CarMax (NYSE:KMX) Director Peter Bensen Acquires 2,500 Shares of Stock

CarMax, Inc. (NYSE:KMX) Director Peter Bensen acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $52.20 per share, with a total value of $130,500.00. Following the completion of the transaction, the director directly owned 24,796 shares in the company, valued at approximately $1,294,351.20. The trade was a 11.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

CarMax Price Performance

NYSE:KMX traded down $1.29 during trading hours on Wednesday, reaching $50.62. 4,161,796 shares of the company traded hands, compared to its average volume of 3,510,824. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82. The firm’s 50-day moving average is $42.99 and its 200-day moving average is $42.85. The stock has a market cap of $7.18 billion, a P/E ratio of 33.09, a P/E/G ratio of 1.81 and a beta of 1.21. CarMax, Inc. has a 1-year low of $30.26 and a 1-year high of $71.99.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.35. The business had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.38 earnings per share. Equities research analysts expect that CarMax, Inc. will post 2.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a report on Wednesday, April 8th. Wall Street Zen raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. UBS Group raised their target price on shares of CarMax from $42.00 to $57.00 and gave the stock a “neutral” rating in a research report on Tuesday. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 target price for the company in a research note on Thursday, June 18th. Finally, Robert W. Baird boosted their price target on CarMax from $48.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $47.73.

Institutional Trading of CarMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KMX. Basecamp Wealth Advisors LLC increased 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 valued at $26,000 after acquiring an additional 327 shares during the last quarter. Huntington National Bank grew its holdings in CarMax by 62.4% in the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 265 shares during the period. CYBER HORNET ETFs LLC acquired a new position in CarMax during the second quarter worth approximately $28,000. Wellington Grp LLC increased its position in CarMax by 6,500.0% during the first 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. Finally, MUFG Securities EMEA plc purchased a new position in CarMax during the second quarter worth approximately $30,000.

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.