Bard Financial Services Inc. Purchases 660 Shares of CarMax, Inc. (NYSE:KMX)

Bard Financial Services Inc. boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,710 shares of the company’s stock after acquiring an additional 660 shares during the quarter. Bard Financial Services Inc.’s holdings in CarMax were worth $3,247,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KMX. World Investment Advisors LLC bought a new stake in CarMax in the third quarter worth $6,942,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CarMax by 3.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 351,361 shares of the company’s stock valued at $27,188,000 after acquiring an additional 10,898 shares during the last quarter. Eagle Rock Investment Company LLC bought a new position in shares of CarMax in the 3rd quarter valued at approximately $747,000. Neo Ivy Capital Management acquired a new stake in CarMax in the 3rd quarter worth approximately $3,934,000. Finally, iSAM Funds UK Ltd bought a new stake in CarMax during the third quarter worth approximately $537,000.

Insider Activity

In other news, CEO William D. Nash sold 120,513 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the completion of the sale, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. The trade was a 46.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 228,744 shares of company stock worth $18,990,227. 1.66% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Mizuho raised their target price on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research note on Friday, September 27th. Truist Financial lifted their price target on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Finally, Stephens began coverage on CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $85.17.

CarMax Price Performance

CarMax stock traded down $0.02 during mid-day trading on Monday, hitting $80.05. 694,901 shares of the company were exchanged, compared to its average volume of 1,440,724. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93. The business has a fifty day moving average of $80.97 and a 200 day moving average of $78.63. The company has a market capitalization of $12.40 billion, a PE ratio of 30.09, a price-to-earnings-growth ratio of 1.74 and a beta of 1.71.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. CarMax had a net margin of 1.61% and a return on equity of 6.83%. The company’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share. As a group, sell-side analysts expect that CarMax, Inc. will post 3.01 earnings per share for the current year.

CarMax 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.