BlackRock Fund Advisors has recently announced that it has increased stake in Carmax Inc (NYSE:KMX) by 0.71%. After grabbing 7.32 million shares, the institutional investor is now in possession of 51790.0 shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 4.61% having worth around $468.01 million. Moreover, Diamond Hill Capital Management, increased its share by 0.21 million to have a control over 5.55 million shares. And Janus Henderson Investors US LLC raised its holdings to 9426.0 shares by acquiring 4.57 million shares or 2.88% of the stake.
Carmax Inc (KMX) concluded trading on December 20, 2023 at a closing price of $74.68, with 3.69 million shares of worth about $275.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -4.65% during that period and On Wednesday the price saw a loss of about -2.56%. Currently the company’s common shares owned by public are about 158.08M shares, out of which, 158.00M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 401,580 shares in 39 of the transactions. In 23 selling transactions, insiders dumped 355,496 shares.
Principal Funds, Inc. – Mid Cap F, Vanguard Total Stock Market ETF, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Carmax Inc Principal Funds, Inc. – Mid Cap F is currently holding 6.29 million shares of worth totaling $402.49 million. The company recently came selling 57992.0 shares which brought its stake up to 3.97% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 8300.0 shares, after which its hold over company’s outstanding shares expand to 3.12%, leaving 4.95 million shares with the mutual fund that have a worth of about $316.21 million. Vanguard 500 Index Fund, after buying 3.82 million shares, have now control over 2.41% of the stake in the company. It holds 16714.0 shares of worth $244.2 million.
However, the stock later moved at a day high price of 77.17, or with a loss of -2.56%. Stock saw a price change of 5.11% in past 5 days and over the past one month there was a price change of 14.82%. Year-to-date (YTD), KMX shares are showing a performance of 22.65% which increased to 28.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $52.10 but also hit the highest price of $87.50 during that period. The average intraday trading volume for Carmax Inc shares is 2.33 million. The stock is currently trading 10.33% above its 20-day simple moving average (SMA20), while that difference is up 13.50% for SMA50 and it goes to 2.66% higher than SMA200.
BlackRock Fund Advisors acquired 7.32 million shares of Carmax Inc having value of about $468.01 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 51790.0 shares in the company valued at close to $3867677.2, or have control over 0.71% stake in the company. Carmax Inc (NYSE: KMX) currently have 158.08M outstanding shares and institutions hold larger chunk of about 105.64% of that. Holding of mutual funds in the company is about 50.32% while other institutional holders and individual stake holders have control over 55.59% and 3.21% of the stake respectively.
The stock has a current market capitalization of $11.85B and its 3Y-monthly beta is at 1.53. PE ratio of stock for trailing 12 months is 26.14, while it has posted earnings per share of $2.86 in the same period. Its PEG reads 1.58 and has Quick Ratio of 0.67 while making debt-to-equity ratio of 3.28. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KMX, volatility over the week remained 3.53% while standing at 3.11% over the month.
Analysts are in expectations that Carmax Inc (KMX) stock would likely to be making an EPS of $0.44 in the current quarter, while forecast for next quarter EPS is $0.52 and it is $3.6 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.28 which is $0.59 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.24 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.84% while it is estimated to increase by 25.30% in next year. EPS is likely to grow at an annualized rate of 16.50% for next 5-years, compared to annual growth of -3.36% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wedbush on September 25, 2023 offering an Outperform rating for the stock and assigned a target price range of between $85 and $90 to it.
