Kinsale Capital Group Inc. Increases Stock Holdings in CarMax, Inc. $KMX

Kinsale Capital Group Inc. boosted its stake in CarMax, Inc. (NYSE:KMX) by 21.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 146,993 shares of the company’s stock after buying an additional 25,850 shares during the quarter. Kinsale Capital Group Inc.’s holdings in CarMax were worth $6,112,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of CarMax by 0.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 31,389 shares of the company’s stock valued at $2,446,000 after purchasing an additional 173 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in CarMax by 3.1% during the first quarter. Jones Financial Companies Lllp now owns 5,372 shares of the company’s stock worth $419,000 after purchasing an additional 161 shares during the last quarter. Empowered Funds LLC grew its position in CarMax by 12.5% in the 1st quarter. Empowered Funds LLC now owns 5,273 shares of the company’s stock worth $411,000 after purchasing an additional 585 shares in the last quarter. Intech Investment Management LLC grew its position in CarMax by 61.7% in the 1st quarter. Intech Investment Management LLC now owns 19,143 shares of the company’s stock worth $1,492,000 after purchasing an additional 7,307 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in CarMax in the 1st quarter valued at about $727,000.

Insider Transactions at CarMax

In related news, Director Peter J. Bensen purchased 2,500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were bought at an average price of $52.20 per share, with a total value of $130,500.00. Following the acquisition, the director owned 24,796 shares of the company’s stock, valued at $1,294,351.20. This trade represents a 11.21% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Keith Barr purchased 9,400 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average cost of $53.01 per share, for a total transaction of $498,294.00. Following the acquisition, the chief executive officer directly owned 33,375 shares in the company, valued at $1,769,208.75. This trade represents a 39.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 13,900 shares of company stock worth $735,574 in the last quarter. Insiders own 1.01% of the company’s stock.

CarMax Stock Performance

NYSE KMX opened at $57.37 on Friday. The company has a market capitalization of $8.14 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 1.85 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 $63.74. The company has a 50-day simple moving average of $47.73 and a 200 day simple moving average of $44.53.

CarMax (NYSE:KMX) last released its earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $7.42 billion. During the same period in the previous year, the company earned $1.38 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, research analysts predict that CarMax, Inc. will post 2.7 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on KMX shares. Royal Bank Of Canada lifted their target price on shares of CarMax from $41.00 to $45.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Stephens raised 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. UBS Group increased their price target on CarMax from $42.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, June 23rd. JPMorgan Chase & Co. lifted their price target on CarMax from $37.00 to $38.00 and gave the stock an “underweight” rating in a report on Thursday, June 18th. Finally, Evercore set a $45.00 price objective on CarMax in a research report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $47.73.

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.