CarMax, Inc. (NYSE:KMX) Shares Bought by Brookstone Capital Management

Brookstone Capital Management increased its position in CarMax, Inc. (NYSE:KMX) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,467 shares of the company’s stock after acquiring an additional 175 shares during the period. Brookstone Capital Management’s holdings in CarMax were worth $302,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of CarMax by 6.5% in the 1st quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock worth $188,000 after acquiring an additional 131 shares during the period. Czech National Bank grew its holdings in shares of CarMax by 0.5% in the 4th quarter. Czech National Bank now owns 27,789 shares of the company’s stock worth $2,133,000 after acquiring an additional 138 shares during the period. Spire Wealth Management grew its holdings in shares of CarMax by 8.3% in the 4th quarter. Spire Wealth Management now owns 1,908 shares of the company’s stock worth $146,000 after acquiring an additional 147 shares during the period. Lindbrook Capital LLC grew its holdings in shares of CarMax by 32.8% in the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after acquiring an additional 155 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CarMax by 0.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,223 shares of the company’s stock worth $1,782,000 after acquiring an additional 157 shares during the period.

CarMax Trading Up 2.9 %

Shares of CarMax stock opened at $73.28 on Wednesday. CarMax, Inc. has a fifty-two week low of $59.66 and a fifty-two week high of $88.22. The firm has a market cap of $11.44 billion, a PE ratio of 28.63, a P/E/G ratio of 1.45 and a beta of 1.69. The business’s fifty day moving average is $70.79 and its two-hundred day moving average is $74.03. 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 (NYSE:KMX) last issued its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The company 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 business’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.16 EPS. Analysts anticipate that CarMax, Inc. will post 3.03 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Diane L. Cafritz sold 15,356 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the transaction, the senior vice president now directly owns 995 shares in the company, valued at $72,097.70. The disclosure for this sale can be found here. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on KMX. JPMorgan Chase & Co. lowered their price target on CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. Truist Financial increased their target price on CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a report on Monday, June 24th. Royal Bank of Canada increased their target price on CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 24th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 target price on shares of CarMax in a report on Friday, June 21st. Finally, Wedbush reiterated an “outperform” rating and set a $90.00 target price on shares of CarMax in a report on Tuesday, June 18th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $75.50.

About CarMax

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.