CarMax, Inc. (NYSE:KMX) Shares Purchased by Lindbrook Capital LLC

Lindbrook Capital LLC raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 32.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 628 shares of the company’s stock after buying an additional 155 shares during the quarter. Lindbrook Capital LLC’s holdings in CarMax were worth $48,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of CarMax by 153.3% during the fourth quarter. Allworth Financial LP now owns 342 shares of the company’s stock valued at $26,000 after acquiring an additional 207 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its holdings in CarMax by 1,081.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company’s stock valued at $34,000 after purchasing an additional 400 shares in the last quarter. Mendota Financial Group LLC acquired a new stake in shares of CarMax during the 4th quarter worth about $37,000. Federated Hermes Inc. purchased a new stake in shares of CarMax during the fourth quarter worth about $62,000. Finally, Harbor Investment Advisory LLC grew its holdings in shares of CarMax by 38.4% during the fourth quarter. Harbor Investment Advisory LLC now owns 858 shares of the company’s stock worth $66,000 after buying an additional 238 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on KMX shares. JPMorgan Chase & Co. decreased their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a research report on Monday, April 15th. Bank of America raised their price objective on CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a report on Thursday, February 29th. Oppenheimer reiterated an “outperform” rating and issued a $105.00 target price on shares of CarMax in a research note on Tuesday, April 9th. Mizuho decreased their price target on CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Finally, Robert W. Baird dropped their price objective on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating for the company in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $77.42.

Insider Buying and Selling at CarMax

In other news, VP Jill A. Livesay sold 14,199 shares of the company’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total value of $1,006,567.11. Following the completion of the sale, the vice president now owns 9,068 shares of the company’s stock, valued at $642,830.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other CarMax news, EVP Diane L. Cafritz sold 15,356 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the completion of the transaction, the executive vice president now directly owns 6,977 shares of the company’s stock, valued at approximately $485,110.81. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jill A. Livesay sold 14,199 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total value of $1,006,567.11. Following the sale, the vice president now owns 9,068 shares of the company’s stock, valued at $642,830.52. The disclosure for this sale can be found here. 1.66% of the stock is currently owned by corporate insiders.

CarMax Stock Down 1.5 %

KMX opened at $69.22 on Friday. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The firm has a 50 day moving average price of $78.03 and a 200 day moving average price of $72.09. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The company has a market cap of $10.89 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.16 and a beta of 1.61.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.13). The business had revenue of $5.63 billion during the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. CarMax’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. Sell-side analysts expect that CarMax, Inc. will post 3.3 earnings per share for the current year.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.