CarMax (NYSE:KMX) Director Sona Chawla Buys 2,000 Shares

CarMax, Inc. (NYSE:KMX) Director Sona Chawla purchased 2,000 shares of the stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of $53.39 per share, for a total transaction of $106,780.00. Following the completion of the purchase, the director directly owned 21,702 shares in the company, valued at approximately $1,158,669.78. The trade was a 10.15% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

CarMax Stock Down 0.3%

Shares of CarMax stock traded down $0.18 during trading hours on Friday, reaching $52.72. 3,461,813 shares of the company’s stock were exchanged, compared to its average volume of 3,507,582. The company has a 50 day moving average of $43.25 and a two-hundred day moving average of $43.04. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $71.99. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. The stock has a market cap of $7.48 billion, a P/E ratio of 34.46, a P/E/G ratio of 1.70 and a beta of 1.21.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.35. The company had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.CarMax’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. On average, sell-side analysts forecast that CarMax, Inc. will post 2.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KMX has been the topic of several recent analyst reports. Mizuho boosted their price target on CarMax from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Thursday, June 18th. Argus raised shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 target price on the stock in a report on Thursday, June 18th. Royal Bank Of Canada upped their price target on shares of CarMax from $41.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Finally, Evercore set a $45.00 price target on shares of CarMax in a research note on Friday, April 10th. Two analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $47.73.

Institutional Trading of CarMax

Several institutional investors and hedge funds have recently bought and sold shares of KMX. Jones Financial Companies Lllp boosted its stake in shares of CarMax by 3.1% during the 1st quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after acquiring an additional 161 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CarMax by 0.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after purchasing an additional 173 shares during the period. Blue Trust Inc. boosted its position in CarMax by 20.0% during the fourth quarter. Blue Trust Inc. now owns 1,424 shares of the company’s stock worth $55,000 after purchasing an additional 237 shares during the period. Huntington National Bank increased its holdings in shares of CarMax by 62.4% in the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the last quarter. Finally, Ossiam raised its position in shares of CarMax by 19.5% in the second quarter. Ossiam now owns 1,713 shares of the company’s stock valued at $115,000 after purchasing an additional 280 shares during the period.

About CarMax

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.