CarMax, Inc. (NYSE:KMX) is BlueDrive Global Investors LLP's 9th Largest Position

BlueDrive Global Investors LLP trimmed its stake in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 26.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,581 shares of the company's stock after selling 15,169 shares during the quarter. CarMax makes up 3.8% of BlueDrive Global Investors LLP's investment portfolio, making the stock its 9th largest position. BlueDrive Global Investors LLP's holdings in CarMax were worth $3,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. First Community Trust NA bought a new position in shares of CarMax during the second quarter valued at about $29,000. Quarry LP lifted its holdings in CarMax by 78.6% in the 2nd quarter. Quarry LP now owns 418 shares of the company's stock worth $31,000 after buying an additional 184 shares during the period. Blue Trust Inc. grew its position in shares of CarMax by 134.1% in the 2nd quarter. Blue Trust Inc. now owns 501 shares of the company's stock worth $37,000 after buying an additional 287 shares during the last quarter. Studio Investment Management LLC increased its stake in shares of CarMax by 176.7% during the second quarter. Studio Investment Management LLC now owns 523 shares of the company's stock valued at $38,000 after buying an additional 334 shares during the period. Finally, Headlands Technologies LLC bought a new position in shares of CarMax during the first quarter valued at approximately $55,000.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $55.00 to $65.00 and gave the company an "underweight" rating in a research report on Thursday, September 19th. Truist Financial increased their price target on shares of CarMax from $70.00 to $75.00 and gave the stock a "hold" rating in a research note on Monday, September 23rd. Oppenheimer restated an "outperform" rating and issued a $105.00 price objective on shares of CarMax in a report on Friday, October 4th. Evercore ISI upped their target price on CarMax from $76.00 to $79.00 and gave the stock an "in-line" rating in a report on Thursday. Finally, Morgan Stanley restated an "overweight" rating and issued a $80.00 target price on shares of CarMax in a research note on Friday, June 21st. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $79.73.

Insider Transactions at CarMax

In other CarMax news, COO Charles Joseph Wilson sold 10,021 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now directly owns 15,609 shares in the company, valued at approximately $1,249,032.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, COO Charles Joseph Wilson sold 10,021 shares of the firm's stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $80.02, for a total transaction of $801,880.42. Following the sale, the chief operating officer now owns 15,609 shares of the company's stock, valued at $1,249,032.18. This trade represents a 0.00 % decrease in their position. The sale 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 business's stock in a transaction that occurred on Friday, July 26th. The shares were 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 of the company's stock, valued at $965,567.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.66% of the company's stock.

CarMax Stock Down 0.6 %

CarMax stock traded down $0.42 during mid-day trading on Friday, hitting $74.70. The company had a trading volume of 1,198,301 shares, compared to its average volume of 1,935,821. CarMax, Inc. has a 12 month low of $59.66 and a 12 month high of $88.22. The company has a current ratio of 2.25, a quick ratio of 0.68 and a debt-to-equity ratio of 2.93. The stock's 50 day moving average price is $78.02 and its two-hundred day moving average price is $75.25. The company has a market capitalization of $11.66 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68.

CarMax (NYSE:KMX - Get Free Report) last announced its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). The firm had revenue of $7.01 billion during the quarter, compared to the consensus estimate of $6.83 billion. CarMax had a return on equity of 6.83% and a net margin of 1.61%. The business's revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, sell-side analysts anticipate that CarMax, Inc. will post 2.97 earnings per share 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.