CarMax (NYSE:KMX) CEO Keith Barr Buys 9,400 Shares

CarMax, Inc. (NYSE:KMX) CEO Keith Barr bought 9,400 shares of CarMax stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $53.01 per share, with a total value of $498,294.00. Following the completion of the acquisition, the chief executive officer directly owned 33,375 shares of the company’s stock, valued at approximately $1,769,208.75. The trade was a 39.21% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

CarMax Stock Performance

NYSE KMX opened at $50.62 on Thursday. The firm has a market cap of $7.18 billion, a P/E ratio of 33.09, a P/E/G ratio of 1.78 and a beta of 1.21. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $71.99. The business’s 50-day moving average price is $43.02 and its 200 day moving average price is $42.94. The company has a quick ratio of 0.82, a current ratio of 2.70 and a debt-to-equity ratio of 2.87.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.96 by $0.35. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same period in the prior year, the business earned $1.38 EPS. The firm’s revenue was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that CarMax, Inc. will post 2.54 earnings per share for the current year.

Institutional Trading of CarMax

Several hedge funds have recently modified their holdings of KMX. CYBER HORNET ETFs LLC acquired a new position in CarMax during the second quarter worth $28,000. MUFG Securities EMEA plc acquired a new stake in CarMax in the second quarter valued at $30,000. Basecamp Wealth Advisors LLC boosted its position in shares of CarMax by 105.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock worth $26,000 after purchasing an additional 327 shares in the last quarter. Huntington National Bank boosted its position in shares of CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of CarMax during the 3rd quarter worth $32,000.

Analysts Set New Price Targets

KMX has been the subject of several analyst reports. Robert W. Baird upped their price target on CarMax from $48.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, June 18th. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $37.00 to $38.00 and gave the company an “underweight” rating in a research note on Thursday, June 18th. UBS Group boosted their price objective on shares of CarMax from $42.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday. Royal Bank Of Canada upped their price objective on shares of CarMax from $41.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Finally, Barclays raised their target price on shares of CarMax from $31.00 to $37.00 and gave the stock an “underweight” rating in a research note on Thursday, June 18th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CarMax has a consensus rating of “Reduce” and an average price target of $47.73.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.