CarMax Sees Unusually Large Options Volume (NYSE:KMX)

CarMax, Inc. (NYSE:KMX) was the recipient of some unusual options trading on Tuesday. Investors bought 18,743 call options on the stock. This represents an increase of approximately 144% compared to the typical daily volume of 7,673 call options.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on KMX shares. Weiss Ratings restated a “sell (d)” rating on shares of CarMax in a research report on Friday. Needham & Company LLC reaffirmed a “hold” rating on shares of CarMax in a research note on Friday, November 7th. Seaport Res Ptn lowered shares of CarMax from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 28th. Robert W. Baird cut their price objective on CarMax from $90.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, Evercore ISI reissued a “reduce” rating and issued a $36.00 price target on shares of CarMax in a report on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, twelve have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, CarMax currently has an average rating of “Reduce” and an average price target of $39.36.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KMX. Jones Financial Companies Lllp increased its stake in CarMax by 3.1% in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of CarMax by 0.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock worth $2,446,000 after buying an additional 173 shares during the period. Kaufman Rossin Wealth LLC lifted its position in shares of CarMax by 6.2% during the 2nd quarter. Kaufman Rossin Wealth LLC now owns 3,342 shares of the company’s stock valued at $225,000 after buying an additional 194 shares in the last quarter. WCM Investment Management LLC increased its holdings in CarMax by 0.5% in the 2nd quarter. WCM Investment Management LLC now owns 38,991 shares of the company’s stock worth $2,597,000 after acquiring an additional 197 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC raised its position in CarMax by 1.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,924 shares of the company’s stock worth $734,000 after acquiring an additional 198 shares during the period.

CarMax Price Performance

NYSE:KMX traded up $0.91 on Tuesday, hitting $45.61. The company had a trading volume of 1,807,624 shares, compared to its average volume of 3,655,618. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 1.09 and a beta of 1.29. CarMax has a 52 week low of $30.26 and a 52 week high of $89.47. The firm has a 50 day moving average of $38.33 and a two-hundred day moving average of $49.71. The company has a current ratio of 1.99, a quick ratio of 0.51 and a debt-to-equity ratio of 2.74.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 18th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.11. The company had revenue of $5.79 billion for the quarter, compared to analysts’ expectations of $5.66 billion. CarMax had a return on equity of 7.72% and a net margin of 1.77%.CarMax’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period last year, the business earned $0.81 EPS. On average, research analysts anticipate that CarMax will post 3.23 earnings per share for the current year.

CarMax Company Profile

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.