Keystone Financial Services Purchases 206 Shares of CarMax, Inc. (NYSE:KMX)

Keystone Financial Services lifted its position in shares of CarMax, Inc. (NYSE:KMX) by 1.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,097 shares of the company’s stock after acquiring an additional 206 shares during the quarter. CarMax makes up approximately 0.4% of Keystone Financial Services’ portfolio, making the stock its 27th biggest position. Keystone Financial Services’ holdings in CarMax were worth $989,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Catalyst Capital Advisors LLC bought a new position in CarMax during the 3rd quarter worth about $32,000. True Wealth Design LLC boosted its stake in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares in the last quarter. Allworth Financial LP increased its holdings in CarMax by 62.7% during the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after buying an additional 249 shares during the period. ST Germain D J Co. Inc. bought a new position in CarMax in the fourth quarter worth approximately $58,000. Finally, Larson Financial Group LLC raised its stake in 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 buying an additional 353 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KMX shares. Needham & Company LLC raised their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Stephens initiated coverage on shares of CarMax in a report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Evercore ISI raised shares of CarMax from an “in-line” rating to an “outperform” rating and increased their target price for the company from $90.00 to $110.00 in a research report on Thursday, February 6th. Finally, Truist Financial lifted their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus target price of $87.50.

CarMax Stock Up 1.5 %

Shares of KMX opened at $88.91 on Monday. The company has a market capitalization of $13.67 billion, a price-to-earnings ratio of 30.14, a PEG ratio of 1.70 and a beta of 1.72. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The stock’s 50-day moving average price is $83.38 and its 200-day moving average price is $79.80. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The business had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS. On average, sell-side analysts predict that CarMax, Inc. will post 3.22 EPS for the current year.

Insider Activity at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the sale, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the sale, the vice president now owns 9,448 shares of the company’s stock, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock worth $21,915,445. 1.66% of the stock is owned by company insiders.

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.