Centaurus Financial Inc. Acquires Shares of 12,176 CarMax, Inc. $KMX

Centaurus Financial Inc. acquired a new stake in CarMax, Inc. (NYSE:KMX) in the second quarter, HoldingsChannel.com reports. The fund acquired 12,176 shares of the company’s stock, valued at approximately $644,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KMX. AQR Capital Management LLC increased its holdings in shares of CarMax by 151.8% during the 4th quarter. AQR Capital Management LLC now owns 7,930,345 shares of the company’s stock worth $306,429,000 after acquiring an additional 4,780,903 shares during the last quarter. SRS Investment Management LLC lifted its holdings in CarMax by 1,717.5% during the 4th quarter. SRS Investment Management LLC now owns 5,637,803 shares of the company’s stock valued at $217,845,000 after purchasing an additional 5,327,603 shares during the last quarter. Jupiter Topco LLC bought a new position in CarMax during the second quarter worth $245,676,000. Janus Henderson Group PLC boosted its position in CarMax by 1.1% during the first quarter. Janus Henderson Group PLC now owns 4,580,807 shares of the company’s stock worth $190,471,000 after purchasing an additional 49,987 shares during the period. Finally, Primecap Management Co. CA acquired a new position in shares of CarMax in the second quarter valued at $230,548,000.

CarMax Trading Down 1.1%

KMX stock opened at $61.96 on Friday. CarMax, Inc. has a 52 week low of $30.26 and a 52 week high of $65.28. The company has a market capitalization of $8.79 billion, a PE ratio of 40.50, a price-to-earnings-growth ratio of 2.87 and a beta of 1.15. The company’s 50-day simple moving average is $56.79 and its 200 day simple moving average is $47.58. 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 (NYSE:KMX) last issued its quarterly earnings data 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 business had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 EPS. As a group, sell-side analysts anticipate that CarMax, Inc. will post 2.73 earnings per share for the current year.

Insider Transactions at CarMax

In related news, Director Sona Chawla purchased 2,000 shares of CarMax 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 completion of the transaction, the director directly owned 21,702 shares of the company’s stock, valued at $1,158,669.78. This represents a 10.15% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Keith Barr acquired 9,400 shares of the stock in a transaction on Monday, June 22nd. The shares were bought at an average price of $53.01 per share, for a total transaction of $498,294.00. Following the purchase, the chief executive officer owned 33,375 shares in the company, valued at approximately $1,769,208.75. This trade represents a 39.21% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 13,900 shares of company stock valued at $735,574. 1.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Mizuho raised their target price on shares of CarMax from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Thursday, June 18th. Weiss Ratings raised shares of CarMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, July 20th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 price objective for the company in a research report on Thursday, June 18th. Robert W. Baird boosted their price objective on CarMax from $48.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, June 18th. Finally, Royal Bank Of Canada upped their target price on CarMax from $41.00 to $45.00 and gave the company a “sector perform” rating in a research report on Thursday, June 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, fourteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $51.00.

CarMax Profile

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.