Caxton Associates LLP Purchases 20,327 Shares of CarMax, Inc. $KMX

Caxton Associates LLP grew its position in CarMax, Inc. (NYSE:KMX) by 59.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,765 shares of the company’s stock after purchasing an additional 20,327 shares during the quarter. Caxton Associates LLP’s holdings in CarMax were worth $2,277,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its stake in 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 purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 buying an additional 173 shares in the last quarter. Blue Trust Inc. increased 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 buying an additional 237 shares during the period. Huntington National Bank increased 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 buying an additional 265 shares during the period. Finally, Ossiam lifted its holdings in shares of CarMax by 19.5% during the second quarter. Ossiam now owns 1,713 shares of the company’s stock worth $115,000 after buying an additional 280 shares in the last quarter.

CarMax Price Performance

KMX stock opened at $58.31 on Friday. The stock has a market cap of $8.27 billion, a price-to-earnings ratio of 38.11, a P/E/G ratio of 1.88 and a beta of 1.17. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82. The company has a 50 day simple moving average of $49.69 and a 200 day simple moving average of $45.18. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $62.56.

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

Insider Buying and Selling

In other news, Director Sona Chawla bought 2,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of $53.39 per share, for a total transaction of $106,780.00. Following the completion of the transaction, the director owned 21,702 shares of the company’s stock, valued at $1,158,669.78. This trade represents a 10.15% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Keith Barr purchased 9,400 shares of CarMax stock in a transaction dated Monday, June 22nd. The shares were 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 owned 33,375 shares of the company’s stock, valued at approximately $1,769,208.75. The trade was a 39.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 13,900 shares of company stock worth $735,574 in the last 90 days. Insiders own 1.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on KMX shares. Barclays raised shares of CarMax from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $37.00 to $61.00 in a research report on Tuesday. Robert W. Baird lifted their price objective on shares of CarMax from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. Weiss Ratings raised shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. Morgan Stanley increased their target price on shares of CarMax from $35.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of CarMax from $37.00 to $38.00 and gave the stock an “underweight” rating 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 given a Sell rating to the company. According to data from MarketBeat.com, CarMax has an average rating of “Reduce” and an average price target of $49.33.

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.