Private Advisor Group LLC Has $1.83 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Private Advisor Group LLC raised its stake in CarMax, Inc. (NYSE:KMXFree Report) by 83.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,032 shares of the company’s stock after acquiring an additional 9,549 shares during the period. Private Advisor Group LLC’s holdings in CarMax were worth $1,832,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lido Advisors LLC raised its holdings in shares of CarMax by 17.9% during the 3rd quarter. Lido Advisors LLC now owns 3,796 shares of the company’s stock worth $268,000 after buying an additional 575 shares in the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of CarMax by 8.4% during the 3rd quarter. Royal London Asset Management Ltd. now owns 58,727 shares of the company’s stock worth $4,153,000 after buying an additional 4,566 shares in the last quarter. Comerica Bank raised its holdings in shares of CarMax by 579.4% during the 3rd quarter. Comerica Bank now owns 59,274 shares of the company’s stock worth $4,192,000 after buying an additional 50,550 shares in the last quarter. Graham Capital Management L.P. raised its holdings in shares of CarMax by 222.4% during the 3rd quarter. Graham Capital Management L.P. now owns 44,503 shares of the company’s stock worth $3,148,000 after buying an additional 30,700 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of CarMax by 11.8% during the 3rd quarter. Deutsche Bank AG now owns 403,919 shares of the company’s stock worth $28,569,000 after buying an additional 42,676 shares in the last quarter.

Insider Buying and Selling

In related news, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the sale, the senior vice president now owns 995 shares in the company, valued at $72,097.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the sale, the executive vice president now owns 6,977 shares in the company, valued at $485,110.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the sale, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

Shares of CarMax stock opened at $72.26 on Wednesday. The company has a market cap of $11.28 billion, a PE ratio of 28.23, a price-to-earnings-growth ratio of 1.42 and a beta of 1.69. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The business has a 50 day moving average price of $71.12 and a 200-day moving average price of $73.89. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95.

CarMax (NYSE:KMXGet Free Report) last posted its quarterly earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the company earned $1.16 earnings per share. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. Equities analysts anticipate that CarMax, Inc. will post 3.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of research analyst reports. Oppenheimer reissued an “outperform” rating and set a $105.00 price target on shares of CarMax in a report on Monday, June 24th. Royal Bank of Canada boosted their price objective on CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. reduced their price objective on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Needham & Company LLC reduced their price objective on CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Finally, Truist Financial boosted their price objective on CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, June 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $75.50.

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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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