Wedbush Securities Inc. Has $581,000 Holdings in CarMax, Inc. (NYSE:KMX)

Wedbush Securities Inc. boosted its stake in CarMax, Inc. (NYSE:KMX) by 7.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,916 shares of the company’s stock after buying an additional 533 shares during the quarter. Wedbush Securities Inc.’s holdings in CarMax were worth $581,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of KMX. Gilbert & Cook Inc. boosted its stake in shares of CarMax by 5.7% in the 4th quarter. Gilbert & Cook Inc. now owns 8,011 shares of the company’s stock valued at $615,000 after purchasing an additional 431 shares in the last quarter. Victory Capital Management Inc. boosted its position in CarMax by 64.4% in the fourth quarter. Victory Capital Management Inc. now owns 52,901 shares of the company’s stock valued at $4,060,000 after buying an additional 20,718 shares in the last quarter. Private Advisor Group LLC grew its stake in CarMax by 27.8% during the fourth quarter. Private Advisor Group LLC now owns 11,483 shares of the company’s stock worth $881,000 after buying an additional 2,497 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of CarMax by 16.4% during the fourth quarter. BNP Paribas Financial Markets now owns 127,402 shares of the company’s stock worth $9,777,000 after buying an additional 17,973 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of CarMax by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,930,606 shares of the company’s stock valued at $148,168,000 after acquiring an additional 164,024 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KMX. Royal Bank of Canada raised their price target on CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 24th. Argus upgraded CarMax to a “hold” rating in a research note on Tuesday, June 25th. Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Monday, June 24th. Evercore ISI raised their price objective on shares of CarMax from $68.00 to $72.00 and gave the company an “in-line” rating in a research report on Tuesday, July 16th. Finally, Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $76.25.

Insider Activity at CarMax

In related news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the completion of the transaction, the chief operating officer now owns 15,609 shares in the company, valued at $1,249,032.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CarMax news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total value of $801,880.42. Following the completion of the transaction, the chief operating officer now directly owns 15,609 shares of the company’s stock, valued at $1,249,032.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William D. Nash sold 120,000 shares of the firm’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total value of $9,554,400.00. Following the sale, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $14,465,600.46. The disclosure for this sale can be found here. Insiders have sold 185,243 shares of company stock worth $14,893,042 in the last ninety days. Company insiders own 1.66% of the company’s stock.

CarMax Stock Performance

KMX stock opened at $76.28 on Friday. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The company has a market cap of $11.91 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 1.62 and a beta of 1.69. The business’s fifty day moving average is $79.99 and its 200-day moving average is $76.50.

CarMax (NYSE:KMX) last released its earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. The firm had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. CarMax had a return on equity of 6.64% and a net margin of 1.55%. The company’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 earnings per share. Equities research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current year.

CarMax Company Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.