Here is the rundown on market activity for CarMax Inc (NYSE:KMX). Today Jeffrey E. Garten, Director disclosed the sale of 6,300 shares of KMX stock. The shares were sold on September 26th for an average price of $53.41. The Director now owns $1,151,092 of the stock per the Form 4 SEC filing. Eric M. Margolin, EVP sold $760,994 worth of shares at an average price of $60.21 on Mon the 15th. That brings Margolin’s holdings to $1,545,229 per an SEC filing yesterday.
William C. Jr. Wood, EVP let go of $2,259,044 worth of shares at an average price of $59.53 on Fri the 12th. The EVP now owns $3,649,129 of the stock as recorded in a recent Form 4 SEC filing.
Here are some other firms who have updated their holdings. Pinkerton Retirement Specialists, LLC added to its position by buying 17,332 shares an increase of 600.6%. Pinkerton Retirement Specialists, LLC owns 20,218 shares with a value of $991,000. The value of the position overall is up by 2,507.9%. As of the end of the quarter BNP Paribas Investment Partners S.A. had disposed of 186 shares trimming its holdings by 1.9%. The value in dollars decreased from $526,000 to $468,000 a change of $58,000 for the reporting period.
Macquarie Group Ltd bolstered its holdings by buying 1,200 shares an increase of 92.3% in the quarter. Macquarie Group Ltd controls 2,500 shares worth $123,000. The total value of its holdings increased 86.4%. As of quarter end Twin Tree Management, Lp had sold a total of 92,600 shares trimming its position 89.0%. The value of the company’s investment in CarMax Inc went from $4,835,000 to $621,000 decreasing 87.2% quarter over quarter.
On September 22 Deutsche Bank held the company rating at “Hold” but lowered the price expectation to $66.00 from $67.00. On September 9, 2016 the stock rating was changed to a “Neutral” according to a Buckingham Research report down from the previous “” rating.
Susquehanna added the stock to its research portfolio giving it an initial rating of “Positive”. April 8 investment analysts at Deutsche Bank kept the stock rating at “Hold” but lowered the price target from $72.00 to $67.00.
On March 29 Morgan Stanley held the stock rating at “Equal-weight” and lowered the price target from $56.00 to $52.00. On March 28 the company was rated “Neutral” by Sterne Agee CRT which is down from the previous “Buy” rating.
The company is down from yesterday’s close of $53.7. The stock last traded at $53.12 a tad below the 50 day moving average of $57.87 and marginally under the 200 day moving average of $53.65. The 50 day moving average moved down $-4.75 whereas the 200 day moving average was down $-0.53 or -0.99%.
The most current P/E ratio is 17.27 and the market value is 10.15B. As of the last earnings report the EPS was $3.08 and is projected to be $3.29 for the current year with 191,079,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.79 and the next full year EPS is projected to be $3.54.