World Investment Advisors Increases Position in CarMax, Inc. (NYSE:KMX)

World Investment Advisors lifted its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 16.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.

Other institutional investors also recently bought and sold shares of the company. IFM Investors Pty Ltd boosted its stake in CarMax by 11.5% in the 1st quarter. IFM Investors Pty Ltd now owns 28,788 shares of the company's stock worth $2,228,000 after buying an additional 2,978 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of CarMax by 5.6% during the 1st quarter. OneDigital Investment Advisors LLC now owns 11,932 shares of the company's stock valued at $930,000 after buying an additional 631 shares during the period. D.A. Davidson & CO. raised its holdings in shares of CarMax by 2.7% during the 1st quarter. D.A. Davidson & CO. now owns 12,203 shares of the company's stock valued at $951,000 after buying an additional 325 shares during the period. Teacher Retirement System of Texas purchased a new stake in CarMax during the 1st quarter worth approximately $1,753,000. Finally, WCM Investment Management LLC increased its holdings in 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 purchasing an additional 1,411 shares during the last quarter.

CarMax Stock Performance

Shares of CarMax stock traded down $1.64 on Friday, hitting $69.94. The stock had a trading volume of 1,313,519 shares, compared to its average volume of 2,395,600. CarMax, Inc. has a twelve month low of $61.34 and a twelve month high of $91.25. The business's 50 day moving average is $66.28 and its two-hundred day moving average is $74.29. 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 cap of $10.50 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 1.15 and a beta of 1.38.

CarMax (NYSE:KMX - Get Free Report) last released its earnings results on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.20. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The firm had revenue of $7.55 billion during the quarter, compared to analysts' expectations of $7.58 billion. During the same period in the prior year, the company earned $0.97 earnings per share. The company's quarterly revenue was up 6.1% on a year-over-year basis. Analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Insiders Place Their Bets

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the stock in a transaction dated Wednesday, July 2nd. The stock was 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 directly owned 2,779 shares in the company, valued at approximately $196,308.56. This trade represents a 35.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mitchell D. Steenrod purchased 1,300 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was acquired at an average cost of $65.49 per share, for a total transaction of $85,137.00. Following the transaction, the director owned 33,577 shares in the company, valued at $2,198,957.73. This represents a 4.03% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.70% of the company's stock.

Wall Street Analysts Forecast Growth

KMX has been the subject of a number of research analyst reports. Truist Financial boosted their price target on CarMax from $72.00 to $74.00 and gave the company a "hold" rating in a report on Monday, June 23rd. Robert W. Baird reduced their price objective on CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Wall Street Zen upgraded CarMax from a "sell" rating to a "hold" rating in a research report on Wednesday, May 7th. Mizuho dropped their price objective on CarMax from $80.00 to $78.00 and set a "neutral" rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. dropped their price objective on CarMax from $72.00 to $65.00 and set an "underweight" rating on the stock in a research note on Thursday, March 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $84.45.

About CarMax

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.