MBB Public Markets I LLC Purchases 7,524 Shares of CarMax, Inc. (NYSE:KMX)

MBB Public Markets I LLC lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 237.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,695 shares of the company’s stock after buying an additional 7,524 shares during the quarter. MBB Public Markets I LLC’s holdings in CarMax were worth $784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. raised its stake 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. TD Asset Management Inc increased its position in shares of CarMax by 6.5% in the fourth quarter. TD Asset Management Inc now owns 41,855 shares of the company’s stock worth $3,212,000 after purchasing an additional 2,550 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of CarMax by 32.6% during the 4th quarter. Bank of Nova Scotia now owns 20,989 shares of the company’s stock worth $1,611,000 after acquiring an additional 5,160 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of CarMax by 0.8% in the 4th quarter. California State Teachers Retirement System now owns 247,611 shares of the company’s stock worth $19,002,000 after purchasing an additional 2,051 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of CarMax by 10.3% during the 4th quarter. KBC Group NV now owns 23,879 shares of the company’s stock valued at $1,833,000 after buying an additional 2,235 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have commented on KMX. StockNews.com upgraded shares of CarMax to a “sell” rating in a research report on Friday, July 26th. Truist Financial boosted their price target on shares of CarMax from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, September 23rd. BNP Paribas raised CarMax to a “strong sell” rating in a research note on Friday, September 27th. Mizuho lowered their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Finally, Argus upgraded CarMax to a “hold” rating in a research report on Tuesday, June 25th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $79.73.

CarMax Stock Up 1.0 %

Shares of NYSE:KMX opened at $78.17 on Wednesday. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.56 and a beta of 1.69. The stock has a fifty day simple moving average of $79.60 and a two-hundred day simple moving average of $76.24. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, September 26th. The company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. On average, research analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Insider Transactions at CarMax

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the transaction, the executive vice president now owns 11,738 shares in the company, valued at approximately $965,567.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other CarMax news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total transaction of $777,680.28. Following the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at $1,690,899.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were 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 of the company’s stock, valued at $965,567.88. The disclosure for this sale can be found here. Insiders sold 184,012 shares of company stock worth $14,803,843 over the last quarter. 1.66% of the stock is currently owned by insiders.

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.