9,099 Shares in CarMax, Inc. $KMX Purchased by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new stake in CarMax, Inc. (NYSE:KMX) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,099 shares of the company’s stock, valued at approximately $378,000.

A number of other institutional investors also recently added to or reduced their stakes in KMX. Jones Financial Companies Lllp increased its position in CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of CarMax by 0.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after buying an additional 173 shares during the period. Blue Trust Inc. boosted its stake in shares of CarMax by 20.0% in the fourth quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock valued at $55,000 after buying an additional 237 shares in the last quarter. Huntington National Bank boosted its stake in shares of CarMax by 62.4% in the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after buying an additional 265 shares in the last quarter. Finally, Ossiam grew its holdings in CarMax by 19.5% during the second quarter. Ossiam now owns 1,713 shares of the company’s stock worth $115,000 after acquiring an additional 280 shares during the period.

Insider Activity

In related news, Director Sona Chawla acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $53.39 per share, for a total transaction of $106,780.00. Following the transaction, the director directly owned 21,702 shares of the company’s stock, valued at approximately $1,158,669.78. This trade represents a 10.15% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter J. Bensen bought 2,500 shares of CarMax stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average cost of $52.20 per share, for a total transaction of $130,500.00. Following the purchase, the director owned 24,796 shares in the company, valued at $1,294,351.20. This represents a 11.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 13,900 shares of company stock worth $735,574 over the last ninety days. 1.01% of the stock is currently owned by insiders.

Analyst Ratings Changes

KMX has been the subject of a number of recent analyst reports. Evercore set a $45.00 target price on CarMax in a report on Friday, April 10th. Barclays upped their price target 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. Morgan Stanley increased their price target 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. Argus upgraded shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. Finally, UBS Group boosted their price objective on shares of CarMax from $42.00 to $57.00 and gave the stock a “neutral” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $47.73.

CarMax Price Performance

CarMax stock opened at $58.93 on Thursday. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $63.76. The company has a quick ratio of 0.82, a current ratio of 2.70 and a debt-to-equity ratio of 2.87. The firm’s 50-day simple moving average is $47.02 and its 200 day simple moving average is $44.31. The firm has a market capitalization of $8.36 billion, a PE ratio of 38.52, a P/E/G ratio of 1.80 and a beta of 1.17.

CarMax (NYSE:KMX) last posted its earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.35. The firm had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm posted $1.38 EPS. On average, equities research analysts predict that CarMax, Inc. will post 2.7 EPS for the current fiscal year.

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.