Leonard Rickey Investment Advisors P.L.L.C. Grows Stock Holdings in CarMax, Inc. (NYSE:KMX)

Leonard Rickey Investment Advisors P.L.L.C. boosted its position in CarMax, Inc. (NYSE:KMX) by 26.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,785 shares of the company’s stock after acquiring an additional 796 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in CarMax were worth $330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of CarMax in the 4th quarter valued at $288,278,000. Morningstar Investment Services LLC boosted its holdings in shares of CarMax by 95.4% in the 4th quarter. Morningstar Investment Services LLC now owns 2,717,326 shares of the company’s stock valued at $211,516,000 after purchasing an additional 1,326,840 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of CarMax by 674.3% in the 3rd quarter. American Century Companies Inc. now owns 806,716 shares of the company’s stock valued at $57,059,000 after purchasing an additional 702,526 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of CarMax by 5,711.9% in the 4th quarter. Verition Fund Management LLC now owns 427,176 shares of the company’s stock valued at $32,781,000 after purchasing an additional 419,826 shares during the last quarter. Finally, Rings Capital Management LLC lifted its holdings in shares of CarMax by 162.9% during the 4th quarter. Rings Capital Management LLC now owns 460,000 shares of the company’s stock valued at $35,300,000 after acquiring an additional 285,000 shares in the last quarter.

Insider Transactions at CarMax

In other news, SVP Jon G. Daniels sold 1,231 shares of the business’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $72,097.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $72,097.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now owns 6,977 shares of the company’s stock, valued at $485,110.81. The disclosure for this sale can be found here. Insiders own 1.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Truist Financial lifted their target price on shares of CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a report on Monday, June 24th. Wedbush restated an “outperform” rating and set a $90.00 target price on shares of CarMax in a report on Tuesday, June 18th. Royal Bank of Canada lifted their target price on shares of CarMax from $73.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, June 24th. Needham & Company LLC reduced their target price on shares of CarMax from $91.00 to $87.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Finally, Argus upgraded shares of CarMax to a “hold” rating in a report on Tuesday, June 25th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, CarMax presently has an average rating of “Hold” and a consensus target price of $75.50.

CarMax Stock Up 1.9 %

KMX stock traded up $1.32 during trading on Tuesday, reaching $72.53. The stock had a trading volume of 547,272 shares, compared to its average volume of 2,012,546. The firm has a fifty day moving average price of $70.72 and a 200 day moving average price of $74.04. The company has a market capitalization of $11.32 billion, a P/E ratio of 27.82, a PEG ratio of 1.45 and a beta of 1.69. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95.

CarMax (NYSE:KMX) last released its earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. The company had revenue of $7.11 billion during the quarter, compared to the consensus estimate of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The company’s revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS. On average, equities analysts anticipate that CarMax, Inc. will post 3.03 earnings per share for the current year.

CarMax Profile

CarMax, Inc, through its subsidiaries, operates as a retailer of used vehicles and related products in the United States. It operates in two segments: CarMax Sales Operations and CarMax Auto Finance. The CarMax Sales Operations segment offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; used vehicle auctions; extended protection plans to customers at the time of sale; and reconditioning and vehicle repair services.