CarMax, Inc. $KMX Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec has boosted its stake in CarMax, Inc. by 145.9%, owning 28,510 shares valued at approximately $2.22 million.
• Analyst ratings for CarMax are currently mixed, with one "Strong Buy," nine "Buy," three "Hold," and one "Sell," resulting in an average rating of "Moderate Buy" and a consensus target price of $81.50.
• The company's most recent earnings report showed an EPS of $1.38, exceeding estimates, while revenue was $7.55 billion, slightly below analyst expectations.

Federation des caisses Desjardins du Quebec lifted its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 145.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,510 shares of the company's stock after acquiring an additional 16,916 shares during the period. Federation des caisses Desjardins du Quebec's holdings in CarMax were worth $2,222,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new stake in shares of CarMax during the first quarter valued at $27,000. Accent Capital Management LLC acquired a new stake in CarMax in the 1st quarter worth about $34,000. Strengthening Families & Communities LLC boosted its stake in CarMax by 93.1% in the 1st quarter. Strengthening Families & Communities LLC now owns 531 shares of the company's stock worth $39,000 after buying an additional 256 shares during the last quarter. Ameriflex Group Inc. acquired a new stake in CarMax in the 4th quarter worth about $53,000. Finally, Quarry LP boosted its stake in CarMax by 50.5% in the 1st quarter. Quarry LP now owns 694 shares of the company's stock worth $54,000 after buying an additional 233 shares during the last quarter.

Insiders Place Their Bets

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by company insiders.

CarMax Stock Up 0.1%

Shares of NYSE:KMX traded up $0.04 during mid-day trading on Tuesday, hitting $61.42. 2,237,942 shares of the company traded hands, compared to its average volume of 2,476,621. The firm has a market cap of $9.22 billion, a P/E ratio of 16.97, a PEG ratio of 1.00 and a beta of 1.35. The company has a debt-to-equity ratio of 2.86, a quick ratio of 0.80 and a current ratio of 2.39. CarMax, Inc. has a 52-week low of $54.53 and a 52-week high of $91.25. The firm's 50 day simple moving average is $61.00 and its 200 day simple moving average is $66.74.

CarMax (NYSE:KMX - Get Free Report) last announced its earnings results on Friday, June 20th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.18 by $0.20. The business had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.58 billion. CarMax had a return on equity of 9.11% and a net margin of 2.09%.The company's revenue was up 6.1% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. On average, equities analysts anticipate that CarMax, Inc. will post 3.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on KMX shares. Mizuho decreased their price target on CarMax from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. Royal Bank Of Canada raised their price target on CarMax from $80.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, June 23rd. Wedbush reissued an "outperform" rating and issued a $84.00 price target on shares of CarMax in a research note on Tuesday, August 19th. Truist Financial raised their price target on CarMax from $72.00 to $74.00 and gave the stock a "hold" rating in a research note on Monday, June 23rd. Finally, Morgan Stanley initiated coverage on CarMax in a research note on Tuesday, July 1st. They issued an "overweight" rating and a $80.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $81.50.

CarMax Company Profile

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.