Xponance Inc. Has $1.99 Million Stake in CarMax, Inc. (NYSE:KMX)

Xponance Inc. reduced its stake in CarMax, Inc. (NYSE:KMX) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,324 shares of the company’s stock after selling 423 shares during the period. Xponance Inc.’s holdings in CarMax were worth $1,989,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KMX. Victory Capital Management Inc. boosted its stake in shares of CarMax by 1.8% in the 3rd quarter. Victory Capital Management Inc. now owns 52,929 shares of the company’s stock valued at $4,096,000 after purchasing an additional 923 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of CarMax in the 3rd quarter valued at approximately $350,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of CarMax in the 3rd quarter valued at approximately $298,000. King Luther Capital Management Corp boosted its stake in shares of CarMax by 1.7% in the 3rd quarter. King Luther Capital Management Corp now owns 55,331 shares of the company’s stock valued at $4,282,000 after purchasing an additional 940 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of CarMax by 19.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 5,474 shares of the company’s stock valued at $424,000 after purchasing an additional 887 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KMX. JPMorgan Chase & Co. raised their price target on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Evercore ISI cut their target price on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Royal Bank of Canada lifted their target price on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Needham & Company LLC lifted their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Finally, Stephens initiated coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, CarMax has a consensus rating of “Hold” and a consensus target price of $90.45.

CarMax Stock Down 0.6 %

CarMax stock opened at $71.29 on Friday. The firm has a 50 day moving average price of $80.87 and a two-hundred day moving average price of $79.50. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 1.67 and a beta of 1.76. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, beating 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 1.77% and a return on equity of 7.49%. CarMax’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 EPS. Equities analysts predict that CarMax, Inc. will post 3.23 EPS for the current year.

Insider Activity

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

CarMax Company 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.