CarMax, Inc. $KMX Shares Purchased by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC raised its stake in CarMax, Inc. (NYSE:KMX) by 85.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,151 shares of the company’s stock after buying an additional 9,308 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in CarMax were worth $798,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KMX. CYBER HORNET ETFs LLC bought a new position in shares of CarMax during the second quarter worth about $28,000. MUFG Securities EMEA plc bought a new stake in CarMax in the 2nd quarter valued at about $30,000. Huntington National Bank lifted its position in CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the last quarter. Advisory Services Network LLC acquired a new position in CarMax during the 3rd quarter valued at about $32,000. Finally, Commonwealth Retirement Investments LLC acquired a new position in CarMax during the 4th quarter valued at about $33,000.

Insider Activity

In other CarMax news, Director Peter J. Bensen purchased 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The shares were purchased 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 owned 24,796 shares of the company’s stock, valued at approximately $1,294,351.20. This represents a 11.21% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sona Chawla bought 2,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of $53.39 per share, for a total transaction of $106,780.00. Following the acquisition, the director directly 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 13,900 shares of company stock worth $735,574 over the last quarter. Corporate insiders own 1.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on KMX shares. Royal Bank Of Canada upped their target price 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. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research report on Monday, July 6th. Benchmark reissued a “hold” rating on shares of CarMax in a report on Thursday, June 18th. Finally, Robert W. Baird raised 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. Two equities research 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 company currently has a consensus rating of “Reduce” and an average target price of $47.73.

CarMax Trading Down 0.8%

CarMax stock opened at $58.45 on Friday. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 1.90 and a beta of 1.17. CarMax, Inc. has a 1 year low of $30.26 and a 1 year high of $63.74. The firm’s 50 day moving average price is $47.39 and its two-hundred day moving average price is $44.44. 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 (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 company had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS. On average, research analysts predict that CarMax, Inc. will post 2.7 EPS for the current fiscal year.

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.