Koshinski Asset Management Inc. Makes New $206,000 Investment in CarMax, Inc. (NYSE:KMX)

Koshinski Asset Management Inc. purchased a new position in shares of CarMax, Inc. (NYSE:KMX) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,665 shares of the company’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. First Community Trust NA acquired a new stake in CarMax during the 2nd quarter worth about $29,000. Quarry LP raised its stake in shares of CarMax by 78.6% during the 2nd quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the last quarter. Blue Trust Inc. raised its stake in shares of CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company’s stock valued at $37,000 after buying an additional 287 shares during the last quarter. Studio Investment Management LLC raised its stake in shares of CarMax by 176.7% during the 2nd quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after buying an additional 334 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of CarMax during the 1st quarter valued at about $55,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Truist Financial lifted their price objective on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Wedbush reiterated an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research note on Tuesday, September 17th. Argus upgraded CarMax to a “hold” rating in a research note on Tuesday, June 25th. JPMorgan Chase & Co. lifted their price target on CarMax from $55.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, September 19th. Finally, Mizuho cut their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Four equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $79.45.

Insiders Place Their Bets

In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $965,567.88. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Charles Joseph Wilson sold 10,021 shares of the business’s 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 $1,249,032.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mohammad Shamim sold 25,000 shares of the business’s stock in a transaction that occurred on 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 approximately $965,567.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.66% of the stock is owned by company insiders.

CarMax Price Performance

NYSE:KMX opened at $73.67 on Wednesday. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The stock has a 50 day moving average of $78.03 and a two-hundred day moving average of $75.39. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The firm has a market cap of $11.50 billion, a P/E ratio of 28.78, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68.

CarMax (NYSE:KMX) last posted 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). CarMax had a return on equity of 6.83% and a net margin of 1.61%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter last year, the firm posted $0.75 earnings per share. CarMax’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts expect that CarMax, Inc. will post 2.97 earnings per share for the current fiscal 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.