Sona Chawla Purchases CarMax Shares

Sona Chawla, an insider at CarMax, Inc. (NYSE:KMX), purchased 2,000 shares of the company on June 25, 2026. She bought these shares at an average price of $53.39 each, resulting in a total transaction value of $106,780. This transaction was not part of a pre-planned trading program.

Insider Buying and Selling at CarMax, Inc.

Several insiders at CarMax have been active recently. On the same day as Chawla, Marcella Shinder purchased 574 shares at $52.01 each. The previous day, on June 24, Mark O'Neil bought 9,600 shares at an average price of $52.36. Earlier, on June 23, Thomas Folliard sold 14,855 shares but also bought 14,855 shares at $51.91 each.

Other Institutional Activity in CarMax

In the institutional arena, BlackRock trimmed its CarMax holdings by 592,747 shares, leaving it with 17,257,461 shares valued at approximately $717.6 million. AQR Capital Management boosted its stake by 2,130,157 shares, bringing its total to 10,060,502 shares worth about $412.6 million. Meanwhile, Vanguard Portfolio Management opened a new position with 7,276,272 shares valued at $302.5 million, and Starboard Value LP also initiated a stake with 6,201,362 shares worth $257.9 million.

CarMax, Inc. Stock Down 13.4%

Shares of CarMax traded near $52.88 on Saturday. The company, with a market cap of $7.49 billion, has a P/E ratio of 33.0 and a forward P/E of 17.4, indicating expected earnings growth. Its beta of 1.202 suggests moderate volatility relative to the market. Over the past year, CarMax shares have ranged from a low of $30.26 to a high of $71.99, with 50-day and 200-day moving averages of $43.14 and $43.27, respectively. The company's financial health is reflected in its current ratio of 2.705 and a debt-to-equity ratio of 307.787.

Analysts Set New Price Targets

On June 23, 2026, Morgan Stanley maintained a 'hold' rating on CarMax with a price target of $44. UBS also kept its 'hold' rating with a target of $57. Barclays and JP Morgan maintained 'sell' ratings with targets of $37 and $38, respectively. The consensus among analysts is a 'hold' rating, with an average price target of $51.31 based on 13 opinions.

About CarMax

CarMax, Inc., headquartered in Richmond, Virginia, operates as a leading retailer of used vehicles in the United States. The company offers a wide selection of makes and models, including luxury, hybrid, and electric vehicles, through its CarMax Sales Operations segment. It also provides financing options via CarMax Auto Finance. Founded in 1993, the company employs approximately 28,000 people under the leadership of CEO Keith Barr.

Bottom Line

Sona Chawla's purchase of CarMax shares highlights ongoing insider interest in the company. As the leading used vehicle retailer in the U.S., CarMax's financial metrics and analyst ratings suggest a mixed outlook. Investors keep a close eye on such insider transactions for potential insights into company health and future performance.