Jefferies Financial Group Inc. Takes Position in CarMax, Inc. $KMX

Jefferies Financial Group Inc. acquired a new position in CarMax, Inc. (NYSE:KMX) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 41,200 shares of the company’s stock, valued at approximately $2,179,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Basecamp Wealth Advisors LLC increased its stake in CarMax by 105.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock valued at $26,000 after buying an additional 327 shares during the period. Huntington National Bank lifted its stake in shares of CarMax by 62.4% in the 4th quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after acquiring an additional 265 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of CarMax in the 2nd quarter worth approximately $28,000. Global Retirement Partners LLC bought a new position in shares of CarMax in the second quarter valued at approximately $29,000. Finally, Wellington Grp LLC boosted its holdings in shares of CarMax by 6,500.0% in the first 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.

Insider Buying and Selling

In other news, CEO Keith Barr bought 9,400 shares of the firm’s stock in a transaction on Monday, June 22nd. The stock was bought at an average cost of $53.01 per share, for a total transaction of $498,294.00. Following the completion of the acquisition, the chief executive officer directly owned 33,375 shares in the company, valued at $1,769,208.75. This represents a 39.21% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sona Chawla bought 2,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was purchased at an average cost of $53.39 per share, for a total transaction of $106,780.00. Following the completion of the transaction, the director owned 21,702 shares of the company’s stock, valued at $1,158,669.78. This represents a 10.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 13,900 shares of company stock valued at $735,574. 1.01% of the stock is owned by corporate insiders.

CarMax Stock Performance

Shares of NYSE KMX opened at $61.96 on Friday. The company has a quick ratio of 0.82, a current ratio of 2.70 and a debt-to-equity ratio of 2.87. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 40.50, a PEG ratio of 2.84 and a beta of 1.15. The stock’s fifty day simple moving average is $56.79 and its 200 day simple moving average is $47.58. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $65.28.

CarMax (NYSE:KMX) last announced its earnings results on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, beating 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 business had revenue of $8.01 billion during the quarter, compared to the consensus estimate of $7.42 billion. During the same period in the prior year, the business posted $1.38 earnings per share. CarMax’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts forecast that CarMax, Inc. will post 2.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on KMX shares. Weiss Ratings raised CarMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 20th. Wall Street Zen raised CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Stephens upgraded CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price target on the stock in a research report on Thursday, June 18th. Mizuho boosted their price objective on CarMax from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Finally, Barclays upgraded CarMax from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $37.00 to $61.00 in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.00.

CarMax 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.