MBB Public Markets I LLC Has $784,000 Position in CarMax, Inc. (NYSE:KMX)

MBB Public Markets I LLC boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 237.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,695 shares of the company’s stock after buying an additional 7,524 shares during the period. MBB Public Markets I LLC’s holdings in CarMax were worth $784,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of KMX. Deerfield Management Company L.P. Series C boosted its stake in shares of CarMax by 61.2% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 3,881 shares of the company’s stock valued at $285,000 after purchasing an additional 1,474 shares in the last quarter. DoubleLine ETF Adviser LP acquired a new stake in shares of CarMax in the 2nd quarter valued at $336,000. Drucker Wealth 3.0 LLC acquired a new stake in shares of CarMax in the 2nd quarter valued at $1,588,000. EVR Research LP acquired a new stake in shares of CarMax in the 2nd quarter valued at $6,601,000. Finally, APG Asset Management N.V. boosted its stake in shares of CarMax by 217.7% in the 2nd quarter. APG Asset Management N.V. now owns 18,387 shares of the company’s stock valued at $1,258,000 after purchasing an additional 12,600 shares in the last quarter.

CarMax Stock Performance

CarMax stock opened at $78.17 on Wednesday. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The company has a market cap of $12.20 billion, a PE ratio of 30.54, a PEG ratio of 1.56 and a beta of 1.69. The company’s 50-day moving average is $79.60 and its two-hundred day moving average is $76.24.

CarMax (NYSE:KMX) last released its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business had revenue of $7.01 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. Equities analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on KMX shares. Needham & Company LLC boosted their target price on shares of CarMax from $87.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Mizuho reduced their price target on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Monday, June 24th. Finally, Truist Financial upped their price target on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $79.73.

Insider Buying and Selling at CarMax

In other CarMax news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the company’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total transaction of $777,680.28. Following the transaction, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,690,899.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total value of $777,680.28. Following the sale, the chief financial officer now directly owns 20,260 shares in the company, valued at approximately $1,690,899.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were 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 owns 11,738 shares in the company, valued at $965,567.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,012 shares of company stock worth $14,803,843. Company insiders own 1.66% of the company’s stock.

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.