Hsbc Holdings PLC Buys Shares of 23,992 CarMax, Inc. $KMX

Hsbc Holdings PLC purchased a new stake in shares of CarMax, Inc. (NYSE:KMX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 23,992 shares of the company’s stock, valued at approximately $1,260,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CarMax by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of CarMax by 3.1% in the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares during the period. Empowered Funds LLC boosted its holdings in shares of CarMax by 12.5% in the first quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock worth $411,000 after buying an additional 585 shares during the last quarter. Intech Investment Management LLC boosted its holdings in shares of CarMax by 61.7% in the first quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock worth $1,492,000 after buying an additional 7,307 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of CarMax in the first quarter worth approximately $727,000.

Insider Buying and Selling

In other CarMax news, Director Sona Chawla purchased 2,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average cost of $53.39 per share, for a total transaction of $106,780.00. Following the purchase, the director directly owned 21,702 shares of the company’s stock, valued at $1,158,669.78. This trade represents a 10.15% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Keith Barr purchased 9,400 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was acquired at an average price of $53.01 per share, with a total value of $498,294.00. Following the completion of the purchase, the chief executive officer directly owned 33,375 shares in the company, valued at $1,769,208.75. This trade represents a 39.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 13,900 shares of company stock worth $735,574. 1.01% of the stock is owned by corporate insiders.

CarMax Trading Down 1.4%

Shares of KMX stock opened at $61.26 on Tuesday. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.82 and a current ratio of 2.70. The stock has a fifty day simple moving average of $56.97 and a two-hundred day simple moving average of $47.70. The firm has a market capitalization of $8.69 billion, a PE ratio of 40.04, a PEG ratio of 2.84 and a beta of 1.15. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $65.28.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, beating the consensus estimate of $0.96 by $0.35. The business had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.38 earnings per share. On average, analysts predict that CarMax, Inc. will post 2.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on KMX shares. Weiss Ratings raised shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 20th. Morgan Stanley lifted their price target on shares of CarMax from $35.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. Benchmark reiterated a “hold” rating on shares of CarMax in a research note on Thursday, June 18th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price objective for the company in a research report on Thursday, June 18th. Finally, Mizuho upped their price objective on CarMax from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $51.00.

CarMax Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.