Legal & General Group Plc Buys 47,658 Shares of CarMax, Inc. $KMX

Legal & General Group Plc boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 395,775 shares of the company’s stock after acquiring an additional 47,658 shares during the period. Legal & General Group Plc owned approximately 0.28% of CarMax worth $15,293,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KMX. CYBER HORNET ETFs LLC bought a new stake in shares of CarMax during the second quarter valued at approximately $28,000. MUFG Securities EMEA plc bought a new position in CarMax in the second quarter worth $30,000. Center for Financial Planning Inc. bought a new position in CarMax in the third quarter worth $31,000. Advisory Services Network LLC acquired a new stake in CarMax during the third quarter worth $32,000. Finally, True Wealth Design LLC boosted its stake in CarMax by 54.3% during the fourth quarter. True Wealth Design LLC now owns 907 shares of the company’s stock worth $35,000 after buying an additional 319 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of CarMax from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “sell (d)” rating on shares of CarMax in a research report on Wednesday, April 8th. Stephens upped their target price on shares of CarMax from $39.00 to $43.00 and gave the company an “equal weight” rating in a research note on Thursday, April 2nd. Evercore set a $45.00 price target on shares of CarMax in a research report on Friday, April 10th. Finally, Bank of America started coverage on shares of CarMax in a research note on Wednesday, April 15th. They set an “underperform” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a Buy rating, fourteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, CarMax presently has an average rating of “Reduce” and an average target price of $41.27.

CarMax Stock Down 2.6%

Shares of NYSE KMX opened at $43.86 on Wednesday. CarMax, Inc. has a 52-week low of $30.26 and a 52-week high of $71.99. The company has a debt-to-equity ratio of 2.93, a quick ratio of 0.49 and a current ratio of 2.20. The business has a fifty day moving average of $40.69 and a two-hundred day moving average of $41.32. The stock has a market cap of $6.22 billion, a PE ratio of 27.41, a PEG ratio of 1.70 and a beta of 1.21.

CarMax (NYSE:KMX) last posted its earnings results on Tuesday, April 14th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.65 billion. CarMax had a net margin of 0.96% and a return on equity of 7.00%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.58 EPS. As a group, equities research analysts expect that CarMax, Inc. will post 2.3 earnings per share for the current fiscal year.

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.