CarMax, Inc. (NYSE:KMX) Shares Sold by Check Capital Management Inc. CA

Check Capital Management Inc. CA cut its holdings in shares of CarMax, Inc. (NYSE:KMX) by 0.3% in the fourth quarter, HoldingsChannel reports. The firm owned 612,663 shares of the company’s stock after selling 1,926 shares during the period. CarMax accounts for about 1.5% of Check Capital Management Inc. CA’s holdings, making the stock its 10th biggest holding. Check Capital Management Inc. CA’s holdings in CarMax were worth $50,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KMX. Exchange Traded Concepts LLC increased its holdings in CarMax by 41.6% in the third quarter. Exchange Traded Concepts LLC now owns 7,212 shares of the company’s stock valued at $558,000 after buying an additional 2,118 shares in the last quarter. Creative Planning increased its holdings in CarMax by 5.9% in the third quarter. Creative Planning now owns 13,833 shares of the company’s stock valued at $1,070,000 after buying an additional 766 shares in the last quarter. Good Life Advisors LLC purchased a new position in CarMax in the third quarter valued at $416,000. Global Retirement Partners LLC increased its holdings in CarMax by 9.3% in the third quarter. Global Retirement Partners LLC now owns 15,287 shares of the company’s stock valued at $1,183,000 after buying an additional 1,307 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in CarMax by 1.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,304 shares of the company’s stock valued at $1,339,000 after buying an additional 298 shares in the last quarter.

CarMax Stock Performance

NYSE:KMX opened at $88.91 on Friday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The firm 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. The company’s 50-day moving average is $83.38 and its two-hundred day moving average is $79.83. CarMax, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25.

CarMax (NYSE:KMX) last posted its earnings results 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 for 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 was up 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. Analysts forecast that CarMax, Inc. will post 3.22 EPS for the current year.

Insider Buying and Selling at CarMax

In other CarMax news, SVP Jon G. Daniels sold 10,000 shares of the business’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $85.30, for a total value of $853,000.00. Following the transaction, the senior vice president now directly owns 995 shares in the company, valued at $84,873.50. The trade was a 90.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the chief executive officer now owns 181,683 shares in the company, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 264,467 shares of company stock worth $21,915,445 in the last ninety days. 1.66% of the stock is owned by insiders.

Wall Street Analyst Weigh In

KMX has been the subject of a number of research reports. Needham & Company LLC boosted their target price on shares of CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price 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. Stephens initiated coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Evercore ISI raised shares of CarMax from an “in-line” rating to an “outperform” rating and boosted their target price for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Finally, Mizuho boosted their target price on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Three research 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. According to MarketBeat.com, the company has an average rating of “Hold” and an average 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.