CarMax, Inc. (NYSE:KMX) Position Boosted by True North Advisors LLC
True North Advisors LLC increased its stake in CarMax, Inc. (NYSE:KMX) by 16.7% in Q1, now holding 56,779 shares valued at $4.42 million. Other investors also acquired positions in CarMax. The stock is currently trading at $54.94, down 0.6%, with a market cap of $8.24 billion. CarMax reported Q1 earnings of $1.38 per share, exceeding estimates. Analysts have mixed ratings on the stock, with price targets ranging from $75 to $90. The company has a P/E ratio of 15.18 and a debt-to-equity ratio of 2.86.
True North Advisors LLC boosted its holdings in CarMax, Inc. (NYSE:KMX - Free Report) by 16.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 56,779 shares of the company's stock after acquiring an additional 8,117 shares during the period. CarMax comprises about 0.8% of True North Advisors LLC's investment portfolio, making the stock its 26th biggest holding. True North Advisors LLC's holdings in CarMax were worth $4,424,000 as of its most recent filing with the Securities & Exchange Commission.
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A number of other large investors have also recently bought and sold shares of KMX. Zions Bancorporation National Association UT acquired a new position in CarMax in the first quarter worth approximately $27,000. Accent Capital Management LLC acquired a new position in CarMax in the first quarter worth approximately $34,000. Ameriflex Group Inc. acquired a new position in CarMax in the fourth quarter worth approximately $53,000. Colonial Trust Co SC grew its position in CarMax by 2,310.0% in the fourth quarter. Colonial Trust Co SC now owns 723 shares of the company's stock worth $59,000 after buying an additional 693 shares during the last quarter. Finally, Blue Trust Inc. grew its position in CarMax by 49.2% in the first quarter. Blue Trust Inc. now owns 898 shares of the company's stock worth $70,000 after buying an additional 296 shares during the last quarter.
Insiders Place Their Bets
In other CarMax news, EVP Jon G. Daniels sold 1,540 shares of the stock in a transaction on Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total value of $108,785.60. Following the sale, the executive vice president directly owned 2,779 shares in the company, valued at approximately $196,308.56. This trade represents a 35.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.70% of the company's stock.
CarMax Trading Down 0.6%
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Shares of NYSE KMX opened at $54.94 on Friday. The company's 50 day simple moving average is $64.06 and its 200 day simple moving average is $70.79. CarMax, Inc. has a fifty-two week low of $54.53 and a fifty-two week high of $91.25. The firm has a market capitalization of $8.24 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.90 and a beta of 1.36. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80.
CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings data on Friday, June 20th. The company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.20. CarMax had a net margin of 2.09% and a return on equity of 9.11%. The business had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the business posted $0.97 earnings per share. CarMax's revenue was up 6.1% compared to the same quarter last year. On average, analysts predict that CarMax, Inc. will post 3.23 EPS for the current year.
Analysts Set New Price Targets
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A number of equities analysts recently commented on the stock. Robert W. Baird decreased their price objective on shares of CarMax from $95.00 to $90.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $92.00 price objective on shares of CarMax in a research note on Monday, June 23rd. Benchmark assumed coverage on shares of CarMax in a research note on Thursday, July 17th. They issued a "buy" rating and a $75.00 price objective for the company. Mizuho decreased their price objective on shares of CarMax from $80.00 to $78.00 and set a "neutral" rating for the company in a research note on Thursday, July 3rd. Finally, Wall Street Zen raised shares of CarMax from a "sell" rating to a "hold" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $83.08.
Check Out Our Latest Analysis on CarMax
CarMax Profile
(Free Report)CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.
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