Geneos Wealth Management Inc. Has $86,000 Position in CarMax, Inc. $KMX

Geneos Wealth Management Inc. lowered its holdings in CarMax, Inc. (NYSE:KMX) by 89.6% during the first quarter, Holdings Channel.com reports. The firm owned 2,077 shares of the company’s stock after selling 17,804 shares during the period. Geneos Wealth Management Inc.’s holdings in CarMax were worth $86,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Sanctuary Advisors LLC raised its holdings in shares of CarMax by 61.7% in the first quarter. Sanctuary Advisors LLC now owns 11,853 shares of the company’s stock valued at $493,000 after buying an additional 4,522 shares during the last quarter. Calamos Wealth Management LLC acquired a new position in CarMax during the 1st quarter worth about $293,000. Calamos Advisors LLC bought a new stake in CarMax during the 1st quarter worth about $293,000. Chicago Partners Investment Group LLC grew its holdings in CarMax by 85.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 20,151 shares of the company’s stock worth $798,000 after acquiring an additional 9,308 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in CarMax in the 1st quarter valued at about $378,000.

Insider Transactions at CarMax

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

CarMax Price Performance

Shares of KMX stock opened at $57.47 on Thursday. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 1.86 and a beta of 1.17. CarMax, Inc. has a 12 month low of $30.26 and a 12 month high of $63.74. The company has a quick ratio of 0.82, a current ratio of 2.70 and a debt-to-equity ratio of 2.87. The stock has a 50-day moving average price of $48.86 and a 200 day moving average price of $44.95.

CarMax (NYSE:KMX) last released its earnings results on Wednesday, June 17th. The company reported $1.31 earnings per share (EPS) for the quarter, beating 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 net margin of 0.84% and a return on equity of 6.64%. The company’s revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.38 EPS. Research analysts expect that CarMax, Inc. will post 2.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KMX shares. Argus raised shares of CarMax to a “hold” rating in a research note on Thursday, April 16th. Evercore set a $45.00 price target on shares of CarMax in a research note on Friday, April 10th. Barclays raised shares of CarMax from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $37.00 to $61.00 in a report on Tuesday. Morgan Stanley boosted their price objective on shares of CarMax from $35.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 23rd. Finally, Benchmark reaffirmed a “hold” rating on shares of CarMax in a report on Thursday, June 18th. Two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $49.33.

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.