CarMax, Inc. $KMX Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of CarMax, Inc. (NYSE:KMX) by 1.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 687,007 shares of the company’s stock after selling 10,770 shares during the period. Principal Financial Group Inc.’s holdings in CarMax were worth $28,566,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of KMX. CYBER HORNET ETFs LLC acquired a new position in CarMax in the 2nd quarter valued at $28,000. MUFG Securities EMEA plc purchased a new position in shares of CarMax during the 2nd quarter worth $30,000. Huntington National Bank boosted its holdings in shares of CarMax by 62.4% during the fourth quarter. Huntington National Bank now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 265 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of CarMax during the third quarter worth $32,000. Finally, Commonwealth Retirement Investments LLC purchased a new stake in shares of CarMax in the fourth quarter valued at $33,000.

CarMax Price Performance

KMX stock opened at $57.37 on Monday. The company has a market cap of $8.14 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 1.85 and a beta of 1.17. The company has a current ratio of 2.70, a quick ratio of 0.82 and a debt-to-equity ratio of 2.87. The stock has a 50-day moving average price of $47.73 and a two-hundred day moving average price of $44.57. CarMax, Inc. has a 12-month low of $30.26 and a 12-month high of $63.74.

CarMax (NYSE:KMX) last released its quarterly earnings data on Wednesday, June 17th. The company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.35. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.42 billion. CarMax had a return on equity of 6.64% and a net margin of 0.84%.The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business posted $1.38 EPS. As a group, research analysts predict that CarMax, Inc. will post 2.7 EPS for the current year.

Insider Buying and Selling

In other CarMax news, Director Peter J. Bensen bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was purchased at an average price of $52.20 per share, with a total value of $130,500.00. Following the transaction, the director owned 24,796 shares in the company, valued at $1,294,351.20. This trade represents a 11.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sona Chawla purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average price of $53.39 per share, for a total transaction of $106,780.00. Following the acquisition, the director directly owned 21,702 shares of the company’s stock, valued at $1,158,669.78. This trade represents a 10.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 13,900 shares of company stock valued at $735,574. 1.01% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KMX shares. Morgan Stanley upped their target price on CarMax from $35.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 23rd. Benchmark reissued a “hold” rating on shares of CarMax in a research note on Thursday, June 18th. UBS Group lifted their price target on CarMax from $42.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday, June 23rd. Evercore set a $45.00 price objective on shares of CarMax in a report on Friday, April 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CarMax in a research report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $47.73.

CarMax Company Profile

CarMax (NYSE: KMX) is a leading retailer of used vehicles in the United States, offering customers a streamlined, no-haggle purchasing experience. The company’s inventory spans a broad range of makes and models, each of which undergoes a comprehensive inspection process before being offered for sale. Customers can shop in person at CarMax’s retail locations or browse the company’s online platform, which provides detailed vehicle histories, virtual tours and contactless purchasing options.

Originally launched in 1993 as a division of Circuit City, CarMax became an independent, publicly traded company in 1997.