CarMax (NYSE:KMX) Director Acquires $106,780.00 in Stock

CarMax, Inc. (NYSE:KMX) Director Sona Chawla acquired 2,000 shares of CarMax stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost of $53.39 per share, for a total transaction of $106,780.00. Following the purchase, the director directly owned 21,702 shares in the company, valued at $1,158,669.78. The trade was a 10.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CarMax Trading Down 0.3%

NYSE:KMX traded down $0.18 during trading hours on Friday, hitting $52.72. The stock had a trading volume of 3,461,813 shares, compared to its average volume of 3,507,582. CarMax, Inc. has a one year low of $30.26 and a one year high of $71.99. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.82 and a current ratio of 2.70. The company has a market cap of $7.48 billion, a price-to-earnings ratio of 34.46, a P/E/G ratio of 1.70 and a beta of 1.21. The business’s 50 day moving average is $43.25 and its 200-day moving average is $43.04.

CarMax (NYSE:KMX) last announced 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. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The company had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.42 billion. During the same period last year, the firm posted $1.38 earnings per share. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. Sell-side analysts anticipate that CarMax, Inc. will post 2.6 EPS for the current fiscal year.

Institutional Trading of CarMax

A number of institutional investors have recently modified their holdings of KMX. Jones Financial Companies Lllp grew its holdings in shares of CarMax by 3.1% during the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after buying an additional 161 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after acquiring an additional 173 shares in the last quarter. Blue Trust Inc. boosted its position in CarMax by 20.0% during the 4th quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock worth $55,000 after acquiring an additional 237 shares during the last quarter. Huntington National Bank boosted its position in CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after acquiring an additional 265 shares during the last quarter. Finally, Ossiam grew its stake in shares of CarMax by 19.5% during the 2nd quarter. Ossiam now owns 1,713 shares of the company’s stock worth $115,000 after acquiring an additional 280 shares in the last quarter.

Wall Street Analyst Weigh In

KMX has been the subject of a number of research analyst reports. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Argus raised CarMax to a “hold” rating in a research report on Thursday, April 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price objective for the company in a research report on Thursday, June 18th. Finally, Evercore set a $45.00 target price on CarMax in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, CarMax presently has a consensus rating of “Reduce” and an average target price of $47.73.

CarMax Company 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.