CarMax, Inc. (NYSE:KMX) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 105.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC boosted its position in CarMax by 348.0% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 6,595,067 shares of the company's stock valued at $539,213,000 after acquiring an additional 5,122,850 shares in the last quarter. Norges Bank purchased a new stake in shares of CarMax during the 4th quarter worth $423,187,000. Janus Henderson Group PLC lifted its stake in shares of CarMax by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 4,671,950 shares of the company's stock worth $381,978,000 after purchasing an additional 29,715 shares during the last quarter. Geode Capital Management LLC boosted its position in CarMax by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 3,710,267 shares of the company's stock valued at $302,564,000 after purchasing an additional 47,058 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in CarMax by 4.3% in the fourth quarter. Baird Financial Group Inc. now owns 2,887,526 shares of the company's stock valued at $236,084,000 after purchasing an additional 119,666 shares during the last quarter.

Insider Buying and Selling at CarMax

In other CarMax news, Director Mitchell D. Steenrod purchased 1,300 shares of the stock in a transaction on Thursday, April 24th. The shares were bought at an average cost of $65.49 per share, with a total value of $85,137.00. Following the completion of the acquisition, the director now owns 33,577 shares in the company, valued at $2,198,957.73. This trade represents a 4.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company's stock.

CarMax Stock Performance

CarMax stock traded up $4.33 during trading hours on Friday, hitting $68.66. 12,454,419 shares of the stock traded hands, compared to its average volume of 2,333,207. The firm's 50 day moving average price is $65.60 and its 200-day moving average price is $75.41. The company has a debt-to-equity ratio of 2.91, a current ratio of 2.31 and a quick ratio of 0.52. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 18.97, a P/E/G ratio of 1.14 and a beta of 1.38. CarMax, Inc. has a 1 year low of $61.34 and a 1 year high of $91.25.

CarMax (NYSE:KMX - Get Free Report) last released its earnings results on Friday, June 20th. The company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.20. CarMax had a return on equity of 8.22% and a net margin of 1.90%. The firm had revenue of $7.55 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. The company's revenue was up 6.1% compared to the same quarter last year. As a group, equities analysts expect that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on KMX shares. Royal Bank Of Canada reiterated an "underperform" rating on shares of CarMax in a report on Monday, April 21st. Wedbush reiterated an "outperform" rating and set a $90.00 price objective on shares of CarMax in a research note on Wednesday. Cfra Research raised shares of CarMax to a "strong-buy" rating in a research report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on shares of CarMax from $72.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, March 27th. Finally, Robert W. Baird reduced their price target on CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $86.40.

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.