Savant Capital LLC Has $2.72 Million Stake in CarMax, Inc. (NYSE:KMX)

Savant Capital LLC cut its position in CarMax, Inc. (NYSE:KMX) by 17.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,244 shares of the company’s stock after selling 6,959 shares during the quarter. Savant Capital LLC’s holdings in CarMax were worth $2,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in KMX. Catalyst Capital Advisors LLC acquired a new position in CarMax during the third quarter valued at approximately $32,000. True Wealth Design LLC grew its position in CarMax by 4,844.4% in the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after acquiring an additional 436 shares during the last quarter. ST Germain D J Co. Inc. acquired a new position in CarMax during the 4th quarter worth approximately $58,000. Larson Financial Group LLC lifted its stake in CarMax by 91.9% in the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after purchasing an additional 353 shares during the last quarter. Finally, Concord Wealth Partners boosted its position in CarMax by 84,400.0% in the third quarter. Concord Wealth Partners now owns 845 shares of the company’s stock valued at $65,000 after buying an additional 844 shares in the last quarter.

Insiders Place Their Bets

In related news, CEO William D. Nash sold 120,513 shares of the company’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 transaction of $10,031,502.12. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Tyler Tuite sold 4,869 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $84.58, for a total value of $411,820.02. Following the completion of the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Performance

Shares of KMX opened at $86.44 on Thursday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The firm’s fifty day simple moving average is $83.26 and its two-hundred day simple moving average is $79.77. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The stock has a market capitalization of $13.29 billion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 1.70 and a beta of 1.72.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 EPS. As a group, analysts predict that CarMax, Inc. will post 3.22 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KMX. Mizuho upped their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Evercore ISI raised CarMax from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $110.00 in a report on Thursday, February 6th. JPMorgan Chase & Co. lifted their price target on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Needham & Company LLC upped their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial lifted their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus price target of $87.50.

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.