Geneos Wealth Management Inc. Has $504,000 Stock Position in CarMax, Inc. (NYSE:KMX)

Posted by Defense World Staff on Jul 13th, 2023

Geneos Wealth Management Inc. lowered its stake in CarMax, Inc. (NYSE:KMX – Free Report) by 9.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,845 shares of the company’s stock after selling 808 shares during the quarter. Geneos Wealth Management Inc.’s holdings in CarMax were worth $504,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KMX. CENTRAL TRUST Co increased its position in CarMax by 100.0% during the third quarter. CENTRAL TRUST Co now owns 400 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. General Partner Inc. acquired a new position in CarMax during the fourth quarter worth approximately $31,000. Covington Capital Management acquired a new position in CarMax during the third quarter worth approximately $39,000. ST Germain D J Co. Inc. acquired a new position in CarMax during the fourth quarter worth approximately $44,000. Finally, Money Concepts Capital Corp increased its position in CarMax by 654.6% during the fourth quarter. Money Concepts Capital Corp now owns 732 shares of the company’s stock worth $45,000 after buying an additional 635 shares during the last quarter.

CarMax Stock Down 0.1 %

NYSE KMX opened at $84.20 on Thursday. The business has a fifty day moving average price of $77.02 and a two-hundred day moving average price of $70.39. The company has a debt-to-equity ratio of 3.12, a current ratio of 2.54 and a quick ratio of 0.61. CarMax, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $106.24. The stock has a market capitalization of $13.32 billion, a PE ratio of 28.93, a PEG ratio of 1.63 and a beta of 1.44.

CarMax (NYSE:KMX – Get Free Report) last announced its quarterly earnings results on Friday, June 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.65. The company had revenue of $7.69 billion during the quarter, compared to the consensus estimate of $7.49 billion. CarMax had a net margin of 1.64% and a return on equity of 7.46%. The company’s revenue for the quarter was down 17.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.56 earnings per share. Equities analysts expect that CarMax, Inc. will post 2.82 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on KMX shares. StockNews.com started coverage on CarMax in a report on Thursday, May 18th. They set a “sell” rating for the company. Royal Bank of Canada boosted their price objective on CarMax from $70.00 to $90.00 in a report on Monday, June 26th. Truist Financial boosted their price target on CarMax from $64.00 to $82.00 in a research note on Monday, June 26th. Robert W. Baird boosted their price target on CarMax from $65.00 to $80.00 in a research note on Wednesday, April 12th. Finally, Evercore ISI boosted their price target on CarMax from $76.00 to $83.00 in a research note on Monday, June 26th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.00.

Insider Transactions at CarMax

In related news, SVP Jon G. Daniels sold 27,783 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $82.42, for a total value of $2,289,874.86. Following the completion of the sale, the senior vice president now directly owns 7,255 shares in the company, valued at $597,957.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other CarMax news, EVP Diane L. Cafritz sold 1,706 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $83.85, for a total transaction of $143,048.10. Following the sale, the executive vice president now owns 5,073 shares of the company’s stock, valued at $425,371.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jon G. Daniels sold 27,783 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $82.42, for a total transaction of $2,289,874.86. Following the sale, the senior vice president now directly owns 7,255 shares in the company, valued at approximately $597,957.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 229,865 shares of company stock worth $19,036,764. Corporate insiders own 1.66% of the company’s stock.

CarMax Profile

(Free Report)

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.