Invesco Ltd. Has $223.13 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Invesco Ltd. lifted its position in CarMax, Inc. (NYSE:KMX - Free Report) by 4.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,863,594 shares of the company's stock after acquiring an additional 133,629 shares during the period. Invesco Ltd. owned approximately 1.88% of CarMax worth $223,131,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of KMX. Mirae Asset Global Investments Co. Ltd. raised its holdings in CarMax by 13.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,678 shares of the company's stock worth $1,571,000 after buying an additional 2,375 shares during the period. Teacher Retirement System of Texas acquired a new stake in CarMax during the 1st quarter worth approximately $1,753,000. Sequoia Financial Advisors LLC raised its holdings in CarMax by 5.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company's stock worth $262,000 after buying an additional 176 shares during the period. Asset Management One Co. Ltd. raised its holdings in CarMax by 3.5% during the 1st quarter. Asset Management One Co. Ltd. now owns 60,653 shares of the company's stock worth $4,726,000 after buying an additional 2,078 shares during the period. Finally, GAMMA Investing LLC raised its holdings in CarMax by 12.6% during the 1st quarter. GAMMA Investing LLC now owns 6,620 shares of the company's stock worth $516,000 after buying an additional 742 shares during the period.

CarMax Price Performance

Shares of KMX opened at $58.60 on Thursday. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.92 and a beta of 1.36. CarMax, Inc. has a 1-year low of $54.53 and a 1-year high of $91.25. The company's fifty day simple moving average is $63.55 and its 200 day simple moving average is $70.29. The company has a current ratio of 2.39, a quick ratio of 0.80 and a debt-to-equity ratio of 2.86.

CarMax (NYSE:KMX - Get Free Report) last issued its earnings results on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.20. The business had revenue of $7.55 billion for 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 firm's revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.97 earnings per share. On average, research analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Jon G. Daniels sold 1,540 shares of the business's stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total transaction of $108,785.60. Following the transaction, the executive vice president directly owned 2,779 shares in the company, valued at approximately $196,308.56. The trade was a 35.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on KMX. Wedbush restated an "outperform" rating and set a $90.00 target price on shares of CarMax in a report on Wednesday, June 18th. Royal Bank Of Canada raised their target price on shares of CarMax from $80.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd. Mizuho dropped their target price on shares of CarMax from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Needham & Company LLC restated a "buy" rating and set a $92.00 target price on shares of CarMax in a report on Monday, June 23rd. Finally, JPMorgan Chase & Co. upgraded shares of CarMax from an "underweight" rating to a "neutral" rating and dropped their target price for the stock from $65.00 to $58.00 in a report on Wednesday, August 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $82.75.

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.

Want to see what other hedge funds are holding KMX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CarMax, Inc. (NYSE:KMX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.