Monday, April 25, 2011

Carmax


Carmax
Weekly highlight of top insider buys: Alcoa Inc. (AA), CarMax Inc. (KMX), MGIC Investment Corp. (MTG), National Penn Bancshares Inc. (NPBC) and BancFirst Corp. (BANF).

Alcoa Inc. (AA): Director Ratan Tata Bought 1,303 Shares

Director of Alcoa Inc., Ratan Tata, bought 1,303 shares on 4/18/2011 at an average price of $16.97.

Alcoa Inc. is the world's producer and manager of primary aluminum, fabricated aluminum and alumina facilities, and is active in all major aspects of the industry. Alcoa Inc. has a market cap of $18.03 billion; its shares were traded at around $16.97 with a P/E ratio of 23.9 and P/S ratio of 0.8. The dividend yield of Alcoa Inc. stocks is 0.7%.

On April 11, Alcoa Inc. announced today first quarter 2011 income from continuing operations of $309 million, or $0.27 per share, a 20% improvement over fourth quarter 2010, led by improved pricing and growing demand for aluminum in major end markets. Income from continuing operations, excluding a negative impact for special items of $8 million, or $0.01 per share, was $0.28 per share.
Alcoa Inc. is in the portfolios of George Soros, Richard Snow, Mario Gabelli, James Barrow, and Dodge & Cox.

Last week, Buy: Director Ratan Tata bought 1,303 shares of AA stock. In February, Sell:Executive Vice President Olivier M. Jarrault, Sell: Executive Vice President Helmut Wieser, and Sell: Executive Vice President John G. Thuestad sold shares.

CarMax Inc. (KMX): Director Mitchell D. Steenrod Bought 1,250 Shares

Director of CarMax Inc. Mitchell D. Steenrod bought 1,250 shares on 4/15/2011 at an average price of $33.53. CarMax Group is a subsidiary of Circuit City Stores Inc.

On March 31, CarMax Inc. reported record results for the fourth quarter and fiscal year ended Feb. 28, 2011. Net sales and operating revenues increased 23% to $2.25 billion from $1.83 billion in the fourth quarter of last year. For the fiscal year, net sales and operating revenues increased 20% to $8.98 billion from $7.47 billion in fiscal 2010. For the fourth quarter, net earnings increased 19% to $89.5 million, or $0.39 per diluted share, in fiscal 2011 compared with $75.4 million, or $0.33 per diluted share, in fiscal 2010.
Carmax Inc. has a market cap of $7.56 billion; its shares were traded at around $33.53 with a P/E ratio of 20.2 and P/S ratio of 0.8. Carmax had an annual average earnings growth of 2.9% over the past 10 years.

CarMax is in the portfolios of George Soros, Chuck Akre, Tom Gayner, Ron Baron,PRIMECAP Management, Chris Davis, Dodge & Cox, and Richard Aster Jr.

Last week, Buy: Director Mitchell D. Steenrod bought 1,250 shares of CarMax stock. Sell:Director Jeffrey E. Garten and Sell: Director W. Robert Grafton sold shares this month.

MGIC Investment Corp. (MTG): President and COO Patrick Sinks Bought 25,000 Shares

President and COO of MGIC Investment Corp. Patrick Sinks bought 25,000 shares on 4/21/2011 at an average price of $8.07.

MGIC Investment Corporation is a holding company which, through its wholly owned subsidiary, Mortgage Guaranty Insurance Corporation, is a provider of private mortgage insurance coverage in the United States to the home mortgage lending industry. Mgic Investment Corp. has a market cap of $1.62 billion; its shares were traded at around $8.07 with and P/S ratio of 1.1.
On April 20, MGIC Investment Corporation reported a net loss for the quarter ended March 31, 2011, of $33.7 million, compared with a net loss of $150.1 million for the same quarter a year ago. Diluted loss per share was $0.17 for the quarter ending March 31, 2011, compared to diluted loss per share of $1.20 for the same quarter a year ago.

Total revenues for the first quarter were $353.1 million, compared with $370.8 million in the first quarter last year. Net premiums written for the quarter were $274.5 million, compared with $256.1million for the same period last year.

MGIC Investment Corp. is in the portfolios of John Griffin and John Keeley.

This week, Buy: Chairman and CEO Curt S. Culver, Buy: Executive VP & CFO Jon Michael Lauer, and Buy: President and COO Patrick Sinks bought shares of MGIC stock.

National Penn Bancshares Inc. (NPBC): Director Christian F. IV Martin Bought 1,272 Shares

Director of National Penn Bancshares Inc., Christian F. IV Martin, bought 1,272 shares on 04/15/2011 at an average price of $7.87.

National Penn Bancshares Inc. is a bank holding company engaged in general banking business. National Penn Bancshares Inc. has a market cap of $1.19 billion; its shares were traded at around $7.87 with a P/E ratio of 39.5 and P/S ratio of 2.3. The dividend yield of National Penn Bancshares Inc. stocks is 0.5%.
National Penn Bancshares Inc. is in the portfolio of Richard Pzena.

Buy: President & CEO Scott V. Fainor bought 7,390 shares of National Penn Bancshares stock on 11/02/2010 at the average price of 6.41. Scott V. Fainor owns at least 342,472 shares after this. The price of the stock has increased by 22.78% since.

Directors and Officers Recent Trades:

This month, Buy: Director Christian F. Iv Martin bought 1,272 shares of National Penn Bancshares stock. In February, Buy: Chairman Thomas Arthur Beaver bought 9,000 shares.

BancFirst Corp. (BANF): Director C. L. Jr. Craig Bought 2,000 Shares

Director of BancFirst Corp., C. L. Jr. Craig, bought 2,000 shares on 4/20/2011 at an average price of $39.8. BancFirst Corporation is a bank holding company for BancFirst. Bancfirst Corp. has a market cap of $612.2 million; its shares were traded at around $39.8 with a P/E ratio of 14.7 and P/S ratio of 2.5. The dividend yield of Bancfirst Corp. stocks is 2.5%. Bancfirst Corp. had an annual average earnings growth of 3.7% over the past 10 years.

This month, Buy: Director C. L. Jr. Craig bought 2,000 shares of BancFirst stock. Sell:Director Dave R. Lopez sold 8,990 shares in March and Sell: EVP & Regional Executive Karen James sold 5,250 shares in February.

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