Blackhawk Capital Partners LLC Has $1.63 Million Stock Position in CarMax, Inc. $KMX

Blackhawk Capital Partners LLC lifted its holdings in CarMax, Inc. (NYSE:KMX) by 32.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,118 shares of the company’s stock after acquiring an additional 9,569 shares during the period. Blackhawk Capital Partners LLC’s holdings in CarMax were worth $1,627,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of KMX. AQR Capital Management LLC raised its position in shares of CarMax by 151.8% in the 4th quarter. AQR Capital Management LLC now owns 7,930,345 shares of the company’s stock valued at $306,429,000 after buying an additional 4,780,903 shares in the last quarter. SRS Investment Management LLC lifted its holdings in shares of CarMax by 1,717.5% during the 4th quarter. SRS Investment Management LLC now owns 5,637,803 shares of the company’s stock worth $217,845,000 after acquiring an additional 5,327,603 shares during the period. Norges Bank acquired a new stake in shares of CarMax during the 4th quarter worth approximately $159,232,000. Dimensional Fund Advisors LP increased its stake in CarMax by 8.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,985,895 shares of the company’s stock valued at $154,023,000 after acquiring an additional 300,694 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in CarMax by 73.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,522,923 shares of the company’s stock valued at $158,074,000 after acquiring an additional 1,494,205 shares during the last quarter.

Insider Transactions at CarMax

In other news, Director Peter J. Bensen bought 2,500 shares of the stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $52.20 per share, with a total value of $130,500.00. Following the completion of the transaction, the director directly owned 24,796 shares of the company’s stock, valued at $1,294,351.20. This trade represents a 11.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sona Chawla bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was 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 $1,158,669.78. This represents a 10.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 13,900 shares of company stock valued at $735,574 in the last 90 days. 1.01% of the stock is currently owned by corporate insiders.

CarMax Trading Up 5.7%

Shares of KMX stock opened at $58.93 on Thursday. The company has a market cap of $8.36 billion, a P/E ratio of 38.52, a PEG ratio of 1.80 and a beta of 1.17. The stock has a 50 day simple moving average of $47.02 and a two-hundred day simple moving average of $44.31. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.82 and a current ratio of 2.70. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $63.76.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.96 by $0.35. The company 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 company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 EPS. Research analysts forecast that CarMax, Inc. will post 2.7 earnings per share for the current year.

Analyst Ratings Changes

KMX has been the topic of several recent analyst reports. Truist Financial lifted their price target on CarMax from $47.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, June 18th. Morgan Stanley raised their price objective on CarMax from $35.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 23rd. Robert W. Baird lifted their target price on CarMax from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Finally, Benchmark reissued a “hold” rating on shares of CarMax in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $47.73.

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.