Gateway Investment Advisers LLC is selling 593 shares of CarMax, Inc. (NYSE: KMX)

Gateway Investment Advisers LLC reduced its stake in CarMax, Inc. (NYSE: KMX – Get Rating) by 3.6% in the first quarter, according to Holdings The institutional investor owns 15,804 shares of the company’s shares after selling 593 shares in the quarter. Gateway Investment Advisers LLC owned CarMax at $ 1,525,000 at the end of the last quarter.

A number of other institutional investors and hedge funds have also recently changed their holdings in KMX. Capital Research Global Investors increased its stake in CarMax by 246.3% in the fourth quarter. Capital Research Global Investors already owns 5,916,243 shares of the company’s stock worth $ 770,472,000 after buying an additional 4,207,817 shares in the last quarter. Caledonia Private Investments Pty Ltd increased its stake in CarMax by 24.9% in the fourth quarter. Caledonia Private Investments Pty Ltd already owns 2,306,124 shares of the company’s shares worth $ 300,327,000 after buying an additional 460,010 shares in the last quarter. Marshall Wace LLP increased its stake in CarMax by 121.7% in the 4th quarter. Marshall Wace LLP now owns 511,359 shares of the company’s stock worth $ 66,594,000 after buying an additional 280,673 shares in the last quarter. Adage Capital Partners GP LLC bought a new position in CarMax shares in the 4th quarter worth about $ 29,002,000. Finally, State Street Corp increased its stake in CarMax by 3.1% in the fourth quarter. State Street Corp. now owns 6,556,838 shares of the company’s stock worth $ 853,897,000 after buying an additional 196,926 shares in the last quarter. Hedge funds and other institutional investors own 96.10% of the company’s shares.

KMX has been the subject of several recent analyst reports. Needham & Company LLC began covering CarMax in a report on Monday, May 2nd. They set a share retention rating. Bank of America lowered CarMax’s rating from “buy” to “neutral” and lowered its price target for the company from $ 195.00 to $ 165.00 in a report on Wednesday, April 6. TheStreet downgraded CarMax from “b-” to “c +” in a report on Tuesday, April 12. Robert W. Baird reduced his target price for CarMax from $ 140.00 to $ 120.00 in a research note on Wednesday, April 13th. Finally, JPMorgan Chase & Co. reduced its target price for CarMax from $ 110.00 to $ 105.00 in a research note on Tuesday, June 7. One investment analyst rated the shares with a sell rating, five issued a hold rating, and eight gave a stock buy rating. Based on data from, the company has a consensus rating of “Moderate Buying” and an average target price of $ 132.70.

NYSE: KMX opened at $ 98.36 on Friday. The company has a market capitalization of $ 15.79 billion, a price-to-earnings ratio of 14.13, a price-to-earnings ratio of 0.96 and a beta of 1.42. CarMax, Inc. has a twelve-month low of $ 84.37 and a twelve-month high of $ 155.98. The 50-day moving average share price is $ 93.21, and its two-day moving average price is $ 104.99. The company has a fast ratio of 0.70, a current ratio of 3.20 and a debt to equity ratio of 3.47.

CarMax (NYSE: KMX – Get Rating) last released its quarterly earnings results on Tuesday, April 12th. The company reported earnings of $ 0.98 per share for the quarter, lacking a consensus estimate of $ 1.28 s ($ 0.30). The company had revenue of $ 7.69 billion for the quarter, compared to analysts’ estimates of $ 7.58 billion. CarMax had a return on equity of 22.74% and a net profit of 3.61%. The company’s revenue for the quarter increased by 48.8% compared to the same quarter last year. During the same period last year, the company earned $ 1.27 EPS. As a group, analysts expect CarMax, Inc. will report 6.15 earnings per share for the current year.

Company profile CarMax (Get a rating)

CarMax, Inc., along with its subsidiaries, operates as a used car retailer in the United States. The company operates in two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a variety of makes and models of used vehicles, including domestic, imported and luxury vehicles, as well as hybrid and electric vehicles; and extended plans to protect customers at the time of sale; and sell vehicles that are approximately 10 years old and have more than 100,000 miles through wholesale auctions.

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Institutional ownership by quarter for CarMax (NYSE: KMX)

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