Rep. Gilbert Ray Cisneros, Jr. Buys Shares of CarMax, Inc. (NYSE:KMX)

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of CarMax, Inc. (NYSE:KMX). In a filing disclosed on September 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in CarMax stock on August 19th. The trade occurred in the Representative’s “150 MAIN STREET TRUST > BANK OF AMERICA” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of DoorDash (NASDAQ:DASH) on 8/28/2026.
• Purchased $15,001 – $50,000 in shares of Quanta Services (NYSE:PWR) on 8/27/2026.
• Purchased $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 8/27/2026.
• Sold $15,001 – $50,000 in shares of NIKE (NYSE:NKE) on 8/27/2026.
• Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/26/2026.
• Purchased $1,001 – $15,000 in shares of Wheaton Precious Metals (NYSE:WPM) on 8/26/2026.
• Purchased $1,001 – $15,000 in shares of Walmart (NASDAQ:WMT) on 8/26/2026.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 8/26/2026.
• Sold $15,001 – $50,000 in shares of Lamar Advertising (NASDAQ:LAMR) on 8/25/2026.
• Sold $1,001 – $15,000 in shares of Phreesia (NYSE:PHR) on 8/25/2026.

CarMax Stock Performance

Shares of CarMax stock traded up $0.95 on Friday, hitting $61.47. The stock had a trading volume of 1,355,431 shares, compared to its average volume of 1,567,786. The stock has a market cap of $8.72 billion, a price-to-earnings ratio of 40.18, a P/E/G ratio of 2.77 and a beta of 1.17. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $65.28. The company’s 50 day moving average price is $58.70 and its 200 day moving average price is $48.82.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.35. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The firm had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same quarter in the prior year, the business earned $1.38 EPS. CarMax’s quarterly revenue was up 6.2% compared to the same quarter last year. On average, research analysts anticipate that CarMax, Inc. will post 2.73 EPS for the current year.

Insiders Place Their Bets

In other CarMax news, Director Peter Bensen acquired 2,500 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was acquired at an average cost of $52.20 per share, with a total value of $130,500.00. Following the purchase, the director directly owned 24,796 shares in the company, valued at approximately $1,294,351.20. This trade represents a 11.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Sona Chawla acquired 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $53.39 per share, with a total value of $106,780.00. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders acquired 13,900 shares of company stock worth $735,574. Insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On CarMax

A number of institutional investors and hedge funds have recently modified their holdings of KMX. Basecamp Wealth Advisors LLC raised its stake in shares of CarMax by 105.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock worth $26,000 after buying an additional 327 shares during the last quarter. Huntington National Bank grew its stake in CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after acquiring an additional 265 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in CarMax in the 2nd quarter valued at about $28,000. Global Retirement Partners LLC purchased a new position in CarMax during the 2nd quarter valued at about $29,000. Finally, Wellington Grp LLC increased its holdings in CarMax by 6,500.0% during the 1st quarter. Wellington Grp LLC now owns 726 shares of the company’s stock valued at $30,000 after acquiring an additional 715 shares in the last quarter.

Wall Street Analyst Weigh In

KMX has been the subject of a number of recent analyst reports. UBS Group set a $60.00 price objective on shares of CarMax in a research report on Wednesday, July 29th. Bank of America boosted their target price on CarMax from $40.00 to $45.00 and gave the stock an “underperform” rating in a research report on Wednesday, June 17th. Robert W. Baird lifted their price target on CarMax from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Morgan Stanley upped their price objective on CarMax from $35.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. upgraded CarMax from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $38.00 to $60.00 in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, CarMax presently has a consensus rating of “Hold” and an average price target of $51.00.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About CarMax

CarMax, Inc is a specialty retailer of used vehicles and one of the largest automotive retailers in the United States. The company sells a broad selection of used cars, trucks and sport utility vehicles through its retail locations and online platform. CarMax also purchases vehicles from consumers and other sources, providing customers with a streamlined alternative to traditional private-party sales.

In addition to retail sales, CarMax operates wholesale vehicle auctions for vehicles that do not meet its retail standards or business requirements.