WINTON GROUP Ltd Boosts Stock Holdings in CarMax, Inc. $KMX

WINTON GROUP Ltd raised its position in shares of CarMax, Inc. (NYSE:KMX) by 181.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,780 shares of the company’s stock after purchasing an additional 24,977 shares during the period. WINTON GROUP Ltd’s holdings in CarMax were worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in shares of CarMax in the second quarter valued at $28,000. MUFG Securities EMEA plc bought a new position in shares of CarMax during the 2nd quarter worth $30,000. Global Retirement Partners LLC bought a new position in shares of CarMax during the 2nd quarter worth $29,000. Basecamp Wealth Advisors LLC increased its holdings in CarMax by 105.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 636 shares of the company’s stock worth $26,000 after acquiring an additional 327 shares during the last quarter. Finally, Huntington National Bank increased its holdings in 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 last quarter.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of research reports. Robert W. Baird boosted their price objective on CarMax from $48.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, June 18th. Morgan Stanley lifted 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. Zacks Research raised shares of CarMax from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. upgraded shares of CarMax from an “underweight” rating to a “neutral” rating and upped their price target for the company from $38.00 to $60.00 in a research note on Wednesday, July 29th. Finally, Benchmark reaffirmed a “hold” rating on shares of CarMax in a report on Thursday, June 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, fourteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $51.00.

Insider Transactions at CarMax

In other news, CEO Keith Barr bought 9,400 shares of the firm’s stock in a transaction that occurred 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 acquisition, the chief executive officer owned 33,375 shares of the company’s stock, valued at approximately $1,769,208.75. The trade was a 39.21% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 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 purchased at an average cost of $53.39 per share, for a total transaction of $106,780.00. Following the acquisition, the director directly owned 21,702 shares in the company, valued at $1,158,669.78. This trade represents a 10.15% increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 13,900 shares of company stock valued at $735,574. 1.01% of the stock is currently owned by corporate insiders.

CarMax Stock Performance

Shares of KMX opened at $61.47 on Friday. The stock’s 50-day simple moving average is $58.70 and its 200 day simple moving average is $48.82. The stock has a market capitalization of $8.72 billion, a price-to-earnings ratio of 40.18, a price-to-earnings-growth ratio of 2.77 and a beta of 1.17. The company has a debt-to-equity ratio of 2.87, a quick ratio of 0.82 and a current ratio of 2.70. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $65.28.

CarMax (NYSE:KMX) last issued its earnings results on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.96 by $0.35. The business had revenue of $8.01 billion during 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 firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 EPS. Research analysts forecast that CarMax, Inc. will post 2.73 EPS for the current fiscal year.

CarMax Profile

CarMax, Inc is a specialty retailer of used vehicles and one of the largest automotive retailers in the United States. The company sells a broad selection of used cars, trucks and sport utility vehicles through its retail locations and online platform. CarMax also purchases vehicles from consumers and other sources, providing customers with a streamlined alternative to traditional private-party sales.

In addition to retail sales, CarMax operates wholesale vehicle auctions for vehicles that do not meet its retail standards or business requirements.