Candriam S.C.A. Has $759,000 Stock Holdings in CarMax, Inc. (NYSE:KMX)

Candriam S.C.A. lowered its position in CarMax, Inc. (NYSE:KMX - Free Report) by 93.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,349 shares of the company's stock after selling 140,820 shares during the period. Candriam S.C.A.'s holdings in CarMax were worth $759,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. First Community Trust NA acquired a new position in shares of CarMax in the second quarter valued at approximately $29,000. Blue Trust Inc. increased its holdings in CarMax by 134.1% during the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock worth $37,000 after purchasing an additional 287 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of CarMax in the 1st quarter valued at about $55,000. First Financial Corp IN lifted its holdings in shares of CarMax by 127.2% in the first quarter. First Financial Corp IN now owns 1,045 shares of the company's stock valued at $91,000 after purchasing an additional 585 shares in the last quarter. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of CarMax during the fourth quarter worth about $106,000.

CarMax Stock Performance

KMX traded up $1.08 during trading on Thursday, hitting $76.28. The stock had a trading volume of 1,206,674 shares, compared to its average volume of 1,898,609. The company has a debt-to-equity ratio of 2.95, a current ratio of 2.50 and a quick ratio of 0.60. The company has a 50 day moving average price of $79.99 and a 200-day moving average price of $76.50. CarMax, Inc. has a one year low of $59.66 and a one year high of $88.22. The firm has a market cap of $11.91 billion, a price-to-earnings ratio of 29.80, a P/E/G ratio of 1.62 and a beta of 1.69.

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

Insider Buying and Selling at CarMax

In other CarMax news, CEO William D. Nash sold 120,000 shares of the firm's stock in a transaction 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 transaction, 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 available through this hyperlink. In other CarMax news, CEO William D. Nash sold 120,000 shares of the firm's stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company's stock, valued at approximately $14,465,600.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mohammad Shamim sold 25,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 11,738 shares of the company's stock, valued at approximately $965,567.88. The disclosure for this sale can be found here. Insiders sold 185,243 shares of company stock valued at $14,893,042 in the last quarter. Company insiders own 1.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KMX. Truist Financial boosted their price target on shares of CarMax from $66.00 to $70.00 and gave the stock a "hold" rating in a research report on Monday, June 24th. Mizuho reduced their price target on CarMax from $75.00 to $72.00 and set a "neutral" rating for the company in a research report on Tuesday, June 18th. Morgan Stanley reaffirmed an "overweight" rating and set a $80.00 price target on shares of CarMax in a research report on Friday, June 21st. Argus upgraded shares of CarMax to a "hold" rating in a research note on Tuesday, June 25th. Finally, Evercore ISI boosted their price objective on shares of CarMax from $68.00 to $72.00 and gave the stock an "in-line" rating in a research note on Tuesday, July 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, CarMax currently has an average rating of "Hold" and an average target price of $76.25.

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.