WINTON GROUP Ltd Acquires 24,977 Shares of CarMax, Inc. $KMX

WINTON GROUP Ltd grew its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 181.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,780 shares of the company's stock after buying an additional 24,977 shares during the quarter. WINTON GROUP Ltd's holdings in CarMax were worth $2,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. CYBER HORNET ETFs LLC acquired a new position in CarMax during the 2nd quarter valued at about $28,000. MUFG Securities EMEA plc bought a new stake in CarMax during the 2nd quarter worth approximately $30,000. Global Retirement Partners LLC purchased a new stake in shares of CarMax in the second quarter worth approximately $29,000. Basecamp Wealth Advisors LLC lifted its holdings in shares of CarMax by 105.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company's stock valued at $26,000 after purchasing an additional 327 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of CarMax by 62.4% in the fourth quarter. Huntington National Bank now owns 690 shares of the company's stock valued at $27,000 after purchasing an additional 265 shares in the last quarter.

Insider Transactions at CarMax

In related news, CEO Keith Barr purchased 9,400 shares of CarMax stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average price of $53.01 per share, for a total transaction of $498,294.00. Following the completion of the transaction, the chief executive officer owned 33,375 shares in the company, valued at $1,769,208.75. This represents a 39.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sona Chawla acquired 2,000 shares of the firm's stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $53.39 per share, with a total value of $106,780.00. Following the acquisition, the director directly owned 21,702 shares of the company's stock, valued at $1,158,669.78. The trade was a 10.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 13,900 shares of company stock worth $735,574 in the last ninety days. Company insiders own 1.01% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KMX. Barclays upgraded CarMax from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $37.00 to $61.00 in a report on Tuesday, July 21st. Benchmark reaffirmed a "hold" rating on shares of CarMax in a report on Thursday, June 18th. Truist Financial upped their target price on shares of CarMax from $47.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, June 18th. Mizuho increased their target price on shares of CarMax from $38.00 to $43.00 and gave the company a "neutral" rating in a report on Thursday, June 18th. Finally, UBS Group set a $60.00 price target on shares of CarMax in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, CarMax presently has an average rating of "Hold" and an average target price of $51.00.

CarMax Stock Performance

Shares of KMX opened at $61.47 on Friday. The stock has a 50 day moving average of $58.70 and a 200 day moving average of $48.82. The company has a market capitalization of $8.72 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 2.77 and a beta of 1.17. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $65.28. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87.

CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.35. The business had revenue of $8.01 billion for the quarter, compared to analysts' expectations of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The business's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.38 earnings per share. As a group, sell-side analysts forecast that CarMax, Inc. will post 2.73 earnings per share for the current year.

CarMax Company Profile

CarMax, Inc is a specialty retailer of used vehicles and one of the largest automotive retailers in the United States. The company sells a broad selection of used cars, trucks and sport utility vehicles through its retail locations and online platform. CarMax also purchases vehicles from consumers and other sources, providing customers with a streamlined alternative to traditional private-party sales.

In addition to retail sales, CarMax operates wholesale vehicle auctions for vehicles that do not meet its retail standards or business requirements.

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