Semmax Financial Advisors Inc. Buys 6,784 Shares of CarMax, Inc. (NYSE:KMX)

Semmax Financial Advisors Inc. increased its position in shares of CarMax, Inc. (NYSE:KMX) by 23.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,331 shares of the company’s stock after buying an additional 6,784 shares during the period. Semmax Financial Advisors Inc.’s holdings in CarMax were worth $2,791,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CANADA LIFE ASSURANCE Co increased its position in CarMax by 29.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company’s stock worth $14,573,000 after acquiring an additional 37,660 shares during the period. Fairview Capital Investment Management LLC raised its position in shares of CarMax by 7.0% during the fourth quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock valued at $19,302,000 after buying an additional 16,438 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of CarMax in the fourth quarter valued at about $5,637,000. State Board of Administration of Florida Retirement System grew its position in CarMax by 10.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 186,408 shares of the company’s stock worth $16,238,000 after buying an additional 17,557 shares in the last quarter. Finally, First Pacific Advisors LP increased its stake in CarMax by 1.2% during the fourth quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock valued at $178,923,000 after acquiring an additional 28,095 shares during the period.

Insider Transactions at CarMax

In related news, EVP Mohammad Shamim sold 25,000 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $82.26, for a total value of $2,056,500.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at $965,567.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CarMax news, CEO William D. Nash sold 120,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of CarMax stock in a transaction on Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $965,567.88. The disclosure for this sale can be found here. Insiders sold a total of 185,243 shares of company stock worth $14,893,042 over the last 90 days. 1.66% of the stock is owned by insiders.

CarMax Trading Up 0.5 %

KMX opened at $76.45 on Tuesday. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The stock has a market capitalization of $11.93 billion, a PE ratio of 29.86, a PEG ratio of 1.53 and a beta of 1.69. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The firm has a 50-day moving average price of $80.15 and a two-hundred day moving average price of $76.43.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $7.11 billion during the quarter, compared to analyst estimates of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. CarMax’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. As a group, equities analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KMX. JPMorgan Chase & Co. raised their price objective on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Argus upgraded shares of CarMax to a “hold” rating in a research note on Tuesday, June 25th. Mizuho lowered their target price on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 18th. Truist Financial upped their price objective on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday. Finally, Royal Bank of Canada raised their target price on CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $77.50.

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.