Quantbot Technologies LP Acquires New Shares in CarMax, Inc. $KMX

Quantbot Technologies LP acquired a new position in shares of CarMax, Inc. (NYSE:KMX) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 11,314 shares of the company’s stock, valued at approximately $598,000.

Other large investors have also recently bought and sold shares of the company. Basecamp Wealth Advisors LLC boosted its position in 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 buying an additional 327 shares during the period. Huntington National Bank lifted its holdings in shares of CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the period. CYBER HORNET ETFs LLC bought a new stake in shares of CarMax in the second quarter worth $28,000. Global Retirement Partners LLC acquired a new stake in CarMax in the second quarter valued at $29,000. Finally, MUFG Securities EMEA plc acquired a new stake in CarMax in the second quarter valued at $30,000.

CarMax Stock Performance

Shares of CarMax stock opened at $62.79 on Friday. The business has a 50-day simple moving average of $56.62 and a 200 day simple moving average of $47.48. CarMax, Inc. has a one year low of $30.26 and a one year high of $65.28. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 41.04, a PEG ratio of 2.92 and a beta of 1.15.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.35. The firm had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.38 earnings per share. On average, research analysts anticipate that CarMax, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CarMax news, Director Sona Chawla acquired 2,000 shares of the stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of $53.39 per share, for a total transaction of $106,780.00. Following the completion of the acquisition, the director owned 21,702 shares in the company, valued at approximately $1,158,669.78. This represents a 10.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Keith Barr acquired 9,400 shares of the stock in a transaction on Monday, June 22nd. The shares were acquired at an average price of $53.01 per share, for a total transaction of $498,294.00. Following the acquisition, the chief executive officer 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 13,900 shares of company stock worth $735,574 in the last ninety days. Corporate insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on KMX. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Benchmark restated a “hold” rating on shares of CarMax in a research report on Thursday, June 18th. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price objective on the stock in a research note on Thursday, June 18th. Robert W. Baird upped their target price on CarMax from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Finally, Truist Financial increased their target price on shares of CarMax from $47.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, CarMax currently has a consensus rating of “Hold” and an average target price of $51.00.

CarMax Company Profile

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.