The Manufacturers Life Insurance Company Sells 23,840 Shares of CarMax, Inc. $KMX

Posted by Stanley Muller on Jul 29th, 2026

The Manufacturers Life Insurance Company lowered its stake in CarMax, Inc. (NYSE:KMX – Free Report) by 1.0% during the first quarter, Holdings Channel.com reports. The fund owned 2,398,257 shares of the company’s stock after selling 23,840 shares during the period. The Manufacturers Life Insurance Company’s holdings in CarMax were worth $99,720,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock valued at $419,000 after buying an additional 161 shares during the last quarter. Empowered Funds LLC grew its stake in shares of CarMax by 12.5% in the first quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock valued at $411,000 after buying an additional 585 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of CarMax by 61.7% in the first quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after buying an additional 7,307 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of CarMax in the first quarter valued at $727,000.

CarMax Stock Up 0.7%

KMX stock opened at $58.83 on Wednesday. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. The firm has a market capitalization of $8.35 billion, a PE ratio of 38.45, a PEG ratio of 2.71 and a beta of 1.17. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $62.56. The business’s 50 day simple moving average is $50.57 and its 200 day simple moving average is $45.45.

CarMax (NYSE:KMX – Get Free Report) last announced its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.35. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The business had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter last year, the firm posted $1.38 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, research analysts anticipate that CarMax, Inc. will post 2.7 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KMX. Bank of America upped their price target on shares of CarMax from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 17th. Royal Bank Of Canada lifted their price objective on shares of CarMax from $41.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. UBS Group set a $60.00 price objective on shares of CarMax in a research note on Wednesday. Mizuho upped their target price on shares of CarMax from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Finally, Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 target price on the stock in a report on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, CarMax has an average rating of “Reduce” and a consensus price target of $49.53.

Get Our Latest Stock Report on KMX

Insider Buying and Selling at CarMax

In related news, CEO Keith Barr acquired 9,400 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $53.01 per share, with a total value of $498,294.00. Following the completion of the transaction, the chief executive officer directly owned 33,375 shares of the company’s stock, valued at $1,769,208.75. This trade represents a 39.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Sona Chawla bought 2,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were bought at an average price of $53.39 per share, with a total value of $106,780.00. Following the purchase, the director owned 21,702 shares in the company, valued at $1,158,669.78. The trade was a 10.15% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 13,900 shares of company stock worth $735,574 over the last ninety days. Insiders own 1.01% of the company’s stock.

CarMax Company Profile

(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.