abrdn plc Purchases 27,307 Shares of CarMax, Inc. (NYSE:KMX)

abrdn plc boosted its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 70.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 66,217 shares of the company's stock after acquiring an additional 27,307 shares during the quarter. abrdn plc's holdings in CarMax were worth $5,081,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in KMX. ProVise Management Group LLC lifted its position in shares of CarMax by 31.5% during the 3rd quarter. ProVise Management Group LLC now owns 58,701 shares of the company's stock worth $4,152,000 after buying an additional 14,052 shares in the last quarter. Montag A & Associates Inc. lifted its position in shares of CarMax by 61.6% during the 3rd quarter. Montag A & Associates Inc. now owns 49,985 shares of the company's stock worth $3,535,000 after buying an additional 19,056 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of CarMax by 8.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 235,544 shares of the company's stock worth $18,076,000 after buying an additional 18,914 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of CarMax by 6.9% during the 3rd quarter. Corient Private Wealth LLC now owns 934,259 shares of the company's stock worth $66,080,000 after buying an additional 60,604 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of CarMax by 3.1% during the 3rd quarter. Invesco Ltd. now owns 2,938,541 shares of the company's stock worth $207,843,000 after buying an additional 88,488 shares in the last quarter.

Insider Activity

In other news, EVP Diane L. Cafritz sold 15,356 shares of the business's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the completion of the transaction, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Jill A. Livesay sold 14,199 shares of the business's stock in a transaction on Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the transaction, the vice president now directly owns 9,068 shares in the company, valued at approximately $642,830.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Diane L. Cafritz sold 15,356 shares of the business's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total transaction of $1,067,702.68. Following the transaction, the executive vice president now owns 6,977 shares of the company's stock, valued at $485,110.81. The disclosure for this sale can be found here. Company insiders own 1.66% of the company's stock.

CarMax Stock Performance

CarMax stock traded up $0.37 during mid-day trading on Friday, reaching $69.59. The company's stock had a trading volume of 2,625,796 shares, compared to its average volume of 2,927,940. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The company has a market capitalization of $10.95 billion, a P/E ratio of 22.97, a PEG ratio of 1.16 and a beta of 1.61. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The firm's fifty day moving average price is $77.98 and its two-hundred day moving average price is $72.14.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion during the quarter, compared to analysts' expectations of $5.76 billion. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The firm's quarterly revenue was down 1.7% on a year-over-year basis. Sell-side analysts predict that CarMax, Inc. will post 3.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Needham & Company LLC dropped their target price on shares of CarMax from $99.00 to $91.00 and set a "buy" rating on the stock in a research report on Friday, April 12th. Robert W. Baird decreased their price target on shares of CarMax from $88.00 to $84.00 and set an "outperform" rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. decreased their price target on shares of CarMax from $60.00 to $55.00 and set an "underweight" rating for the company in a research note on Monday, April 15th. Oppenheimer restated an "outperform" rating and set a $105.00 price target on shares of CarMax in a research note on Tuesday, April 9th. Finally, Truist Financial decreased their price target on shares of CarMax from $75.00 to $72.00 and set a "hold" rating for the company in a research note on Friday, April 12th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, CarMax currently has a consensus rating of "Hold" and a consensus target price of $77.42.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.