General Partner Inc. purchased a new position in CarMax, Inc. (NYSE:KMX – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 513 shares of the company’s stock, valued at approximately $31,000.
Several other institutional investors also recently added to or reduced their stakes in KMX. Kinneret Advisory LLC grew its holdings in CarMax by 2.3% during the 1st quarter. Kinneret Advisory LLC now owns 5,192 shares of the company’s stock worth $501,000 after acquiring an additional 116 shares in the last quarter. BOKF NA grew its holdings in CarMax by 0.9% during the 2nd quarter. BOKF NA now owns 13,233 shares of the company’s stock worth $1,198,000 after acquiring an additional 121 shares in the last quarter. Copperleaf Capital LLC grew its holdings in CarMax by 1.8% during the 2nd quarter. Copperleaf Capital LLC now owns 9,474 shares of the company’s stock worth $857,000 after acquiring an additional 171 shares in the last quarter. Beacon Financial Group grew its holdings in CarMax by 0.9% during the 3rd quarter. Beacon Financial Group now owns 19,151 shares of the company’s stock worth $1,244,000 after acquiring an additional 173 shares in the last quarter. Finally, Strengthening Families & Communities LLC grew its holdings in CarMax by 8.3% during the 3rd quarter. Strengthening Families & Communities LLC now owns 2,483 shares of the company’s stock worth $163,000 after acquiring an additional 190 shares in the last quarter.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on KMX. Truist Financial initiated coverage on shares of CarMax in a report on Thursday, February 23rd. They set a “hold” rating and a $66.00 target price on the stock. Robert W. Baird reduced their price target on shares of CarMax from $82.00 to $65.00 in a research report on Friday, December 23rd. Evercore ISI cut their target price on shares of CarMax from $63.00 to $60.00 and set an “in-line” rating for the company in a report on Friday, December 23rd. Stephens cut their target price on shares of CarMax from $64.00 to $53.00 in a report on Friday, December 23rd. Finally, StockNews.com initiated coverage on shares of CarMax in a research note on Thursday. They issued a “sell” rating on the stock. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.50.
Insider Activity at CarMax
CarMax Stock Performance
Shares of KMX opened at $56.26 on Friday. The stock has a 50 day moving average price of $68.87 and a 200 day moving average price of $69.07. The company has a quick ratio of 0.81, a current ratio of 2.57 and a debt-to-equity ratio of 3.21. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 8.01 and a beta of 1.43. CarMax, Inc. has a 52-week low of $52.10 and a 52-week high of $106.24.
CarMax (NYSE:KMX – Get Rating) last released its quarterly earnings results on Thursday, December 22nd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.34). The company had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $7.18 billion. CarMax had a return on equity of 10.69% and a net margin of 1.82%. CarMax’s revenue for the quarter was down 23.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.63 EPS. Research analysts predict that CarMax, Inc. will post 2.8 EPS for the current fiscal year.
CarMax Company Profile
CarMax, Inc is a holding company, which engages in the retail of used vehicles and wholesale of vehicle auction operators. It operates through the CarMax Sales Operations and CarMax Auto Finance (CAF) segments. The CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations.
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