CarMax, Inc. (NYSE:KMX) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in CarMax, Inc. (NYSE:KMX) by 38.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,138 shares of the company’s stock after acquiring an additional 1,429 shares during the period. GAMMA Investing LLC’s holdings in CarMax were worth $398,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bain Capital Public Equity LP acquired a new position in shares of CarMax in the 4th quarter valued at about $2,303,000. Bain Capital Public Equity Management II LLC acquired a new position in CarMax during the fourth quarter valued at approximately $18,058,000. Voisard Asset Management Group Inc. purchased a new stake in CarMax during the fourth quarter worth approximately $106,000. V Square Quantitative Management LLC increased its position in shares of CarMax by 18.9% in the fourth quarter. V Square Quantitative Management LLC now owns 4,104 shares of the company’s stock worth $315,000 after acquiring an additional 651 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of CarMax by 3.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 6,010 shares of the company’s stock valued at $461,000 after acquiring an additional 174 shares during the period.

Analyst Ratings Changes

Several analysts recently issued reports on KMX shares. Truist Financial increased their price target on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a report on Monday, September 23rd. StockNews.com upgraded CarMax to a “sell” rating in a report on Friday, July 26th. Morgan Stanley restated an “overweight” rating and issued a $80.00 price target on shares of CarMax in a report on Friday, June 21st. Royal Bank of Canada lifted their price objective on shares of CarMax from $75.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Finally, Wedbush reaffirmed an “outperform” rating and set a $95.00 price target on shares of CarMax in a report on Tuesday, September 17th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $79.45.

CarMax Trading Down 1.3 %

NYSE KMX opened at $71.20 on Thursday. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 1.56 and a beta of 1.68. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The company’s fifty day moving average price is $78.43 and its two-hundred day moving average price is $75.86.

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

Insider Activity

In related news, COO Charles Joseph Wilson sold 10,021 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the transaction, the chief operating officer now directly owns 15,609 shares in the company, valued at $1,249,032.18. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 11,738 shares in the company, valued at $965,567.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Charles Joseph Wilson sold 10,021 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at $1,249,032.18. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 64,012 shares of company stock worth $5,249,443. 1.66% of the stock is currently owned by insiders.

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.