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Graybill Wealth Management LTD. Makes New $2.57 Million Investment in CarMax, Inc. (NYSE:KMX)

CarMax logo with Retail/Wholesale background

Graybill Wealth Management LTD. bought a new stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 33,031 shares of the company's stock, valued at approximately $2,574,000.

Other large investors have also recently bought and sold shares of the company. Ameriflex Group Inc. acquired a new position in shares of CarMax in the 4th quarter valued at $53,000. Colonial Trust Co SC raised its stake in shares of CarMax by 2,310.0% in the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock valued at $59,000 after buying an additional 693 shares in the last quarter. Blue Trust Inc. raised its stake in shares of CarMax by 49.2% in the 1st quarter. Blue Trust Inc. now owns 898 shares of the company's stock valued at $70,000 after buying an additional 296 shares in the last quarter. Parallel Advisors LLC raised its stake in shares of CarMax by 38.4% in the 1st quarter. Parallel Advisors LLC now owns 937 shares of the company's stock valued at $73,000 after buying an additional 260 shares in the last quarter. Finally, True Wealth Design LLC raised its stake in shares of CarMax by 123.8% in the 4th quarter. True Wealth Design LLC now owns 996 shares of the company's stock valued at $81,000 after buying an additional 551 shares in the last quarter.

CarMax Trading Up 0.7%

Shares of NYSE KMX traded up $0.45 during mid-day trading on Thursday, hitting $62.84. The company's stock had a trading volume of 1,155,201 shares, compared to its average volume of 2,414,090. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 17.36, a price-to-earnings-growth ratio of 1.02 and a beta of 1.38. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80. CarMax, Inc. has a one year low of $61.34 and a one year high of $91.25. The company's fifty day simple moving average is $66.30 and its 200-day simple moving average is $73.29.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Friday, June 20th. The company reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.20. CarMax had a net margin of 2.09% and a return on equity of 9.11%. The business had revenue of $7.55 billion during the quarter, compared to analysts' expectations of $7.58 billion. During the same quarter in the prior year, the company earned $0.97 EPS. The firm's quarterly revenue was up 6.1% on a year-over-year basis. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mitchell D. Steenrod purchased 1,300 shares of the business's stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of $65.49 per share, with a total value of $85,137.00. Following the completion of the purchase, the director owned 33,577 shares in the company, valued at $2,198,957.73. This represents a 4.03% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jon G. Daniels sold 1,540 shares of CarMax stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total transaction of $108,785.60. Following the completion of the sale, the executive vice president owned 2,779 shares in the company, valued at $196,308.56. This trade represents a 35.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on KMX shares. Morgan Stanley started coverage on shares of CarMax in a research report on Tuesday, July 1st. They set an "overweight" rating and a $80.00 target price for the company. Royal Bank Of Canada increased their target price on shares of CarMax from $80.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, June 23rd. Evercore ISI dropped their target price on shares of CarMax from $85.00 to $84.00 and set an "outperform" rating for the company in a research report on Wednesday, May 28th. Mizuho decreased their price objective on shares of CarMax from $80.00 to $78.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Finally, Truist Financial increased their price objective on shares of CarMax from $72.00 to $74.00 and gave the stock a "hold" rating in a report on Monday, June 23rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, CarMax has a consensus rating of "Moderate Buy" and an average target price of $83.67.

Get Our Latest Stock Analysis on KMX

About CarMax

(Free Report)

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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