Greenline Partners LLC Takes Position in CarMax, Inc. (NYSE:KMX)

Greenline Partners LLC bought a new stake in shares of CarMax, Inc. (NYSE:KMX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,769 shares of the company’s stock, valued at approximately $268,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Community Trust NA purchased a new stake in CarMax during the 2nd quarter valued at $29,000. Blue Trust Inc. raised its holdings in 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 period. Studio Investment Management LLC raised its holdings in 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 period. Headlands Technologies LLC purchased a new stake in CarMax in the first quarter worth $55,000. Finally, First Financial Corp IN lifted its position in shares of CarMax by 127.2% during the first quarter. First Financial Corp IN now owns 1,045 shares of the company’s stock worth $91,000 after purchasing an additional 585 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on KMX. Mizuho decreased their target price on CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, June 18th. Truist Financial lifted their target price on CarMax from $66.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, June 24th. StockNews.com upgraded CarMax to a “sell” rating in a research report on Friday, July 26th. Wedbush reiterated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. lifted their target price on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $77.08.

Insiders Place Their Bets

In other CarMax news, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the sale, the senior vice president now owns 995 shares in the company, valued at $72,097.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the business’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total value of $777,680.28. Following the sale, the chief financial officer now owns 20,260 shares in the company, valued at approximately $1,690,899.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,243 shares of company stock worth $14,893,042. 1.66% of the stock is owned by corporate insiders.

CarMax Stock Performance

Shares of CarMax stock opened at $76.10 on Friday. The company has a market capitalization of $11.88 billion, a PE ratio of 29.73, a P/E/G ratio of 1.53 and a beta of 1.69. 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 company has a 50-day simple moving average of $80.26 and a two-hundred day simple moving average of $76.49. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22.

CarMax (NYSE:KMX) last announced its earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.03. The business had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The firm’s revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.16 earnings per share. Research analysts expect that CarMax, Inc. will post 2.99 EPS 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.