Chicago Partners Investment Group LLC Buys 9,308 Shares of CarMax, Inc. $KMX

Chicago Partners Investment Group LLC lifted its position in CarMax, Inc. (NYSE:KMX) by 85.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 20,151 shares of the company’s stock after purchasing an additional 9,308 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in CarMax were worth $798,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Citizens Financial Group Inc. RI acquired a new stake in CarMax during the 1st quarter valued at $378,000. Fifth Third Bancorp boosted its stake in CarMax by 1,196.9% in the first quarter. Fifth Third Bancorp now owns 41,876 shares of the company’s stock worth $1,741,000 after purchasing an additional 38,647 shares in the last quarter. Banyan Capital Management Inc. grew its holdings in shares of CarMax by 17.8% during the first quarter. Banyan Capital Management Inc. now owns 172,211 shares of the company’s stock worth $7,161,000 after purchasing an additional 25,963 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of CarMax by 5.1% during the first quarter. Sequoia Financial Advisors LLC now owns 6,460 shares of the company’s stock worth $269,000 after purchasing an additional 311 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in shares of CarMax by 335.1% during the first quarter. Hsbc Holdings PLC now owns 116,809 shares of the company’s stock worth $4,830,000 after purchasing an additional 89,961 shares during the last quarter.

CarMax Price Performance

Shares of KMX opened at $58.45 on Friday. The firm has a market capitalization of $8.29 billion, a PE ratio of 38.20, a PEG ratio of 1.90 and a beta of 1.17. The company’s 50-day moving average is $47.39 and its 200-day moving average is $44.44. CarMax, Inc. has a fifty-two week low of $30.26 and a fifty-two week high of $63.74. The company has a debt-to-equity ratio of 2.87, a current ratio of 2.70 and a quick ratio of 0.82.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $7.42 billion. During the same quarter in the prior year, the business posted $1.38 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. Equities analysts forecast that CarMax, Inc. will post 2.7 EPS for the current year.

Insider Buying and Selling

In other news, CEO Keith Barr purchased 9,400 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were acquired at an average price of $53.01 per share, with a total value of $498,294.00. Following the completion of the transaction, the chief executive officer owned 33,375 shares of the company’s stock, valued at $1,769,208.75. The trade was a 39.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sona Chawla bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of $53.39 per share, with a total value of $106,780.00. Following the purchase, the director directly owned 21,702 shares of the company’s stock, valued at $1,158,669.78. This trade represents a 10.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 13,900 shares of company stock worth $735,574 in the last ninety days. 1.01% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KMX has been the subject of a number of research analyst reports. Evercore set a $45.00 price target on CarMax in a report on Friday, April 10th. Royal Bank Of Canada increased their price objective on shares of CarMax from $41.00 to $45.00 and gave the stock a “sector perform” rating in a report on Thursday, June 18th. Benchmark restated a “hold” rating on shares of CarMax in a research report on Thursday, June 18th. Argus raised shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. Finally, Morgan Stanley boosted their target price on shares of CarMax from $35.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $47.73.

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.