XTX Topco Ltd Invests $1.47 Million in CarMax, Inc. (NYSE:KMX)

Key Points

• XTX Topco Ltd has acquired 18,867 shares of CarMax, Inc. for approximately $1,470,000 as part of their new position during the first quarter.
• CarMax has received a mix of ratings from analysts, including nine "buy" ratings and a current average target price of $83.67.
• The company recently reported quarterly earnings with an EPS of $1.38, which exceeded estimates, while revenue rose by 6.1% compared to the same quarter last year.

XTX Topco Ltd acquired a new stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,867 shares of the company's stock, valued at approximately $1,470,000.

Other hedge funds have also recently modified their holdings of the company. Ameriflex Group Inc. bought a new stake in shares of CarMax during the 4th quarter valued at $53,000. Colonial Trust Co SC boosted its holdings in CarMax by 2,310.0% in the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after buying an additional 693 shares during the period. Blue Trust Inc. boosted its holdings in CarMax by 49.2% in the 1st quarter. Blue Trust Inc. now owns 898 shares of the company's stock worth $70,000 after buying an additional 296 shares during the period. Parallel Advisors LLC boosted its holdings in CarMax by 38.4% in the 1st quarter. Parallel Advisors LLC now owns 937 shares of the company's stock worth $73,000 after buying an additional 260 shares during the period. Finally, True Wealth Design LLC boosted its holdings in CarMax by 123.8% in the 4th quarter. True Wealth Design LLC now owns 996 shares of the company's stock worth $81,000 after buying an additional 551 shares during the period.

CarMax Price Performance

Shares of NYSE KMX traded down $0.63 during mid-day trading on Friday, hitting $55.98. 3,828,338 shares of the company's stock traded hands, compared to its average volume of 2,868,409. The company's 50-day moving average is $64.82 and its two-hundred day moving average is $71.56. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80. The company has a market capitalization of $8.40 billion, a P/E ratio of 15.46, a PEG ratio of 0.91 and a beta of 1.36. CarMax, Inc. has a 1 year low of $55.37 and a 1 year high of $91.25.

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

Insider Activity

In related news, EVP Jon G. Daniels sold 1,540 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total value 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. This represents a 35.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KMX. Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 target price on shares of CarMax in a report on Monday, June 23rd. Cfra Research raised shares of CarMax to a "strong-buy" rating in a report on Thursday, April 10th. Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a report on Wednesday, May 7th. Evercore ISI dropped their target price on shares of CarMax from $85.00 to $84.00 and set an "outperform" rating for the company in a report on Wednesday, May 28th. Finally, Royal Bank Of Canada upped their target price on shares of CarMax from $80.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, CarMax presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.67.

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.