Hantz Financial Services Inc. Makes New $9.93 Million Investment in CarMax, Inc. (NYSE:KMX)

Hantz Financial Services Inc. purchased a new position in shares of CarMax, Inc. (NYSE:KMX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 135,354 shares of the company's stock, valued at approximately $9,927,000. Hantz Financial Services Inc. owned approximately 0.09% of CarMax at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KMX. Vanguard Group Inc. increased its holdings in shares of CarMax by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 18,076,909 shares of the company's stock valued at $1,387,222,000 after purchasing an additional 222,132 shares during the last quarter. Norges Bank acquired a new position in shares of CarMax in the fourth quarter valued at $288,278,000. Morningstar Investment Services LLC increased its holdings in shares of CarMax by 95.4% in the fourth 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. First Pacific Advisors LP increased its holdings in shares of CarMax by 0.3% in the first quarter. First Pacific Advisors LP now owns 2,339,026 shares of the company's stock valued at $203,753,000 after purchasing an additional 7,481 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of CarMax by 9.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,930,606 shares of the company's stock valued at $148,168,000 after purchasing an additional 164,024 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Mizuho decreased their price target on shares of CarMax from $75.00 to $72.00 and set a "neutral" rating on the stock in a research note on Tuesday, June 18th. Truist Financial upped their price target on shares of CarMax from $66.00 to $70.00 and gave the company a "hold" rating in a research note on Monday, June 24th. Needham & Company LLC decreased their price target on shares of CarMax from $91.00 to $87.00 and set a "buy" rating on the stock in a research note on Monday, June 24th. Wedbush restated an "outperform" rating and issued a $95.00 price target on shares of CarMax in a research note on Friday, August 16th. Finally, Evercore ISI upped their price target on shares of CarMax from $68.00 to $72.00 and gave the company an "in-line" rating in a research note on Tuesday, July 16th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, CarMax presently has a consensus rating of "Hold" and a consensus price target of $76.25.

Insider Transactions at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total value of $777,680.28. Following the completion of the transaction, the chief financial officer now owns 20,260 shares of the company's stock, valued at $1,690,899.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CarMax news, EVP Mohammad Shamim sold 25,000 shares of the firm's stock in a transaction on Friday, July 26th. The stock was sold at an average price of $82.26, for a total transaction of $2,056,500.00. Following the transaction, the executive vice president now directly owns 11,738 shares in the company, valued at approximately $965,567.88. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the firm's stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total value of $777,680.28. Following the transaction, the chief financial officer now owns 20,260 shares in the company, valued at $1,690,899.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,243 shares of company stock valued at $14,893,042. 1.66% of the stock is currently owned by insiders.

CarMax Price Performance

CarMax stock traded down $0.76 during trading hours on Friday, reaching $84.55. 1,163,560 shares of the stock were exchanged, compared to its average volume of 1,444,289. The company has a market cap of $13.20 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 1.72 and a beta of 1.69. 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, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The stock has a 50 day moving average of $78.69 and a two-hundred day moving average of $76.05.

CarMax (NYSE:KMX - Get Free Report) last posted its earnings results on Friday, June 21st. The company reported $0.97 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.03. The firm had revenue of $7.11 billion during the quarter, compared to analysts' expectations of $7.16 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business's revenue for the quarter was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.16 earnings per share. Equities analysts expect that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

About CarMax

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.