Man Group plc bought a new position in CarMax, Inc. (NYSE:KMX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 182,434 shares of the company's stock, valued at approximately $9,649,000. Man Group plc owned about 0.13% of CarMax as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company's stock valued at $419,000 after purchasing an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company's stock worth $2,446,000 after buying an additional 173 shares during the period. Huntington National Bank raised its holdings in CarMax by 62.4% during the 4th quarter. Huntington National Bank now owns 690 shares of the company's stock worth $27,000 after buying an additional 265 shares during the period. Ossiam lifted its stake in CarMax by 19.5% during the second quarter. Ossiam now owns 1,713 shares of the company's stock valued at $115,000 after buying an additional 280 shares in the last quarter. Finally, Swiss Life Asset Management Ltd lifted its stake in CarMax by 4.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 7,028 shares of the company's stock valued at $272,000 after buying an additional 298 shares in the last quarter.
CarMax Trading Down 1.1%
NYSE:KMX opened at $61.96 on Friday. The stock has a market cap of $8.79 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.87 and a beta of 1.15. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $65.28. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82. The stock's 50-day moving average is $56.79 and its two-hundred day moving average is $47.58.
CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.35. The business had revenue of $8.01 billion during the quarter, compared to analyst estimates of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The firm's revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.38 earnings per share. As a group, equities research analysts forecast that CarMax, Inc. will post 2.73 earnings per share for the current fiscal year.
Insider Buying and Selling at CarMax
In related news, Director Sona Chawla purchased 2,000 shares of the stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost 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 approximately $1,158,669.78. The trade was a 10.15% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Peter J. Bensen purchased 2,500 shares of the stock in a transaction dated Monday, June 22nd. The shares were bought at an average price of $52.20 per share, for a total transaction of $130,500.00. Following the completion of the acquisition, the director owned 24,796 shares in the company, valued at $1,294,351.20. This represents a 11.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have purchased 13,900 shares of company stock worth $735,574. 1.01% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Zacks Research raised shares of CarMax from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 11th. Morgan Stanley upped their price target on shares of CarMax from $35.00 to $44.00 and gave the company an "equal weight" rating in a research report on Tuesday, June 23rd. UBS Group set a $60.00 price objective on shares of CarMax in a research note on Wednesday, July 29th. Mizuho lifted their price objective on shares of CarMax from $38.00 to $43.00 and gave the stock a "neutral" rating in a research report on Thursday, June 18th. Finally, Truist Financial boosted their target price on shares of CarMax from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, June 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, CarMax presently has a consensus rating of "Hold" and a consensus target price of $51.00.
Check Out Our Latest Report on CarMax
CarMax Company Profile
(
Free Report)
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.
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