Teacher Retirement System of Texas cut its stake in shares of CarMax, Inc (NYSE:KMX) by 9.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,696 shares of the company’s stock after selling 3,696 shares during the period. Teacher Retirement System of Texas’ holdings in CarMax were worth $2,674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KMX. Cambridge Investment Research Advisors Inc. increased its stake in CarMax by 12.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 7,075 shares of the company’s stock worth $438,000 after buying an additional 809 shares during the period. Atria Investments LLC grew its holdings in CarMax by 19.6% during the 2nd quarter. Atria Investments LLC now owns 5,251 shares of the company’s stock worth $383,000 after acquiring an additional 859 shares in the last quarter. Pettyjohn Wood & White Inc. grew its holdings in CarMax by 4.2% during the 1st quarter. Pettyjohn Wood & White Inc. now owns 22,610 shares of the company’s stock worth $1,400,000 after acquiring an additional 920 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in CarMax by 0.3% during the 1st quarter. Asset Management One Co. Ltd. now owns 290,169 shares of the company’s stock worth $17,973,000 after acquiring an additional 998 shares in the last quarter. Finally, Fortis Advisors LLC boosted its holdings in shares of CarMax by 50.0% in the 1st quarter. Fortis Advisors LLC now owns 3,000 shares of the company’s stock valued at $186,000 after buying an additional 1,000 shares in the last quarter.

CarMax stock traded up $0.34 during mid-day trading on Friday, reaching $80.52. The company’s stock had a trading volume of 718,461 shares, compared to its average volume of 959,466. The company has a market cap of $14.25 billion, a PE ratio of 20.74, a P/E/G ratio of 1.19 and a beta of 1.57. The company has a debt-to-equity ratio of 3.80, a current ratio of 2.30 and a quick ratio of 0.54. CarMax, Inc has a twelve month low of $57.05 and a twelve month high of $81.67.

CarMax (NYSE:KMX) last announced its quarterly earnings results on Friday, June 22nd. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.09. CarMax had a net margin of 3.98% and a return on equity of 21.54%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. equities research analysts anticipate that CarMax, Inc will post 4.6 earnings per share for the current year.

In other CarMax news, SVP Darren C. Newberry sold 1,831 shares of the business’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $73.80, for a total value of $135,127.80. Following the sale, the senior vice president now directly owns 2,481 shares in the company, valued at $183,097.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas J. Folliard sold 315,325 shares of the business’s stock in a transaction dated Tuesday, June 26th. The stock was sold at an average price of $75.52, for a total value of $23,813,344.00. Following the sale, the director now owns 354,641 shares in the company, valued at approximately $26,782,488.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 666,816 shares of company stock worth $50,495,526. Company insiders own 1.97% of the company’s stock.

KMX has been the subject of several research analyst reports. Wedbush set a $75.00 target price on shares of CarMax and gave the company a “buy” rating in a report on Tuesday, May 29th. TheStreet upgraded shares of CarMax from a “c+” rating to a “b” rating in a research report on Friday, June 1st. Gabelli initiated coverage on shares of CarMax in a report on Wednesday, June 6th. They issued a “buy” rating and a $95.00 price target for the company. ValuEngine upgraded shares of CarMax from a “hold” rating to a “buy” rating in a report on Friday, June 22nd. Finally, Guggenheim cut shares of CarMax from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research note on Monday, June 25th. They noted that the move was a valuation call. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $83.53.

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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