United Capital Financial Advisors LLC Acquires Shares of 32,701 CarMax, Inc. $KMX

United Capital Financial Advisors LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,701 shares of the company’s stock, valued at approximately $1,730,000.

Several other large investors have also recently modified their holdings of KMX. Basecamp Wealth Advisors LLC raised its holdings in CarMax by 105.8% in the first quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock worth $26,000 after buying an additional 327 shares during the last quarter. Huntington National Bank raised its stake in shares of CarMax by 62.4% in the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after buying an additional 265 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in CarMax in the 2nd quarter worth approximately $28,000. Global Retirement Partners LLC bought a new stake in shares of CarMax during the 2nd quarter valued at $29,000. Finally, Wellington Grp LLC lifted its position in shares of CarMax by 6,500.0% in the first quarter. Wellington Grp LLC now owns 726 shares of the company’s stock valued at $30,000 after acquiring an additional 715 shares in the last quarter.

Insider Transactions at CarMax

In related news, 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, 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 approximately $1,769,208.75. This represents a 39.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Peter J. Bensen acquired 2,500 shares of the stock in a transaction that occurred on 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 in the company, valued at $1,294,351.20. The trade was a 11.21% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 13,900 shares of company stock worth $735,574. Corporate insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

KMX has been the topic of a number of research reports. Mizuho lifted their price target on shares of CarMax from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Thursday, June 18th. Weiss Ratings upgraded CarMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 20th. Benchmark reiterated a “hold” rating on shares of CarMax in a report on Thursday, June 18th. Barclays upgraded CarMax from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $37.00 to $61.00 in a research note on Tuesday, July 21st. Finally, Truist Financial upped their target price on CarMax from $47.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, CarMax has an average rating of “Hold” and an average target price of $51.00.

CarMax Price Performance

CarMax stock opened at $61.96 on Friday. The company has a quick ratio of 0.82, a current ratio of 2.70 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $65.28. The company has a fifty day simple moving average of $56.79 and a 200-day simple moving average of $47.58. The firm has a market capitalization of $8.79 billion, a price-to-earnings ratio of 40.50, a PEG ratio of 2.84 and a beta of 1.15.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.35. The firm had revenue of $8.01 billion during 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 business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.38 earnings per share. On average, equities analysts anticipate that CarMax, Inc. will post 2.73 EPS for the current fiscal year.

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.