CarMax (NYSE:KMX) CEO Keith Barr Purchases 9,400 Shares

CarMax, Inc. (NYSE:KMX) CEO Keith Barr bought 9,400 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was bought at an average cost of $53.01 per share, for a total transaction of $498,294.00. Following the completion of the transaction, the chief executive officer directly owned 33,375 shares of the company’s stock, valued at $1,769,208.75. This trade represents a 39.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CarMax Stock Performance

Shares of KMX traded down $1.29 during midday trading on Wednesday, hitting $50.62. 4,161,796 shares of the stock traded hands, compared to its average volume of 3,510,824. The business’s 50 day moving average price is $42.99 and its two-hundred day moving average price is $42.85. The firm has a market capitalization of $7.18 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 1.81 and a beta of 1.21. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.82 and a current ratio of 2.70. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $71.99.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.35. The firm had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. CarMax’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the firm posted $1.38 EPS. Equities research analysts predict that CarMax, Inc. will post 2.52 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on KMX shares. Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Barclays lifted their target price on CarMax from $31.00 to $37.00 and gave the company an “underweight” rating in a research note on Thursday, June 18th. Stephens raised CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price target for the company in a research note on Thursday, June 18th. Evercore set a $45.00 price target on CarMax in a report on Friday, April 10th. Finally, Morgan Stanley lifted their price objective on shares of CarMax from $35.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $47.73.

Institutional Investors Weigh In On CarMax

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares during the period. Jones Financial Companies Lllp raised its position in CarMax by 3.1% in the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after acquiring an additional 161 shares in the last quarter. Empowered Funds LLC raised its position in 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 acquiring an additional 585 shares in the last quarter. Intech Investment Management LLC lifted its holdings in CarMax by 61.7% in the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock valued at $1,492,000 after acquiring an additional 7,307 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in CarMax in the 1st quarter valued at about $727,000.

CarMax Company 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.