Mark Oneil Acquires 9,600 Shares of CarMax, Inc.

Mark Oneil, an insider at CarMax, Inc. (NYSE:KMX), made a notable purchase on June 24, 2026. He acquired 9,600 shares at an average price of $52.36 each, amounting to a total transaction value of $502,656. This purchase was not part of a pre-planned trading program.

Other Institutional Activity in CarMax, Inc.

Several institutional investors have also been active in CarMax recently. BlackRock, Inc. reduced its holdings by 592,747 shares, ending with 17,257,461 shares valued at approximately $717.6 million, marking a 3.3% decrease. In contrast, AQR Capital Management LLC boosted its stake by 2,130,157 shares, now holding 10,060,502 shares worth about $412.6 million, a 26.9% increase. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, with 7,276,272 and 6,386,764 shares respectively, valued at $302.5 million and $265.6 million. Starboard Value LP also initiated a stake with 6,201,362 shares valued at $257.9 million.

CarMax, Inc. Stock Down 15.1%

Shares of NYSE:KMX traded near $52.88 on Saturday. CarMax boasts a market capitalization of $7.49 billion and a P/E ratio of 33.0. The company has a beta of 1.202, indicating its stock is more volatile than the market. The 52-week range for the stock is between $30.26 and $71.99, with a 50-day moving average of $43.14 and a 200-day moving average of $43.27. CarMax maintains a current ratio of 2.705 and a quick ratio of 0.184, with a significant debt-to-equity ratio of 307.787.

Recent Earnings

CarMax reported revenue of $28.2 billion, reflecting a growth rate of 5.5%. The company's earnings per share stand at $1.60, with a net margin of 0.789%. Return on equity is 3.588%. The next earnings report is anticipated on September 29, 2026.

Insider Buying and Selling at CarMax, Inc.

Recent insider activity at CarMax includes purchases by Marcella Shinder and Sona Chawla, who bought 574 shares at $52.01 and 2,000 shares at $53.39, respectively, on June 25, 2026. Meanwhile, Thomas Folliard sold 14,855 shares on June 23, 2026, and later bought 14,855 shares at $51.91.

Analysts Set New Price Targets

On June 23, 2026, Morgan Stanley and UBS both maintained their 'hold' ratings on CarMax, with price targets of $44.00 and $57.00, respectively. Barclays reiterated a 'sell' rating with a target of $37.00. Overall, the consensus among analysts is 'hold', with a mean target price of $51.31 based on 13 opinions.

About CarMax, Inc.

CarMax, Inc., based in Richmond, Virginia, is a leading retailer of used vehicles in the United States. The company operates through two main segments: CarMax Sales Operations and CarMax Auto Finance. It offers a wide range of used vehicles, including domestic, imported, and luxury models, as well as financing options. Led by CEO Mr. Keith Barr, CarMax employs about 28,000 people.

Bottom Line

Mark Oneil's recent purchase of CarMax shares is a notable insider transaction, reflecting confidence in the company. CarMax, a major player in the used vehicle market, continues to attract attention from both institutional investors and analysts. As always, it's important to remember that insider transactions are disclosed after they occur and may not reflect the current position.