OLD National Bancorp IN Has $15.11 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

OLD National Bancorp IN lowered its stake in CarMax, Inc. (NYSE:KMX) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 205,969 shares of the company’s stock after selling 5,987 shares during the quarter. OLD National Bancorp IN owned about 0.13% of CarMax worth $15,106,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Tilia Fiduciary Partners Inc. raised its position in shares of CarMax by 10.6% in the 2nd quarter. Tilia Fiduciary Partners Inc. now owns 27,316 shares of the company’s stock valued at $2,003,000 after acquiring an additional 2,610 shares during the period. Triangle Securities Wealth Management bought a new stake in CarMax in the second quarter valued at approximately $972,000. CWM LLC raised its holdings in CarMax by 69.6% in the second quarter. CWM LLC now owns 17,776 shares of the company’s stock worth $1,304,000 after purchasing an additional 7,294 shares during the period. Hilltop National Bank boosted its position in shares of CarMax by 12.6% during the second quarter. Hilltop National Bank now owns 1,969 shares of the company’s stock worth $144,000 after purchasing an additional 221 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new position in shares of CarMax in the 2nd quarter valued at $7,736,000.

Wall Street Analyst Weigh In

KMX has been the topic of several recent analyst reports. Royal Bank of Canada lifted their target price on CarMax from $73.00 to $75.00 and gave the stock an “outperform” rating in a report on Monday, June 24th. Truist Financial boosted their price objective on CarMax from $66.00 to $70.00 and gave the company a “hold” rating in a research report on Monday, June 24th. Argus upgraded shares of CarMax to a “hold” rating in a report on Tuesday, June 25th. Robert W. Baird cut their price target on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Finally, Oppenheimer reissued an “outperform” rating and set a $105.00 price objective on shares of CarMax in a research report on Monday, June 24th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $76.25.

CarMax Stock Down 0.2 %

NYSE KMX traded down $0.14 during trading hours on Friday, hitting $75.69. 1,486,734 shares of the company traded hands, compared to its average volume of 1,984,297. The company has a debt-to-equity ratio of 2.95, a quick ratio of 0.60 and a current ratio of 2.50. The business’s 50-day moving average is $75.42 and its 200-day moving average is $75.03. The stock has a market capitalization of $11.81 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 1.66 and a beta of 1.69. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22.

CarMax (NYSE:KMX) last released its earnings results on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The business had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same period last year, the business earned $1.16 earnings per share. The firm’s revenue was down 7.5% on a year-over-year basis. Sell-side analysts anticipate that CarMax, Inc. will post 2.99 earnings per share for the current year.

Insider Activity

In other news, SVP Jon G. Daniels sold 1,231 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total value of $89,198.26. Following the completion of the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at $72,097.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Jon G. Daniels sold 1,231 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total value of $89,198.26. Following the transaction, the senior vice president now directly owns 995 shares of the company’s stock, valued at $72,097.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the sale, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $14,465,600.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 185,243 shares of company stock valued at $14,893,042. 1.66% of the stock is owned by company insiders.

CarMax Company Profile

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.