worth $426,000 after purchasing an additional 1,396 shares during the last quarter. B. Metzler seel. Sohn & Co. AG grew its stake in CarMax by 128.6% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 8,793 shares of the company's stock worth $719,000 after purchasing an additional 4,947 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in CarMax by 138.3% in the first quarter. Farther Finance Advisors LLC now owns 2,397 shares of the company's stock valued at $189,000 after buying an additional 1,391 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in CarMax by 79.0% during the first quarter. Merit Financial Group LLC now owns 13,129 shares of the company's stock valued at $1,023,000 after buying an additional 5,796 shares in the last quarter.

Insider Transactions at CarMax

In other news, Director Mitchell D. Steenrod purchased 1,300 shares of the stock in a transaction dated Thursday, April 24th. The shares were bought at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director now owns 33,577 shares in the company, valued at $2,198,957.73. This trade represents a 4.03% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Cfra Research upgraded CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. Evercore ISI decreased their price objective on shares of CarMax from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $86.00 to $90.00 in a research report on Wednesday, March 26th. Finally, Needham & Company LLC lowered their price objective on shares of CarMax from $101.00 to $92.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, CarMax has a consensus rating of "Hold" and an average target price of $86.40.

CarMax Price Performance

Shares of KMX opened at $68.66 on Monday. The firm has a market capitalization of $10.48 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.14 and a beta of 1.38. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.80 and a current ratio of 2.39. CarMax, Inc. has a one year low of $61.34 and a one year high of $91.25. The stock's fifty day moving average is $65.60 and its 200-day moving average is $75.35.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.20. The business had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.58 billion. CarMax had a net margin of 2.09% and a return on equity of 9.11%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.97 earnings per share. Equities analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current year.

CarMax Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.

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