Natixis Advisors LLC Grows Position in CarMax, Inc. (NYSE:KMX)

Natixis Advisors LLC grew its position in CarMax, Inc. (NYSE:KMX - Free Report) by 110.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 563,608 shares of the company's stock after buying an additional 295,271 shares during the quarter. Natixis Advisors LLC owned 0.36% of CarMax worth $41,335,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets increased its position in CarMax by 16.4% during the 4th quarter. BNP Paribas Financial Markets now owns 127,402 shares of the company's stock worth $9,777,000 after purchasing an additional 17,973 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of CarMax by 29.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 167,138 shares of the company's stock valued at $14,573,000 after buying an additional 37,660 shares during the period. Fairview Capital Investment Management LLC raised its holdings in shares of CarMax by 7.0% during the 4th quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company's stock valued at $19,302,000 after buying an additional 16,438 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of CarMax during the 4th quarter valued at about $5,637,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in CarMax by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 991,111 shares of the company's stock worth $76,058,000 after purchasing an additional 30,107 shares during the last quarter.

Insider Transactions at CarMax

In other news, CEO William D. Nash sold 120,000 shares of the company's stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the sale, the chief executive officer now owns 181,683 shares in the company, valued at approximately $14,465,600.46. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CEO William D. Nash sold 120,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the completion of the sale, the chief executive officer now owns 181,683 shares in the company, valued at approximately $14,465,600.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Charles Joseph Wilson sold 10,021 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total value of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares of the company's stock, valued at approximately $1,249,032.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,243 shares of company stock worth $14,893,042. 1.66% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have issued reports on KMX. Needham & Company LLC dropped their price objective on CarMax from $91.00 to $87.00 and set a "buy" rating on the stock in a report on Monday, June 24th. Morgan Stanley reiterated an "overweight" rating and set a $80.00 price target on shares of CarMax in a research report on Friday, June 21st. Royal Bank of Canada upped their price objective on CarMax from $73.00 to $75.00 and gave the company an "outperform" rating in a report on Monday, June 24th. Truist Financial upped their price objective on CarMax from $66.00 to $70.00 and gave the company a "hold" rating in a report on Monday, June 24th. Finally, Wedbush reissued an "outperform" rating and set a $95.00 price target on shares of CarMax in a research report on Friday, August 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $76.25.

CarMax Stock Down 0.9 %

Shares of KMX traded down $0.76 during trading hours on Monday, hitting $84.55. 1,163,500 shares of the company were exchanged, compared to its average volume of 1,914,453. The company has a market cap of $13.20 billion, a PE ratio of 33.03, a PEG ratio of 1.72 and a beta of 1.69. The firm's 50 day moving average is $78.92 and its 200-day moving average is $76.14. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50.

CarMax (NYSE:KMX - Get Free Report) last released its quarterly earnings results on Friday, June 21st. The company reported $0.97 earnings per share (EPS) 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 return on equity of 6.64% and a net margin of 1.55%. The firm's revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. On average, equities research analysts forecast that CarMax, Inc. will post 2.99 EPS for the current fiscal year.

CarMax Company 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.