Drucker Wealth 3.0 LLC acquired a new stake in CarMax, Inc. (NYSE:KMX – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,650 shares of the company’s stock, valued at approximately $1,588,000.
A number of other institutional investors have also made changes to their positions in the business. Gilbert & Cook Inc. lifted its position in CarMax by 5.7% during the 4th quarter. Gilbert & Cook Inc. now owns 8,011 shares of the company’s stock worth $615,000 after buying an additional 431 shares in the last quarter. Franklin Resources Inc. raised its holdings in CarMax by 1.3% during the fourth quarter. Franklin Resources Inc. now owns 16,706 shares of the company’s stock worth $1,282,000 after acquiring an additional 212 shares in the last quarter. Hsbc Holdings PLC boosted its position in CarMax by 14.3% during the fourth quarter. Hsbc Holdings PLC now owns 135,905 shares of the company’s stock valued at $10,430,000 after purchasing an additional 17,004 shares during the last quarter. TD Asset Management Inc boosted its position in CarMax by 6.5% during the fourth quarter. TD Asset Management Inc now owns 41,855 shares of the company’s stock valued at $3,212,000 after purchasing an additional 2,550 shares during the last quarter. Finally, Stifel Financial Corp increased its position in shares of CarMax by 13.6% during the 4th quarter. Stifel Financial Corp now owns 246,152 shares of the company’s stock worth $18,890,000 after purchasing an additional 29,479 shares during the last quarter.
Insiders Place Their Bets
In related news, COO Charles Joseph Wilson sold 10,021 shares of the company’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares in the company, valued at approximately $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 stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the transaction, the chief operating officer now directly owns 15,609 shares in the company, valued at approximately $1,249,032.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP John M. Stuckey III sold 19,673 shares of CarMax stock in a transaction on Monday, July 15th. The shares were sold at an average price of $82.01, for a total transaction of $1,613,382.73. Following the completion of the sale, the senior vice president now owns 969 shares of the company’s stock, valued at approximately $79,467.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 184,012 shares of company stock worth $14,803,843. Company insiders own 1.66% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Analysis on KMX
CarMax Trading Down 2.6 %
KMX opened at $74.50 on Thursday. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The company has a fifty day moving average of $79.84 and a 200-day moving average of $76.38. The stock has a market cap of $11.63 billion, a PE ratio of 29.10, a price-to-earnings-growth ratio of 1.56 and a beta of 1.69. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95.
CarMax 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.
Recommended Stories
- Five stocks we like better than CarMax
- With Risk Tolerance, One Size Does Not Fit All
- Analysts Weigh In: How Will Lower Rates Impact Carvana Stock?
- What is an Earnings Surprise?
- Why AutoZone Stock Could Be Your Next Top Performer
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- Should You Invest in Treasury Bills?
Receive News & Ratings for CarMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarMax and related companies with MarketBeat.com's FREE daily email newsletter.