Front Row Advisors LLC Makes New $108,000 Investment in CarMax, Inc. (NYSE:KMX)

Front Row Advisors LLC bought a new stake in CarMax, Inc. (NYSE:KMX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,477 shares of the company’s stock, valued at approximately $108,000.

Several other institutional investors also recently modified their holdings of the business. CANADA LIFE ASSURANCE Co grew its stake in CarMax by 29.1% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after purchasing an additional 37,660 shares during the period. Fairview Capital Investment Management LLC grew its position in CarMax by 7.0% during the fourth quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock valued at $19,302,000 after buying an additional 16,438 shares during the period. Quadrature Capital Ltd bought a new position in CarMax during the fourth quarter valued at about $5,637,000. State Board of Administration of Florida Retirement System increased its holdings in CarMax by 10.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after buying an additional 17,557 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in CarMax by 38.2% in the first quarter. Van ECK Associates Corp now owns 55,800 shares of the company’s stock worth $4,861,000 after acquiring an additional 15,426 shares during the period.

Insider Buying and Selling

In related news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total transaction of $777,680.28. Following the completion of the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at $1,690,899.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO William D. Nash sold 120,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the sale, the chief executive officer now owns 181,683 shares in the company, valued at approximately $14,465,600.46. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of CarMax stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total transaction of $777,680.28. Following the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at $1,690,899.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 184,012 shares of company stock worth $14,803,843. Corporate insiders own 1.66% of the company’s stock.

CarMax Trading Down 1.1 %

Shares of KMX opened at $77.32 on Friday. The business’s 50-day moving average price is $79.71 and its 200-day moving average price is $76.33. 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, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The stock has a market cap of $12.07 billion, a PE ratio of 30.20, a P/E/G ratio of 1.56 and a beta of 1.69.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.01 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KMX. Needham & Company LLC increased their target price on shares of CarMax from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI raised their target price on CarMax from $76.00 to $79.00 and gave the stock an “in-line” rating in a research report on Friday. Truist Financial boosted their target price on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Morgan Stanley reiterated an “overweight” rating and set a $80.00 price target on shares of CarMax in a research note on Friday, June 21st. Finally, Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research note on Tuesday, September 17th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $78.92.

CarMax Company Profile

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.