40,336 Shares in CarMax, Inc. $KMX Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in CarMax, Inc. (NYSE:KMX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,336 shares of the company’s stock, valued at approximately $2,133,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of KMX. SRS Investment Management LLC increased its holdings in shares of CarMax by 1,717.5% in the 4th quarter. SRS Investment Management LLC now owns 5,637,803 shares of the company’s stock valued at $217,845,000 after acquiring an additional 5,327,603 shares during the last quarter. AQR Capital Management LLC raised its position 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 in the last quarter. Jupiter Topco LLC purchased a new stake in CarMax during the second quarter worth approximately $245,676,000. Primecap Management Co. CA purchased a new stake in CarMax during the second quarter worth approximately $230,548,000. Finally, Norges Bank acquired a new position in CarMax in the fourth quarter valued at approximately $159,232,000.

Insider Transactions at CarMax

In related news, Director Sona Chawla purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of $53.39 per share, for a total transaction of $106,780.00. Following the transaction, the director directly owned 21,702 shares of the company’s stock, valued at approximately $1,158,669.78. The trade was a 10.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter Bensen acquired 2,500 shares of CarMax stock in a transaction on Monday, June 22nd. The shares were bought at an average cost of $52.20 per share, with a total value of $130,500.00. Following the completion of the purchase, 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 acquired 13,900 shares of company stock worth $735,574. Company insiders own 1.01% of the company’s stock.

CarMax Stock Performance

Shares of CarMax stock opened at $63.24 on Monday. The firm’s fifty day simple moving average is $57.78 and its 200-day simple moving average is $48.25. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $65.28. The stock has a market capitalization of $8.97 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 2.90 and a beta of 1.17. 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 for the quarter, topping analysts’ consensus estimates of $0.96 by $0.35. CarMax had a net margin of 0.84% and a return on equity of 6.64%. The firm had revenue of $8.01 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same quarter in the prior year, the business earned $1.38 EPS. CarMax’s quarterly revenue was up 6.2% compared to the same quarter last year. As a group, equities analysts forecast that CarMax, Inc. will post 2.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

KMX has been the topic of several recent analyst reports. Zacks Research upgraded shares of CarMax from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 11th. Stephens upgraded shares of CarMax from an “equal weight” rating to an “overweight” rating and set a $66.00 target price for the company in a report on Thursday, June 18th. Robert W. Baird increased their target price on shares of CarMax from $48.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, June 18th. Morgan Stanley lifted their price target 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. Finally, UBS Group set a $60.00 price target on shares of CarMax in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, fourteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, CarMax currently has an average rating of “Hold” and a consensus price target of $51.00.

CarMax Company 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.