Capstone Investment Advisors LLC purchased a new stake in shares of CarMax, Inc. (NYSE:KMX – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 10,504 shares of the company’s stock, valued at approximately $556,000.
Other hedge funds have also modified their holdings of the company. Basecamp Wealth Advisors LLC increased its stake in shares of CarMax by 105.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares during the period. Huntington National Bank lifted its position in CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in CarMax in the second quarter valued at $28,000. Global Retirement Partners LLC acquired a new stake in CarMax during the 2nd quarter worth about $29,000. Finally, Wellington Grp LLC grew its position in CarMax by 6,500.0% during the 1st quarter. Wellington Grp LLC now owns 726 shares of the company’s stock worth $30,000 after purchasing an additional 715 shares during the period.
Analysts Set New Price Targets
Several research firms recently commented on KMX. Weiss Ratings raised CarMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 20th. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Morgan Stanley boosted their target price on shares of CarMax from $35.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 23rd. Zacks Research upgraded shares of CarMax from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Finally, Barclays upgraded shares of CarMax from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $37.00 to $61.00 in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.00.
CarMax Trading Down 1.1%
Shares of CarMax stock opened at $61.96 on Friday. The stock has a market cap of $8.79 billion, a P/E ratio of 40.50, a P/E/G ratio of 2.87 and a beta of 1.15. The stock’s 50 day simple moving average is $56.79 and its 200-day simple moving average is $47.58. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $65.28. 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 announced its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.35. The firm had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 earnings per share. Analysts predict that CarMax, Inc. will post 2.73 EPS for the current fiscal year.
Insider Transactions at CarMax
In other news, Director Peter J. Bensen acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average cost 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 in the company, valued at approximately $1,294,351.20. This trade represents a 11.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Keith Barr bought 9,400 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was purchased at an average price of $53.01 per share, for a total transaction of $498,294.00. Following the completion of the acquisition, the chief executive officer directly owned 33,375 shares in the company, valued at $1,769,208.75. The trade was a 39.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 13,900 shares of company stock worth $735,574 in the last quarter. Company insiders own 1.01% of the company’s stock.
About CarMax
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.
Featured Stories
- Five stocks we like better than CarMax
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.
