Peter Bensen Buys 2,500 Shares of CarMax (NYSE:KMX) Stock

Posted by Brian Himes on Jun 26th, 2026

CarMax, Inc. (NYSE:KMX – Get Free Report) Director Peter Bensen bought 2,500 shares of the stock in a transaction dated Monday, June 22nd. The shares were acquired at an average price of $52.20 per share, for a total transaction of $130,500.00. Following the completion of the transaction, the director owned 24,796 shares of the company’s stock, valued at approximately $1,294,351.20. The trade was a 11.21% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CarMax Stock Up 4.0%

KMX stock opened at $52.80 on Friday. The company has a fifty day moving average price of $43.25 and a 200 day moving average price of $43.04. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $71.99. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 34.51, a price-to-earnings-growth ratio of 1.70 and a beta of 1.21. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82.

CarMax (NYSE:KMX – Get Free Report) last issued its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.35. The firm had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. CarMax’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.38 EPS. Sell-side analysts expect that CarMax, Inc. will post 2.6 earnings per share for the current year.

Institutional Investors Weigh In On CarMax

Institutional investors have recently added to or reduced their stakes in the business. Intech Investment Management LLC grew its holdings in CarMax by 129.4% in the third quarter. Intech Investment Management LLC now owns 86,444 shares of the company’s stock valued at $3,879,000 after purchasing an additional 48,757 shares during the last quarter. Silver Heights Capital Management Inc increased its position in shares of CarMax by 39.5% in the third quarter. Silver Heights Capital Management Inc now owns 926,167 shares of the company’s stock valued at $41,557,000 after buying an additional 262,478 shares in the last quarter. Freestone Capital Holdings LLC acquired a new position in shares of CarMax during the 4th quarter worth $968,000. Dimensional Fund Advisors LP raised its stake in shares of CarMax by 33.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,685,201 shares of the company’s stock worth $165,358,000 after buying an additional 918,553 shares during the last quarter. Finally, Rings Capital Management LLC boosted its position in shares of CarMax by 71.6% in the 3rd quarter. Rings Capital Management LLC now owns 1,074,000 shares of the company’s stock worth $48,190,000 after buying an additional 448,000 shares in the last quarter.

Trending Headlines about CarMax

Here are the key news stories impacting CarMax this week:

Positive Sentiment: CarMax received fresh bullish attention from momentum-focused and valuation-oriented commentary, with articles calling KMX a long-term momentum name and suggesting the stock still looks undervalued after its recent rally. Article Title
Positive Sentiment: Insider buying is supporting sentiment: CEO Keith Barr bought 9,400 shares and Director Peter Bensen bought 2,500 shares, a sign management may believe the stock remains attractive near current levels. Article Title
Positive Sentiment: Recent earnings were strong, with CarMax posting $1.31 EPS versus $0.96 expected and revenue of $8.01 billion versus $7.42 billion expected, reinforcing the case that fundamentals are improving. Article Title
Positive Sentiment: Several analysts raised price targets after the earnings report, including Stephens and Robert W. Baird, which can help underpin the stock. Article Title
Neutral Sentiment: Truist Financial kept a Hold rating on CarMax, suggesting Wall Street remains constructive but not universally bullish. Article Title
Neutral Sentiment: The company’s shareholder-approved expanded stock incentive plan is a routine governance item and is unlikely to move the stock on its own. Article Title
Negative Sentiment: Some coverage still highlights margin pressure and broader auto retail uncertainty, which may temper enthusiasm despite the recent rally. Article Title

Analysts Set New Price Targets

Several equities analysts recently issued reports on KMX shares. Mizuho boosted their price target on CarMax from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Morgan Stanley increased their price objective on CarMax from $35.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Truist Financial boosted their target price on CarMax from $47.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, June 18th. Bank of America upped their price target on CarMax from $40.00 to $45.00 and gave the stock an “underperform” rating in a research note on Wednesday, June 17th. Finally, Royal Bank Of Canada increased their price target on CarMax from $41.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $47.73.

View Our Latest Stock Analysis on CarMax

About CarMax

(Get Free Report)

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.