CarMax, Inc. (NYSE:KMX) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,007,426 shares of the company’s stock after purchasing an additional 51,397 shares during the period. Dimensional Fund Advisors LP owned approximately 1.29% of CarMax worth $147,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Baker Tilly Wealth Management LLC lifted its position in shares of CarMax by 4.6% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock valued at $217,000 after acquiring an additional 130 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of CarMax by 6.5% during the first quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock valued at $188,000 after purchasing an additional 131 shares during the last quarter. Peoples Bank KS boosted its position in shares of CarMax by 10.0% in the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock valued at $108,000 after purchasing an additional 135 shares during the period. Allegheny Financial Group LTD increased its stake in CarMax by 4.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock worth $264,000 after purchasing an additional 143 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its holdings in CarMax by 3.0% during the 4th quarter. Chicago Partners Investment Group LLC now owns 6,010 shares of the company’s stock worth $461,000 after buying an additional 174 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KMX. Morgan Stanley restated an “overweight” rating and set a $80.00 price target on shares of CarMax in a report on Friday, June 21st. Mizuho decreased their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Needham & Company LLC dropped their price target on CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Truist Financial lifted their target price on CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a research note on Monday, June 24th. Finally, Royal Bank of Canada increased their price target on shares of CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 24th. Three research 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’s stock. Based on data from MarketBeat, CarMax currently has an average rating of “Hold” and a consensus price target of $77.08.

Insider Transactions at CarMax

In related news, SVP Jon G. Daniels sold 1,231 shares of CarMax stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 value of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at $72,097.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total value of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $14,465,600.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 185,243 shares of company stock worth $14,893,042. 1.66% of the stock is owned by insiders.

CarMax Price Performance

NYSE KMX opened at $76.10 on Friday. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The stock’s 50-day moving average is $80.26 and its two-hundred day moving average is $76.52. The firm has a market cap of $11.88 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69. 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 (NYSE:KMX) last posted its earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping 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 firm had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period in the previous year, the company earned $1.16 EPS. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

About CarMax

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.