Jefferies Financial Group Inc. Purchases New Holdings in CarMax, Inc. $KMX

Jefferies Financial Group Inc. acquired a new stake in shares of CarMax, Inc. (NYSE:KMX) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 41,200 shares of the company’s stock, valued at approximately $2,179,000.

A number of other institutional investors also recently made changes to their positions in KMX. CYBER HORNET ETFs LLC bought a new stake in shares of CarMax in the 2nd quarter worth about $28,000. MUFG Securities EMEA plc bought a new position in shares of CarMax during the second quarter worth about $30,000. Global Retirement Partners LLC acquired a new position in CarMax in the second quarter worth about $29,000. Basecamp Wealth Advisors LLC increased its holdings in CarMax by 105.8% in the first 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 last quarter. Finally, Huntington National Bank raised its stake in CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock valued at $27,000 after buying an additional 265 shares in the last quarter.

Insider Transactions at CarMax

In other news, Director Sona Chawla acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average price of $53.39 per share, with a total value of $106,780.00. Following the acquisition, the director directly owned 21,702 shares in the company, valued at approximately $1,158,669.78. The trade was a 10.15% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter J. Bensen acquired 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of $52.20 per share, for a total transaction of $130,500.00. Following the completion of the transaction, the director owned 24,796 shares in the company, valued at $1,294,351.20. The trade was a 11.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 13,900 shares of company stock worth $735,574. Insiders own 1.01% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on KMX shares. Zacks Research upgraded CarMax from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Robert W. Baird lifted their price objective on shares of CarMax from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. JPMorgan Chase & Co. upgraded shares of CarMax from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $38.00 to $60.00 in a research note on Wednesday, July 29th. Stephens raised shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 target price on the stock in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research report on Saturday, June 13th. One research 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 issued a Sell rating to the company. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $51.00.

CarMax Trading Down 1.1%

Shares of NYSE KMX opened at $61.96 on Friday. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $65.28. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. 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’s 50 day simple moving average is $56.79 and its 200 day simple moving average is $47.58.

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