CarMax, Inc. (NYSE:KMX) Shares Acquired by Capital Performance Advisors LLP

Capital Performance Advisors LLP increased its position in CarMax, Inc. (NYSE:KMX) by 124.3% during the fourth quarter, Holdings Channel reports. The fund owned 2,894 shares of the company’s stock after purchasing an additional 1,604 shares during the quarter. Capital Performance Advisors LLP’s holdings in CarMax were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Lakewood Asset Management LLC boosted its holdings in shares of CarMax by 0.6% during the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after purchasing an additional 135 shares during the period. Arete Wealth Advisors LLC boosted its holdings in shares of CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after purchasing an additional 141 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after purchasing an additional 141 shares during the period. Chemistry Wealth Management LLC boosted its holdings in shares of CarMax by 1.4% during the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after purchasing an additional 164 shares during the period. Finally, Sompo Asset Management Co. Ltd. boosted its holdings in shares of CarMax by 1.6% during the third quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after purchasing an additional 170 shares during the period.

Insider Buying and Selling

In related news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now owns 9,448 shares of the company’s stock, valued at approximately $765,288. The trade was a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total transaction of $411,820.02. Following the transaction, the senior vice president now directly owns 227 shares in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is owned by company insiders.

CarMax Trading Up 1.5 %

NYSE:KMX opened at $88.91 on Monday. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 30.14, a P/E/G ratio of 1.70 and a beta of 1.72. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The company’s 50 day moving average is $83.38 and its 200-day moving average is $79.80.

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

Wall Street Analysts Forecast Growth

KMX has been the subject of several research reports. Truist Financial raised 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. Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $90.00 to $110.00 in a research note on Thursday, February 6th. Stephens began coverage on shares of CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. Mizuho lifted their target price on shares of CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Three equities 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 data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $87.50.

CarMax Company 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.