13,271 Shares in CarMax, Inc. $KMX Acquired by Evolve Private Wealth LLC

Evolve Private Wealth LLC bought a new position in shares of CarMax, Inc. (NYSE:KMX) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 13,271 shares of the company’s stock, valued at approximately $702,000.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on KMX shares. Barclays raised shares of CarMax from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $37.00 to $61.00 in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 20th. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Mizuho upped their price objective on shares of CarMax from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Thursday, June 18th. Finally, Zacks Research upgraded shares of CarMax from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.00.

Insider Buying and Selling at CarMax

In other CarMax news, Director Sona Chawla acquired 2,000 shares of the stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of $53.39 per share, with a total value of $106,780.00. Following the completion of the purchase, the director owned 21,702 shares in the company, valued at $1,158,669.78. This trade represents a 10.15% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter J. Bensen acquired 2,500 shares of the 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 owned 24,796 shares of the company’s stock, valued at approximately $1,294,351.20. This trade represents a 11.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 13,900 shares of company stock valued at $735,574 in the last three months. 1.01% of the stock is owned by corporate insiders.

CarMax Trading Up 1.2%

Shares of NYSE KMX opened at $62.85 on Tuesday. 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 capitalization of $8.92 billion, a PE ratio of 41.08, a PEG ratio of 2.84 and a beta of 1.15. CarMax, Inc. has a twelve month low of $30.26 and a twelve month high of $63.15. The stock has a fifty day simple moving average of $55.86 and a 200-day simple moving average of $47.12.

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

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.