Quantinno Capital Management LP grew its stake in shares of CarMax, Inc. (NYSE:KMX – Free Report) by 83.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,409 shares of the company’s stock after purchasing an additional 131,542 shares during the period. Quantinno Capital Management LP owned about 0.20% of CarMax worth $11,992,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Delta Global Management LP purchased a new stake in shares of CarMax in the first quarter valued at $2,184,000. Endure Capital Management LLC acquired a new stake in shares of CarMax in the 1st quarter valued at $15,195,000. Van Diest Capital LLC lifted its position in shares of CarMax by 106.4% in the first quarter. Van Diest Capital LLC now owns 12,056 shares of the company’s stock worth $501,000 after buying an additional 6,214 shares during the last quarter. Waverly Advisors LLC boosted its position in CarMax by 26.7% during the first quarter. Waverly Advisors LLC now owns 20,634 shares of the company’s stock worth $858,000 after purchasing an additional 4,344 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of CarMax by 8.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,245,000 shares of the company’s stock worth $51,767,000 after buying an additional 96,000 shares during the period.
Insider Activity
In other news, Director Peter J. Bensen acquired 2,500 shares of CarMax stock in a transaction dated Monday, June 22nd. The stock was bought at an average cost of $52.20 per share, with a total value of $130,500.00. Following the completion of the transaction, the director directly owned 24,796 shares of the company’s stock, valued at approximately $1,294,351.20. This represents a 11.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sona Chawla purchased 2,000 shares of CarMax stock in a transaction on Thursday, June 25th. The shares were purchased at an average cost of $53.39 per share, with a total value of $106,780.00. Following the transaction, the director owned 21,702 shares in the company, valued at approximately $1,158,669.78. The trade was a 10.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 13,900 shares of company stock worth $735,574 over the last three months. Corporate insiders own 1.01% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on CarMax
CarMax Stock Performance
Shares of CarMax stock opened at $58.42 on Tuesday. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $62.56. 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 company has a market capitalization of $8.29 billion, a PE ratio of 38.18, a PEG ratio of 2.62 and a beta of 1.17. The stock’s fifty day simple moving average is $52.10 and its 200 day simple moving average is $45.82.
CarMax (NYSE:KMX – Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $7.42 billion. During the same period in the previous year, the firm earned $1.38 EPS. CarMax’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts predict that CarMax, Inc. will post 2.73 EPS for the current year.
CarMax Profile
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.
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