J. Goldman & Co LP Buys Shares of 115,685 CarMax, Inc. $KMX

J. Goldman & Co LP bought a new position in CarMax, Inc. (NYSE:KMX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 115,685 shares of the company’s stock, valued at approximately $6,119,000.

Other large investors have also recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in CarMax during the 2nd quarter worth about $1,260,000. Primecap Management Co. CA purchased a new stake in shares of CarMax in the second quarter worth approximately $230,548,000. Canada Pension Plan Investment Board acquired a new stake in shares of CarMax during the second quarter worth approximately $115,465,000. Legal & General Group Plc purchased a new position in CarMax during the second quarter valued at approximately $18,749,000. Finally, The Manufacturers Life Insurance Company acquired a new position in CarMax in the 2nd quarter valued at approximately $128,001,000.

Wall Street Analyst Weigh In

KMX has been the subject of a number of research reports. Zacks Research raised shares of CarMax from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. UBS Group set a $60.00 price objective on CarMax in a report on Wednesday, July 29th. Barclays upgraded CarMax from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $37.00 to $61.00 in a report on Tuesday, July 21st. Benchmark restated a “hold” rating on shares of CarMax in a report on Thursday, June 18th. Finally, Robert W. Baird lifted their target price on shares of CarMax from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CarMax presently has an average rating of “Hold” and an average target price of $51.00.

Insiders Place Their Bets

In other news, Director Peter J. Bensen acquired 2,500 shares of CarMax stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $52.20 per share, for a total transaction of $130,500.00. Following the completion of the purchase, the director owned 24,796 shares of the company’s stock, valued at $1,294,351.20. This represents a 11.21% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Keith Barr acquired 9,400 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were purchased at an average cost of $53.01 per share, with a total value of $498,294.00. Following the completion of the acquisition, the chief executive officer owned 33,375 shares in the company, valued at $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 purchased 13,900 shares of company stock valued at $735,574 over the last 90 days. 1.01% of the stock is currently owned by company insiders.

CarMax Price Performance

Shares of NYSE:KMX opened at $64.17 on Wednesday. The stock has a market capitalization of $9.11 billion, a P/E ratio of 41.94, a P/E/G ratio of 2.87 and a beta of 1.15. The business has a 50-day moving average of $56.11 and a two-hundred day moving average of $47.24. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $64.59. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82.

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

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.