CarMax, Inc. (NYSE:KMX) Position Increased by Strengthening Families & Communities LLC

Strengthening Families & Communities LLC raised its holdings in shares of CarMax, Inc. (NYSE:KMX) by 93.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 531 shares of the company’s stock after buying an additional 256 shares during the period. Strengthening Families & Communities LLC’s holdings in CarMax were worth $39,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in KMX. Zions Bancorporation National Association UT purchased a new position in shares of CarMax during the 1st quarter worth $27,000. Accent Capital Management LLC acquired a new position in shares of CarMax in the 1st quarter valued at $34,000. Ameriflex Group Inc. acquired a new position in shares of CarMax in the 4th quarter valued at $53,000. Colonial Trust Co SC lifted its stake in shares of CarMax by 2,310.0% in the 4th quarter. Colonial Trust Co SC now owns 723 shares of the company’s stock valued at $59,000 after purchasing an additional 693 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of CarMax by 49.2% in the 1st quarter. Blue Trust Inc. now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 296 shares during the last quarter.

Insiders Place Their Bets

In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $70.64, for a total transaction of $108,785.60. Following the sale, the executive vice president owned 2,779 shares in the company, valued at $196,308.56. This represents a 35.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KMX has been the topic of several recent analyst reports. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $92.00 price target on shares of CarMax in a research note on Monday, June 23rd. Evercore ISI decreased their price target on CarMax from $85.00 to $84.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 28th. Truist Financial upped their price target on CarMax from $72.00 to $74.00 and gave the company a “hold” rating in a research note on Monday, June 23rd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $90.00 price target on shares of CarMax in a research note on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CarMax presently has an average rating of “Moderate Buy” and a consensus price target of $83.08.

CarMax Price Performance

Shares of NYSE KMX opened at $54.94 on Monday. The stock’s 50-day moving average is $64.06 and its two-hundred day moving average is $70.66. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80. CarMax, Inc. has a 1-year low of $54.53 and a 1-year high of $91.25. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 15.18, a price-to-earnings-growth ratio of 0.89 and a beta of 1.36.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.20. CarMax had a return on equity of 9.11% and a net margin of 2.09%. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the prior year, the business earned $0.97 EPS. CarMax’s revenue was up 6.1% on a year-over-year basis. Analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal 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.