Bard Financial Services Inc. Has $3.25 Million Stake in CarMax, Inc. (NYSE:KMX)

Bard Financial Services Inc. grew its stake in CarMax, Inc. (NYSE:KMX) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

A number of other hedge funds have also modified their holdings of the company. Quarry LP raised its holdings in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after purchasing an additional 184 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in CarMax during the 3rd quarter worth $32,000. True Wealth Design LLC lifted its holdings in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock worth $34,000 after acquiring an additional 436 shares in the last quarter. Studio Investment Management LLC grew its stake in CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock valued at $38,000 after acquiring an additional 334 shares during the period. Finally, Larson Financial Group LLC increased its holdings in shares of CarMax by 91.9% in the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after acquiring an additional 353 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial boosted their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research report on Friday, December 20th. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Mizuho boosted their price objective on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Stephens assumed coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Finally, Needham & Company LLC boosted their price target on CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $85.17.

Insiders Place Their Bets

In related news, EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the transaction, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. This trade represents a 46.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Jon G. Daniels sold 30,245 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $84.34, for a total transaction of $2,550,863.30. Following the transaction, the senior vice president now owns 995 shares in the company, valued at approximately $83,918.30. The trade was a 96.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 228,744 shares of company stock valued at $18,990,227 over the last ninety days. 1.66% of the stock is currently owned by company insiders.

CarMax Stock Performance

Shares of KMX stock traded down $0.02 on Monday, reaching $80.05. The stock had a trading volume of 694,901 shares, compared to its average volume of 1,440,724. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The firm has a market capitalization of $12.40 billion, a price-to-earnings ratio of 30.09, a P/E/G ratio of 1.74 and a beta of 1.71. The firm’s 50-day moving average is $80.97 and its two-hundred day moving average is $78.63. The company has a quick ratio of 0.68, a current ratio of 2.25 and a debt-to-equity ratio of 2.93.

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