Hsbc Holdings PLC Grows Stock Holdings in CarMax, Inc. (NYSE:KMX)

Hsbc Holdings PLC increased its position in CarMax, Inc. (NYSE:KMX) by 20.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 210,889 shares of the company’s stock after buying an additional 35,923 shares during the period. Hsbc Holdings PLC owned about 0.14% of CarMax worth $15,463,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of KMX. CANADA LIFE ASSURANCE Co boosted its stake in shares of 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 acquiring an additional 37,660 shares during the period. Fairview Capital Investment Management LLC grew its holdings in CarMax by 7.0% during the 4th quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock valued at $19,302,000 after buying an additional 16,438 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of CarMax during the fourth quarter valued at approximately $5,637,000. State Board of Administration of Florida Retirement System raised its position in shares of 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 lifted its holdings in shares of 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 buying an additional 28,095 shares in the last quarter.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wedbush reaffirmed an “outperform” rating and set a $95.00 target price on shares of CarMax in a research note on Tuesday, September 17th. Argus upgraded CarMax to a “hold” rating in a research report on Tuesday, June 25th. Royal Bank of Canada increased their price target on CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a research note on Monday, June 24th. Oppenheimer reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of CarMax in a research note on Monday, June 24th. Finally, StockNews.com upgraded CarMax to a “sell” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $77.08.

Insider Buying and Selling

In other CarMax news, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the transaction, the chief executive officer now owns 181,683 shares in the company, valued at $14,465,600.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO William D. Nash sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the sale, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $14,465,600.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP John M. Stuckey III sold 19,673 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $82.01, for a total value of $1,613,382.73. Following the transaction, the senior vice president now owns 969 shares of the company’s stock, valued at approximately $79,467.69. The disclosure for this sale can be found here. Insiders have sold 185,243 shares of company stock valued at $14,893,042 in the last ninety days. 1.66% of the stock is owned by company insiders.

CarMax Stock Performance

NYSE:KMX opened at $76.10 on Monday. The firm has a market capitalization of $11.88 billion, a PE ratio of 29.73, a PEG ratio of 1.53 and a beta of 1.69. The stock’s fifty day moving average is $80.26 and its 200 day moving average is $76.46. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50.

CarMax (NYSE:KMX) last announced its 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. The business had revenue of $7.11 billion for the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. On average, sell-side analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current 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.