CarMax, Inc. (NYSE:KMX) Shares Purchased by Capital Performance Advisors LLP

Capital Performance Advisors LLP raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 124.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,894 shares of the company’s stock after purchasing an additional 1,604 shares during the period. Capital Performance Advisors LLP’s holdings in CarMax were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of KMX. State Street Corp increased its position in shares of CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after acquiring an additional 36,959 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after acquiring an additional 28,466 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CarMax by 0.4% in the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock worth $282,479,000 after acquiring an additional 14,903 shares in the last quarter. FMR LLC increased its position in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of CarMax by 0.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company’s stock worth $116,869,000 after acquiring an additional 11,865 shares in the last quarter.

CarMax Trading Up 1.5 %

NYSE KMX opened at $88.91 on Monday. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 30.14, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72. The company’s fifty day moving average price is $83.38 and its two-hundred day moving average price is $79.80.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, research analysts predict that CarMax, Inc. will post 3.22 earnings per share for the current fiscal year.

Insider Transactions at CarMax

In other news, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value of $10,031,502.12. Following the transaction, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares in the company, valued at approximately $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Evercore ISI raised shares of CarMax from an “in-line” rating to an “outperform” rating and raised their price target for the company from $90.00 to $110.00 in a report on Thursday, February 6th. Needham & Company LLC raised their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada raised their price target on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Finally, StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $87.50.

About CarMax

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.