Kera Capital Partners Inc. Invests $323,000 in CarMax, Inc. $KMX

Kera Capital Partners Inc. acquired a new position in CarMax, Inc. (NYSE:KMX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,800 shares of the company’s stock, valued at approximately $323,000.

Other institutional investors have also made changes to their positions in the company. Zions Bancorporation National Association UT bought a new stake in shares of CarMax in the first quarter worth $27,000. Accent Capital Management LLC acquired a new position in CarMax during the first quarter worth $34,000. Strengthening Families & Communities LLC increased its holdings in CarMax by 93.1% during the first quarter. Strengthening Families & Communities LLC now owns 531 shares of the company’s stock worth $39,000 after buying an additional 256 shares during the last quarter. Ameriflex Group Inc. acquired a new position in CarMax during the fourth quarter worth $53,000. Finally, Quarry LP increased its holdings in CarMax by 50.5% during the first quarter. Quarry LP now owns 694 shares of the company’s stock worth $54,000 after buying an additional 233 shares during the last quarter.

CarMax Price Performance

NYSE:KMX opened at $59.81 on Friday. CarMax, Inc. has a one year low of $54.53 and a one year high of $91.25. The company has a market cap of $8.98 billion, a P/E ratio of 16.52, a P/E/G ratio of 1.00 and a beta of 1.35. The firm’s fifty day moving average price is $60.38 and its two-hundred day moving average price is $66.27. The company has a debt-to-equity ratio of 2.86, a current ratio of 2.39 and a quick ratio of 0.80.

CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, June 20th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.18 by $0.20. CarMax had a net margin of 2.09% and a return on equity of 9.11%. The firm had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the previous year, the company earned $0.97 earnings per share. The company’s quarterly revenue was up 6.1% on a year-over-year basis. Equities analysts expect that CarMax, Inc. will post 3.23 earnings per share for the current year.

Insider Activity at CarMax

In related news, EVP Jon G. Daniels sold 1,540 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $70.64, for a total value of $108,785.60. Following the transaction, the executive vice president directly owned 2,779 shares in the company, valued at approximately $196,308.56. This represents a 35.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

KMX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of CarMax from an “underweight” rating to a “neutral” rating and lowered their target price for the stock from $65.00 to $58.00 in a report on Wednesday, August 6th. Benchmark initiated coverage on shares of CarMax in a report on Thursday, July 17th. They set a “buy” rating and a $75.00 target price on the stock. Truist Financial boosted their target price on shares of CarMax from $72.00 to $74.00 and gave the stock a “hold” rating in a report on Monday, June 23rd. Mizuho lowered their target price on shares of CarMax from $80.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, July 3rd. Finally, Wedbush reiterated an “outperform” rating and issued a $84.00 price objective on shares of CarMax in a report on Tuesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CarMax currently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

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.