Mirae Asset Global Investments Co. Ltd. Purchases 1,343 Shares of CarMax, Inc. (NYSE:KMX)

Mirae Asset Global Investments Co. Ltd. raised its position in shares of CarMax, Inc. (NYSE:KMX) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,725 shares of the company’s stock after buying an additional 1,343 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in CarMax were worth $2,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. VitalStone Financial LLC acquired a new stake in shares of CarMax in the first quarter valued at approximately $33,000. Allworth Financial LP increased its holdings in shares of CarMax by 153.3% in the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after purchasing an additional 207 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of CarMax by 100.0% in the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its holdings in shares of CarMax by 194.0% in the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company’s stock valued at $31,000 after purchasing an additional 289 shares in the last quarter.

CarMax Trading Down 1.8 %

Shares of NYSE KMX opened at $68.53 on Thursday. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 22.62, a P/E/G ratio of 1.09 and a beta of 1.61. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company’s fifty day moving average is $78.66 and its 200-day moving average is $72.07. The company has a quick ratio of 0.67, a current ratio of 2.26 and a debt-to-equity ratio of 2.96.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.13). The company had revenue of $5.63 billion during the quarter, compared to the consensus estimate of $5.76 billion. CarMax had a net margin of 1.81% and a return on equity of 7.26%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.44 earnings per share. Equities research analysts predict that CarMax, Inc. will post 3.49 EPS for the current year.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total value of $1,541,760.00. Following the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CarMax news, EVP Diane L. Cafritz sold 2,730 shares of CarMax stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $70.54, for a total value of $192,574.20. Following the sale, the executive vice president now directly owns 5,073 shares in the company, valued at approximately $357,849.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction on Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the completion of the sale, the executive vice president now owns 5,073 shares in the company, valued at $355,515.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,929 shares of company stock valued at $2,740,901. 1.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KMX. Royal Bank of Canada reissued an “outperform” rating and issued a $83.00 price target on shares of CarMax in a report on Monday, April 8th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a research note on Tuesday. Evercore ISI reduced their price objective on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a research note on Friday, April 12th. Mizuho reduced their price objective on shares of CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Finally, Truist Financial reduced their price objective on shares of CarMax from $75.00 to $72.00 and set a “hold” rating on the stock in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $77.42.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.