World Investment Advisors Acquires 14,787 Shares of CarMax, Inc. (NYSE:KMX)

World Investment Advisors grew its position in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 16.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,369 shares of the company's stock after buying an additional 14,787 shares during the quarter. World Investment Advisors owned 0.07% of CarMax worth $8,055,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. IFM Investors Pty Ltd boosted its holdings in CarMax by 11.5% in the first quarter. IFM Investors Pty Ltd now owns 28,788 shares of the company's stock worth $2,228,000 after purchasing an additional 2,978 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in CarMax by 5.6% in the first quarter. OneDigital Investment Advisors LLC now owns 11,932 shares of the company's stock worth $930,000 after purchasing an additional 631 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in CarMax by 2.7% in the first quarter. D.A. Davidson & CO. now owns 12,203 shares of the company's stock worth $951,000 after purchasing an additional 325 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in CarMax in the first quarter worth approximately $1,753,000. Finally, WCM Investment Management LLC boosted its stake in shares of CarMax by 3.8% during the 1st quarter. WCM Investment Management LLC now owns 38,794 shares of the company's stock worth $2,948,000 after acquiring an additional 1,411 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Mitchell D. Steenrod purchased 1,300 shares of CarMax stock in a transaction on Thursday, April 24th. The shares were bought at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the acquisition, the director owned 33,577 shares in the company, valued at approximately $2,198,957.73. The trade was a 4.03% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jon G. Daniels sold 1,540 shares of CarMax 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 completion of the sale, the executive vice president owned 2,779 shares in the company, valued at approximately $196,308.56. This represents a 35.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.70% of the company's stock.

CarMax Price Performance

NYSE KMX traded down $0.40 on Tuesday, reaching $68.38. The company had a trading volume of 3,063,149 shares, compared to its average volume of 2,403,053. The company has a quick ratio of 0.80, a current ratio of 2.39 and a debt-to-equity ratio of 2.86. The stock has a market capitalization of $10.26 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.12 and a beta of 1.38. The firm's 50 day moving average price is $66.43 and its 200 day moving average price is $74.03. CarMax, Inc. has a 12 month low of $61.34 and a 12 month high of $91.25.

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on KMX. 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 research note on Monday, June 23rd. Robert W. Baird dropped their price target on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Cfra Research upgraded shares of CarMax to a "strong-buy" rating in a research note on Thursday, April 10th. Stephens upgraded shares of CarMax from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $86.00 to $90.00 in a research note on Wednesday, March 26th. Finally, Mizuho dropped their price target on shares of CarMax from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday, July 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $84.45.

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.