Blackhawk Capital Partners LLC Increases Holdings in CarMax, Inc. $KMX

Blackhawk Capital Partners LLC boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 32.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 39,118 shares of the company’s stock after purchasing an additional 9,569 shares during the period. Blackhawk Capital Partners LLC’s holdings in CarMax were worth $1,627,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC grew its position in shares of CarMax by 61.7% during the 1st quarter. Sanctuary Advisors LLC now owns 11,853 shares of the company’s stock valued at $493,000 after acquiring an additional 4,522 shares during the period. Calamos Wealth Management LLC purchased a new position in CarMax in the first quarter valued at approximately $293,000. Calamos Advisors LLC bought a new position in CarMax during the first quarter valued at $293,000. Chicago Partners Investment Group LLC grew its holdings in CarMax by 85.8% during the first quarter. Chicago Partners Investment Group LLC now owns 20,151 shares of the company’s stock valued at $798,000 after purchasing an additional 9,308 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new stake in CarMax in the first quarter worth $378,000.

CarMax Trading Up 5.7%

Shares of KMX opened at $58.93 on Thursday. The stock has a market capitalization of $8.36 billion, a P/E ratio of 38.52, a PEG ratio of 1.80 and a beta of 1.17. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $63.76. The company has a quick ratio of 0.82, a current ratio of 2.70 and a debt-to-equity ratio of 2.87. The firm has a fifty day simple moving average of $47.02 and a two-hundred day simple moving average of $44.31.

CarMax (NYSE:KMX) last released its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.35. The firm had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.38 earnings per share. On average, research analysts anticipate that CarMax, Inc. will post 2.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on KMX shares. Evercore set a $45.00 price target on CarMax in a research report on Friday, April 10th. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a report on Saturday, June 13th. Bank of America lifted their price objective on CarMax from $40.00 to $45.00 and gave the company an “underperform” rating in a research note on Wednesday, June 17th. Robert W. Baird increased their price target on shares of CarMax from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, Mizuho raised their price objective on CarMax from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $47.73.

Insider Activity at CarMax

In other CarMax news, Director Peter J. Bensen acquired 2,500 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were purchased at an average cost of $52.20 per share, for a total transaction of $130,500.00. Following the transaction, the director owned 24,796 shares in the company, valued at $1,294,351.20. This represents a 11.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keith Barr bought 9,400 shares of CarMax stock in a transaction dated Monday, June 22nd. The shares were acquired at an average cost of $53.01 per share, for a total transaction of $498,294.00. Following the completion of the purchase, the chief executive officer directly owned 33,375 shares of the company’s stock, valued at approximately $1,769,208.75. This trade represents a 39.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 13,900 shares of company stock worth $735,574 in the last 90 days. Company insiders own 1.01% of the company’s stock.

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.