Sheaff Brock Investment Advisors LLC Acquires New Position in CarMax Inc (KMX)

Sheaff Brock Investment Advisors LLC acquired a new stake in shares of CarMax Inc (NYSE:KMX) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,095 shares of the company’s stock, valued at approximately $235,000.

Several other large investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in CarMax by 3.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 643,066 shares of the company’s stock worth $40,552,000 after buying an additional 24,390 shares during the period. Calamos Advisors LLC lifted its holdings in CarMax by 20.3% in the second quarter. Calamos Advisors LLC now owns 341,647 shares of the company’s stock worth $21,544,000 after buying an additional 57,657 shares during the period. Principal Financial Group Inc. lifted its holdings in CarMax by 8.3% in the second quarter. Principal Financial Group Inc. now owns 9,177,018 shares of the company’s stock worth $578,702,000 after buying an additional 706,369 shares during the period. Prudential Financial Inc. lifted its holdings in CarMax by 6.1% in the third quarter. Prudential Financial Inc. now owns 272,325 shares of the company’s stock worth $20,645,000 after buying an additional 15,545 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in CarMax by 16.1% in the second quarter. Victory Capital Management Inc. now owns 21,633 shares of the company’s stock worth $1,364,000 after buying an additional 3,002 shares during the period.

CarMax Inc (KMX) traded down $2.99 during trading hours on Wednesday, reaching $67.72. 3,143,600 shares of the company’s stock were exchanged, compared to its average volume of 2,226,024. The company has a debt-to-equity ratio of 3.82, a quick ratio of 0.48 and a current ratio of 2.33. CarMax Inc has a fifty-two week low of $54.29 and a fifty-two week high of $77.64. The company has a market cap of $12,892.55, a P/E ratio of 19.43, a PEG ratio of 1.19 and a beta of 1.48.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.03. CarMax had a net margin of 4.09% and a return on equity of 21.88%. The firm had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities analysts predict that CarMax Inc will post 3.84 earnings per share for the current year.

In related news, Director William R. Tiefel sold 23,000 shares of CarMax stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $76.39, for a total transaction of $1,756,970.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Mohammad Shamim sold 1,300 shares of CarMax stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $76.10, for a total transaction of $98,930.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 625,955 shares of company stock valued at $46,214,378. Insiders own 1.90% of the company’s stock.

KMX has been the subject of several recent research reports. Oppenheimer lowered shares of CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. in a report on Thursday, October 5th. Zacks Investment Research upgraded shares of CarMax from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a report on Friday, September 8th. CIBC lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the company an “outperform” rating in a report on Tuesday, September 19th. Royal Bank Of Canada lifted their target price on shares of CarMax from $77.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, September 25th. Finally, Deutsche Bank reiterated a “buy” rating and set a $84.00 target price on shares of CarMax in a report on Monday, September 25th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $77.00.

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About CarMax

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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