SG Americas Securities LLC Acquires 5,808 Shares of CarMax, Inc. (NYSE:KMX)

SG Americas Securities LLC raised its stake in CarMax, Inc. (NYSE:KMX - Free Report) by 105.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,303 shares of the company's stock after purchasing an additional 5,808 shares during the period. SG Americas Securities LLC's holdings in CarMax were worth $881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC increased its stake in CarMax by 10.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 3,191 shares of the company's stock valued at $261,000 after purchasing an additional 307 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of CarMax by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company's stock valued at $426,000 after acquiring an additional 1,396 shares during the period. B. Metzler seel. Sohn & Co. AG raised its stake in CarMax by 128.6% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 8,793 shares of the company's stock worth $719,000 after acquiring an additional 4,947 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in CarMax in the fourth quarter valued at approximately $240,000. Finally, Merit Financial Group LLC lifted its position in CarMax by 79.0% during the first quarter. Merit Financial Group LLC now owns 13,129 shares of the company's stock valued at $1,023,000 after purchasing an additional 5,796 shares during the period.

CarMax Price Performance

NYSE:KMX traded up $4.03 during trading hours on Friday, reaching $68.36. 4,603,033 shares of the company's stock were exchanged, compared to its average volume of 2,327,594. CarMax, Inc. has a 12 month low of $61.34 and a 12 month high of $91.25. The business's 50-day simple moving average is $65.60 and its two-hundred day simple moving average is $75.58. The company has a quick ratio of 0.52, a current ratio of 2.31 and a debt-to-equity ratio of 2.91. The company has a market capitalization of $10.44 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.38.

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, topping analysts' consensus estimates of $1.18 by $0.20. The firm 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 8.22% and a net margin of 1.90%. The firm's revenue was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 earnings per share. Sell-side analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KMX shares. Evercore ISI cut their price objective on shares of CarMax from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Robert W. Baird dropped their price target on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Royal Bank Of Canada reissued an "underperform" rating on shares of CarMax in a research report on Monday, April 21st. Wedbush reaffirmed an "outperform" rating and set a $90.00 price target on shares of CarMax in a research note on Wednesday. Finally, Wall Street Zen raised CarMax from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CarMax presently has an average rating of "Hold" and a consensus target price of $85.82.

Insiders Place Their Bets

In other news, Director Mitchell D. Steenrod acquired 1,300 shares of the company's stock in a transaction on Thursday, April 24th. The stock was purchased at an average cost of $65.49 per share, with a total value of $85,137.00. Following the acquisition, the director now owns 33,577 shares of the company's stock, valued at $2,198,957.73. This trade represents a 4.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.70% of the company's stock.

CarMax 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.