CarMax, Inc. (NYSE:KMX) Shares Bought by WoodTrust Financial Corp

WoodTrust Financial Corp raised its position in CarMax, Inc. (NYSE:KMX) by 9.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,000 shares of the company’s stock after acquiring an additional 994 shares during the period. WoodTrust Financial Corp’s holdings in CarMax were worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in CarMax by 16.4% in the fourth quarter. BNP Paribas Financial Markets now owns 127,402 shares of the company’s stock valued at $9,777,000 after acquiring an additional 17,973 shares in the last quarter. Fairview Capital Investment Management LLC boosted its stake in CarMax by 7.0% in the fourth quarter. Fairview Capital Investment Management LLC now owns 251,530 shares of the company’s stock valued at $19,302,000 after acquiring an additional 16,438 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in CarMax in the fourth quarter valued at approximately $5,637,000. Charles Schwab Investment Management Inc. boosted its stake in CarMax by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 991,111 shares of the company’s stock valued at $76,058,000 after acquiring an additional 30,107 shares in the last quarter. Finally, First Pacific Advisors LP boosted its stake in CarMax by 1.2% in the fourth quarter. First Pacific Advisors LP now owns 2,331,545 shares of the company’s stock valued at $178,923,000 after acquiring an additional 28,095 shares in the last quarter.

Insider Buying and Selling

In related news, SVP Jon G. Daniels sold 1,231 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $72.46, for a total transaction of $89,198.26. Following the completion of the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $72,097.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related 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 transaction of $1,067,702.68. Following the completion of the transaction, the executive vice president now owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jon G. Daniels sold 1,231 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $72.46, for a total transaction of $89,198.26. Following the transaction, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $72,097.70. The disclosure for this sale can be found here. Insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on KMX. Argus upgraded shares of CarMax to a “hold” rating in a research note on Tuesday. Robert W. Baird lowered 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. StockNews.com upgraded shares of CarMax to a “sell” rating in a research note on Monday, April 22nd. Wedbush reiterated an “outperform” rating and set a $90.00 price objective on shares of CarMax in a research note on Tuesday, June 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating for the company in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $75.50.

CarMax Stock Performance

KMX traded up $0.01 on Friday, reaching $73.34. The stock had a trading volume of 2,223,377 shares, compared to its average volume of 2,216,369. CarMax, Inc. has a 12-month low of $59.66 and a 12-month high of $88.22. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The business’s 50-day moving average price is $70.66 and its two-hundred day moving average price is $73.99. The company has a market cap of $11.54 billion, a P/E ratio of 28.65, a price-to-earnings-growth ratio of 1.45 and a beta of 1.69.

CarMax (NYSE:KMX) last released its quarterly earnings data on Friday, June 21st. The company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. CarMax had a net margin of 1.55% and a return on equity of 6.64%. The company had revenue of $7.11 billion during the quarter, compared to analysts’ expectations of $7.16 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. Sell-side analysts forecast that CarMax, Inc. will post 3.03 earnings per share for the current year.

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.