CWM LLC boosted its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 69.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,776 shares of the company's stock after buying an additional 7,294 shares during the period. CWM LLC's holdings in CarMax were worth $1,304,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in CarMax by 153.3% in the 4th quarter. Allworth Financial LP now owns 342 shares of the company's stock worth $26,000 after buying an additional 207 shares in the last quarter. MCF Advisors LLC bought a new position in shares of CarMax in the fourth quarter worth $46,000. Lindbrook Capital LLC increased its holdings in shares of CarMax by 32.8% during the fourth quarter. Lindbrook Capital LLC now owns 628 shares of the company's stock valued at $48,000 after purchasing an additional 155 shares during the period. Headlands Technologies LLC acquired a new position in shares of CarMax during the first quarter valued at $55,000. Finally, Federated Hermes Inc. bought a new stake in shares of CarMax during the fourth quarter valued at about $62,000.
CarMax Trading Down 0.2 %
Shares of CarMax stock traded down $0.14 on Friday, reaching $75.69. 1,487,293 shares of the company were exchanged, compared to its average volume of 1,984,297. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The firm has a market capitalization of $11.81 billion, a price-to-earnings ratio of 29.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.69. The stock has a fifty day moving average price of $75.42 and a 200-day moving average price of $75.07.
CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. The firm had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The business's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.16 EPS. On average, analysts expect that CarMax, Inc. will post 2.99 EPS for the current year.
Insider Buying and Selling
In other news, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction 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 transaction, the senior vice president now owns 995 shares in the company, valued at $72,097.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Jon G. Daniels sold 1,231 shares of the company's 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 transaction, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the firm'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 transaction 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. In the last 90 days, insiders sold 185,243 shares of company stock valued at $14,893,042. Company insiders own 1.66% of the company's stock.
Analyst Upgrades and Downgrades
KMX has been the subject of a number of recent analyst reports. Needham & Company LLC decreased their target price on shares of CarMax from $91.00 to $87.00 and set a "buy" rating for the company in a research report on Monday, June 24th. Oppenheimer reiterated an "outperform" rating and set a $105.00 price objective on shares of CarMax in a research note on Monday, June 24th. Argus upgraded CarMax to a "hold" rating in a research report on Tuesday, June 25th. StockNews.com raised CarMax to a "sell" rating in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. dropped their price objective on CarMax from $60.00 to $55.00 and set an "underweight" rating on the stock in a research note on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $76.25.
View Our Latest Report on KMX
CarMax Company Profile
(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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