Geneos Wealth Management Inc. Boosts Stake in CarMax, Inc. (NYSE:KMX)

Geneos Wealth Management Inc. boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 9.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,401 shares of the company’s stock after buying an additional 1,551 shares during the period. Geneos Wealth Management Inc.’s holdings in CarMax were worth $1,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in CarMax by 16.4% during the fourth quarter. BNP Paribas Financial Markets now owns 127,402 shares of the company’s stock worth $9,777,000 after buying an additional 17,973 shares during the period. Fairview Capital Investment Management LLC lifted its holdings in CarMax by 7.0% during the fourth quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock worth $19,302,000 after buying an additional 16,438 shares during the period. Quadrature Capital Ltd purchased a new stake in CarMax during the fourth quarter worth $5,637,000. Charles Schwab Investment Management Inc. lifted its holdings in CarMax by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 991,111 shares of the company’s stock worth $76,058,000 after buying an additional 30,107 shares during the period. Finally, First Pacific Advisors LP increased its position in shares of CarMax by 1.2% during the fourth quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock worth $178,923,000 after purchasing an additional 28,095 shares in the last quarter.

Wall Street Analyst Weigh In

KMX has been the topic of a number of recent analyst reports. Argus raised CarMax to a “hold” rating in a research report on Tuesday, June 25th. Royal Bank of Canada upped their price target on CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, June 24th. Evercore ISI reduced their price target on CarMax from $73.00 to $68.00 and set an “in-line” rating on the stock in a research report on Thursday, June 20th. Wedbush reaffirmed an “outperform” rating and set a $90.00 price target on shares of CarMax in a research report on Tuesday, June 18th. Finally, Truist Financial upped their target price on CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, June 24th. Three equities research 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. Based on data from MarketBeat.com, CarMax has an average rating of “Hold” and an average price target of $75.50.

CarMax Price Performance

NYSE:KMX opened at $79.70 on Friday. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.53 and a beta of 1.69. The firm’s fifty day moving average is $71.54 and its two-hundred day moving average is $73.95.

CarMax (NYSE:KMX) last posted its earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business had revenue of $7.11 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the company posted $1.16 EPS. The company’s revenue for the quarter was down 7.5% on a year-over-year basis. Research analysts expect that CarMax, Inc. will post 3.02 EPS for the current year.

Insider Transactions at CarMax

In other news, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at approximately $72,097.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Diane L. Cafritz sold 15,356 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were 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 firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction 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.

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.