Benjamin F. Edwards & Company Inc. Has $519,000 Stock Holdings in CarMax, Inc. (NYSE:KMX)

Benjamin F. Edwards & Company Inc. increased its stake in CarMax, Inc. (NYSE:KMXFree Report) by 10.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,757 shares of the company’s stock after buying an additional 622 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in CarMax were worth $519,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KMX. Cambridge Investment Research Advisors Inc. lifted its stake in shares of CarMax by 3.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 28,944 shares of the company’s stock valued at $2,047,000 after purchasing an additional 999 shares during the period. Raymond James & Associates boosted its holdings in shares of CarMax by 3.8% during the 3rd quarter. Raymond James & Associates now owns 293,176 shares of the company’s stock worth $20,736,000 after buying an additional 10,824 shares in the last quarter. Forsta AP Fonden grew its position in shares of CarMax by 1.9% during the 3rd quarter. Forsta AP Fonden now owns 32,800 shares of the company’s stock worth $2,320,000 after buying an additional 600 shares during the period. Mackenzie Financial Corp increased its stake in shares of CarMax by 7.3% in the 3rd quarter. Mackenzie Financial Corp now owns 6,890 shares of the company’s stock valued at $475,000 after acquiring an additional 470 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of CarMax during the 3rd quarter valued at $1,422,000.

Insider Buying and Selling at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.66% of the company’s stock.

CarMax Trading Up 1.6 %

Shares of KMX stock opened at $70.34 on Thursday. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The company has a market capitalization of $11.07 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 1.15 and a beta of 1.64. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a 50-day simple moving average of $77.26 and a two-hundred day simple moving average of $72.23.

CarMax (NYSE:KMXGet Free Report) last released its earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business 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 business’s revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. Research analysts anticipate that CarMax, Inc. will post 3.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on KMX. Truist Financial decreased their price target on shares of CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a research note on Friday, April 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. Needham & Company LLC cut their price target on CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Mizuho decreased their price objective on CarMax from $80.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, April 12th. Finally, Evercore ISI cut their target price on CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a report 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.com, the company has a consensus rating of “Hold” and a consensus price target of $77.42.

View Our Latest Stock Report on CarMax

About CarMax

(Free Report)

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.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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