CarMax (NYSE:KMX) Director Buys $106,780.00 in Stock

CarMax, Inc. (NYSE:KMX) Director Sona Chawla purchased 2,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $53.39 per share, for a total transaction of $106,780.00. Following the purchase, the director owned 21,702 shares in the company, valued at $1,158,669.78. This trade represents a 10.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

CarMax Price Performance

Shares of KMX stock opened at $52.72 on Monday. 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, Inc. has a 12-month low of $30.26 and a 12-month high of $71.99. The firm has a fifty day moving average of $43.49 and a 200-day moving average of $43.13. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 1.77 and a beta of 1.21.

CarMax (NYSE:KMX) last posted its earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.35. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same period in the prior year, the business earned $1.38 EPS. CarMax’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts forecast that CarMax, Inc. will post 2.6 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays increased their price objective on CarMax from $31.00 to $37.00 and gave the company an “underweight” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. upped their price target on shares of CarMax from $37.00 to $38.00 and gave the stock an “underweight” rating in a research report on Thursday, June 18th. Truist Financial increased their price target on shares of CarMax from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, June 18th. Argus raised shares of CarMax to a “hold” rating in a research report on Thursday, April 16th. Finally, Morgan Stanley upped their target price on shares of CarMax from $35.00 to $44.00 and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, CarMax currently has a consensus rating of “Reduce” and an average target price of $47.73.

Hedge Funds Weigh In On CarMax

Large investors have recently made changes to their positions in the company. Basecamp Wealth Advisors LLC boosted its holdings in CarMax by 105.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock valued at $26,000 after purchasing an additional 327 shares during the period. Huntington National Bank increased 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 position in shares of CarMax during the second quarter worth approximately $28,000. Wellington Grp LLC raised its position in shares of CarMax by 6,500.0% in the first quarter. Wellington Grp LLC now owns 726 shares of the company’s stock valued at $30,000 after buying an additional 715 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new stake in shares of CarMax in the second quarter valued at approximately $30,000.

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.