CarMax, Inc. (NYSE:KMX) Shares Purchased by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. raised its position in CarMax, Inc. (NYSE:KMX) by 23.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,331 shares of the company’s stock after purchasing an additional 6,784 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in CarMax were worth $2,791,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co raised its stake in CarMax by 29.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock valued at $14,573,000 after acquiring an additional 37,660 shares in the last quarter. Fairview Capital Investment Management LLC lifted its holdings in 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 purchasing an additional 16,438 shares during the period. Quadrature Capital Ltd bought a new position in CarMax in the 4th quarter valued at about $5,637,000. State Board of Administration of Florida Retirement System grew its position in CarMax by 10.4% in the 1st 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 in the last quarter. Finally, First Pacific Advisors LP increased its stake in CarMax by 1.2% during the 4th quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock valued at $178,923,000 after buying an additional 28,095 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently issued reports on KMX shares. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a report on Tuesday, September 17th. JPMorgan Chase & Co. increased their price target on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. StockNews.com raised CarMax to a “sell” rating in a research note on Friday, July 26th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 target price on shares of CarMax in a research note on Monday, June 24th. Finally, Argus upgraded shares of CarMax to a “hold” rating in a research report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, CarMax has an average rating of “Hold” and a consensus target price of $77.50.

CarMax Stock Performance

CarMax stock opened at $76.45 on Tuesday. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The firm’s 50 day simple moving average is $80.15 and its 200-day simple moving average is $76.43. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. The company has a market cap of $11.93 billion, a P/E ratio of 29.86, a price-to-earnings-growth ratio of 1.53 and a beta of 1.69.

CarMax (NYSE:KMX) last posted its quarterly earnings data 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. The firm had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 EPS. As a group, equities research analysts predict that CarMax, Inc. will post 2.99 EPS for the current year.

Insider Transactions at CarMax

In related news, SVP Jon G. Daniels sold 1,231 shares of the 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 completion of the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $72,097.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $14,465,600.46. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 value of $89,198.26. Following the sale, the senior vice president now owns 995 shares of the company’s stock, valued at $72,097.70. The disclosure for this sale can be found here. Insiders sold a total of 185,243 shares of company stock valued at $14,893,042 over the last quarter. Company insiders own 1.66% of the company’s stock.

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.