WCG Wealth Advisors LLC Increases Stock Position in CarMax, Inc. (NYSE:KMX)

WCG Wealth Advisors LLC lifted its stake in CarMax, Inc. (NYSE:KMX) by 14.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,508 shares of the company’s stock after acquiring an additional 5,740 shares during the quarter. WCG Wealth Advisors LLC’s holdings in CarMax were worth $3,264,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in KMX. CANADA LIFE ASSURANCE Co boosted its position in CarMax by 29.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock worth $14,573,000 after purchasing an additional 37,660 shares during the last quarter. Fairview Capital Investment Management LLC boosted its holdings in shares of CarMax by 7.0% in the fourth quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock worth $19,302,000 after buying an additional 16,438 shares during the last quarter. Quadrature Capital Ltd bought a new stake in CarMax during the fourth quarter valued at approximately $5,637,000. State Board of Administration of Florida Retirement System increased its holdings in CarMax by 10.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock valued at $16,238,000 after buying an additional 17,557 shares during the last quarter. Finally, First Pacific Advisors LP raised its position in CarMax by 1.2% in the fourth quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock worth $178,923,000 after acquiring an additional 28,095 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KMX. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research report on Tuesday. Morgan Stanley restated an “overweight” rating and issued a $80.00 price target on shares of CarMax in a research report on Friday, June 21st. StockNews.com raised CarMax to a “sell” rating in a research report on Friday, July 26th. Mizuho reduced their target price on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Finally, Truist Financial lifted their price target on shares of CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a report on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $76.25.

Insider Buying and Selling at CarMax

In related news, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Mohammad Shamim sold 25,000 shares of CarMax stock in a transaction on Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the completion of the sale, the executive vice president now directly owns 11,738 shares in the company, valued at $965,567.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at approximately $72,097.70. The disclosure for this sale can be found here. Insiders have sold a total of 185,243 shares of company stock worth $14,893,042 over the last ninety days. Company insiders own 1.66% of the company’s stock.

CarMax Stock Down 2.7 %

KMX opened at $77.21 on Thursday. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The firm has a 50-day simple moving average of $80.40 and a two-hundred day simple moving average of $76.53. The company has a market capitalization of $12.05 billion, a PE ratio of 30.16, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69.

CarMax (NYSE:KMX) last released its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The business had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter last year, the business posted $1.16 EPS. The firm’s revenue for the quarter was down 7.5% compared to the same quarter last year. Analysts forecast that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

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.