nVerses Capital LLC bought a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 9,000 shares of the company's stock, valued at approximately $660,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Community Trust NA purchased a new position in CarMax during the 2nd quarter worth $29,000. Blue Trust Inc. grew its stake in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock worth $37,000 after buying an additional 287 shares during the last quarter. Headlands Technologies LLC purchased a new position in CarMax during the 1st quarter worth $55,000. Federated Hermes Inc. purchased a new position in CarMax during the 4th quarter worth $62,000. Finally, First Financial Corp IN grew its stake in CarMax by 127.2% during the 1st quarter. First Financial Corp IN now owns 1,045 shares of the company's stock worth $91,000 after buying an additional 585 shares during the last quarter.
Insider Activity at CarMax
In related news, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the business's stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the sale, the senior vice president now directly owns 995 shares in the company, valued at approximately $72,097.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the business's stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total value of $777,680.28. Following the sale, the chief financial officer now owns 20,260 shares of the company's stock, valued at $1,690,899.60. The disclosure for this sale can be found here. Insiders sold a total of 185,243 shares of company stock worth $14,893,042 in the last 90 days. Corporate insiders own 1.66% of the company's stock.
CarMax Price Performance
Shares of CarMax stock traded down $0.76 on Friday, hitting $84.55. The company's stock had a trading volume of 1,163,560 shares, compared to its average volume of 1,914,453. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The firm has a fifty day moving average price of $78.69 and a 200-day moving average price of $76.05. The company has a market capitalization of $13.20 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 1.66 and a beta of 1.69.
CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $1.16 EPS. CarMax's revenue for the quarter was down 7.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have commented on the company. Royal Bank of Canada lifted their price target on CarMax from $73.00 to $75.00 and gave the stock an "outperform" rating in a research report on Monday, June 24th. Needham & Company LLC lowered their price target on CarMax from $91.00 to $87.00 and set a "buy" rating for the company in a research report on Monday, June 24th. Truist Financial lifted their price target on CarMax from $66.00 to $70.00 and gave the stock a "hold" rating in a research report on Monday, June 24th. Argus raised CarMax to a "hold" rating in a research report on Tuesday, June 25th. Finally, Mizuho lowered their price target on CarMax from $75.00 to $72.00 and set a "neutral" rating for the company in a research report on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $76.25.
Check Out Our Latest Report on KMX
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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