Van Lanschot Kempen Investment Management N.V. Boosts Holdings in CarMax, Inc. $KMX

Key Points

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Van Lanschot Kempen Investment Management N.V. grew its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 1.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,315,481 shares of the company's stock after acquiring an additional 16,836 shares during the period. CarMax comprises approximately 1.1% of Van Lanschot Kempen Investment Management N.V.'s investment portfolio, making the stock its 25th biggest holding. Van Lanschot Kempen Investment Management N.V. owned approximately 0.86% of CarMax worth $102,502,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of KMX. Redmond Asset Management LLC raised its stake in CarMax by 0.3% in the first quarter. Redmond Asset Management LLC now owns 50,803 shares of the company's stock worth $3,959,000 after buying an additional 152 shares in the last quarter. Maia Wealth LLC raised its stake in CarMax by 0.6% in the first quarter. Maia Wealth LLC now owns 26,099 shares of the company's stock worth $2,034,000 after buying an additional 157 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in CarMax by 5.5% in the first quarter. Sequoia Financial Advisors LLC now owns 3,367 shares of the company's stock worth $262,000 after buying an additional 176 shares in the last quarter. Nicolet Advisory Services LLC raised its stake in CarMax by 6.3% in the first quarter. Nicolet Advisory Services LLC now owns 3,576 shares of the company's stock worth $279,000 after buying an additional 212 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in CarMax by 3.8% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,590 shares of the company's stock worth $513,000 after buying an additional 243 shares in the last quarter.

Insider Buying and Selling at CarMax

In other news, EVP Jon G. Daniels sold 1,540 shares of the business's stock in a transaction 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 sale, the executive vice president directly owned 2,779 shares of the company's stock, valued at $196,308.56. The trade was a 35.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.70% of the stock is owned by company insiders.

CarMax Stock Performance

Shares of KMX traded up $2.1260 during trading hours on Friday, reaching $60.0160. 1,811,819 shares of the company traded hands, compared to its average volume of 2,933,518. The stock has a market capitalization of $9.01 billion, a P/E ratio of 16.58, a P/E/G ratio of 0.94 and a beta of 1.36. The company has a quick ratio of 0.80, a current ratio of 2.39 and a debt-to-equity ratio of 2.86. CarMax, Inc. has a 12-month low of $54.53 and a 12-month high of $91.25. The business has a fifty day moving average price of $62.53 and a 200-day moving average price of $69.17.

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wedbush reissued an "outperform" rating and issued a $84.00 price objective on shares of CarMax in a research note on Tuesday. Truist Financial lifted their price target on shares of CarMax from $72.00 to $74.00 and gave the stock a "hold" rating in a report on Monday, June 23rd. JPMorgan Chase & Co. raised shares of CarMax from an "underweight" rating to a "neutral" rating and cut their price target for the stock from $65.00 to $58.00 in a report on Wednesday, August 6th. Morgan Stanley began coverage on shares of CarMax in a report on Tuesday, July 1st. They issued an "overweight" rating and a $80.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 price target on shares of CarMax in a report on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently 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.