Stifel Financial Corp Purchases 29,479 Shares of CarMax, Inc. (NYSE:KMX)

Stifel Financial Corp grew its position in CarMax, Inc. (NYSE:KMXFree Report) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 246,152 shares of the company’s stock after purchasing an additional 29,479 shares during the quarter. Stifel Financial Corp owned approximately 0.16% of CarMax worth $18,890,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of CarMax in the 4th quarter valued at $288,278,000. Invesco Ltd. boosted its stake in shares of CarMax by 3.1% in the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company’s stock valued at $207,843,000 after purchasing an additional 88,488 shares during the last quarter. Cooke & Bieler LP boosted its stake in shares of CarMax by 3.1% in the 4th quarter. Cooke & Bieler LP now owns 2,344,650 shares of the company’s stock valued at $179,928,000 after purchasing an additional 69,409 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of CarMax by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,930,606 shares of the company’s stock valued at $148,168,000 after acquiring an additional 164,024 shares during the period. Finally, Northern Trust Corp lifted its position in shares of CarMax by 3.2% during the 3rd quarter. Northern Trust Corp now owns 1,570,993 shares of the company’s stock valued at $111,116,000 after acquiring an additional 48,879 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of CarMax in a research report on Thursday, May 16th. Truist Financial lowered their target price on shares of CarMax from $75.00 to $72.00 and set a “hold” rating for the company in a report on Friday, April 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $83.00 target price on shares of CarMax in a report on Monday, April 8th. Bank of America increased their price target on shares of CarMax from $44.00 to $50.00 and gave the company an “underperform” rating in a research report on Thursday, February 29th. Finally, Needham & Company LLC reduced their price target on shares of CarMax from $99.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $77.42.

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CarMax Trading Up 0.9 %

Shares of CarMax stock opened at $70.26 on Monday. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 1.34 and a beta of 1.69. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96. The company’s 50-day moving average price is $73.83 and its 200-day moving average price is $73.26.

CarMax (NYSE:KMXGet Free Report) last announced its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.76 billion. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, equities analysts expect that CarMax, Inc. will post 3.12 earnings per share for the current fiscal year.

Insider Activity at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at $485,110.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.66% of the stock is currently owned by insiders.

About CarMax

(Free Report)

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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