CarMax, Inc. (NYSE:KMX) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 21.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,383 shares of the company’s stock after acquiring an additional 8,090 shares during the quarter. National Bank of Canada FI’s holdings in CarMax were worth $3,232,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of KMX. Vanguard Group Inc. increased its holdings in shares of CarMax by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company’s stock valued at $1,387,222,000 after purchasing an additional 222,132 shares in the last quarter. Norges Bank purchased a new position in CarMax in the fourth quarter valued at $288,278,000. Morningstar Investment Services LLC raised its position in shares of CarMax by 95.4% in the fourth quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock worth $211,516,000 after acquiring an additional 1,326,840 shares during the period. First Pacific Advisors LP boosted its stake in shares of CarMax by 0.3% during the 1st quarter. First Pacific Advisors LP now owns 2,339,026 shares of the company’s stock worth $203,753,000 after acquiring an additional 7,481 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of CarMax by 9.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,930,606 shares of the company’s stock valued at $148,168,000 after acquiring an additional 164,024 shares during the period.

CarMax Stock Down 3.6 %

Shares of KMX opened at $77.72 on Wednesday. CarMax, Inc. has a 52-week low of $59.66 and a 52-week high of $88.22. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. The stock has a fifty day simple moving average of $79.88 and a two-hundred day simple moving average of $76.51. The company has a market capitalization of $12.13 billion, a PE ratio of 30.36, a price-to-earnings-growth ratio of 1.62 and a beta of 1.69.

CarMax (NYSE:KMX) last released its quarterly earnings data 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 firm had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same period last year, the business earned $1.16 earnings per share. CarMax’s revenue was down 7.5% compared to the same quarter last year. As a group, equities analysts forecast that CarMax, Inc. will post 2.99 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KMX shares. Truist Financial upped their price target on CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a report on Monday, June 24th. Mizuho decreased their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. Argus raised shares of CarMax to a “hold” rating in a report on Tuesday, June 25th. Wedbush restated an “outperform” rating and set a $95.00 price target on shares of CarMax in a research report on Friday, August 16th. Finally, Needham & Company LLC decreased their price objective on CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.25.

Insider Transactions at CarMax

In related news, COO Charles Joseph Wilson sold 10,021 shares of the company’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 value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Charles Joseph Wilson sold 10,021 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at approximately $1,249,032.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William D. Nash sold 120,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $14,465,600.46. The disclosure for this sale can be found here. Insiders sold 185,243 shares of company stock worth $14,893,042 in the last 90 days. Insiders own 1.66% of the company’s stock.

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.