Oakview Capital Management L.P. Has $1.49 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Oakview Capital Management L.P. decreased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 77.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 20,373 shares of the company’s stock after selling 68,155 shares during the period. CarMax makes up 4.7% of Oakview Capital Management L.P.’s holdings, making the stock its 11th largest position. Oakview Capital Management L.P.’s holdings in CarMax were worth $1,494,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in KMX. Baker Tilly Wealth Management LLC boosted its stake in CarMax by 4.6% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock worth $217,000 after acquiring an additional 130 shares during the last quarter. GAMMA Investing LLC raised its holdings in CarMax by 6.5% in the first quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock worth $188,000 after purchasing an additional 131 shares during the period. Peoples Bank KS boosted its position in shares of CarMax by 10.0% during the second quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock worth $108,000 after purchasing an additional 135 shares in the last quarter. Allegheny Financial Group LTD grew its holdings in shares of CarMax by 4.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock valued at $264,000 after buying an additional 143 shares during the period. Finally, Chicago Partners Investment Group LLC increased its position in shares of CarMax by 3.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 6,010 shares of the company’s stock valued at $461,000 after buying an additional 174 shares in the last quarter.

CarMax Stock Down 1.2 %

NYSE:KMX opened at $77.29 on Friday. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.56 and a beta of 1.69. The company has a quick ratio of 0.60, a current ratio of 2.50 and a debt-to-equity ratio of 2.95. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The stock’s 50 day moving average price is $79.71 and its two-hundred day moving average price is $76.37.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, September 26th. The company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). CarMax had a return on equity of 6.64% and a net margin of 1.55%. The firm had revenue of $7.01 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the company posted $0.75 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Equities research analysts expect that CarMax, Inc. will post 2.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on KMX. Truist Financial boosted their target price on CarMax from $70.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Wedbush restated an “outperform” rating and set a $95.00 target price on shares of CarMax in a report on Tuesday, September 17th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 target price on shares of CarMax in a report on Friday, June 21st. Mizuho cut their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Finally, Royal Bank of Canada increased their price objective on CarMax from $75.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday. Three analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, CarMax presently has a consensus rating of “Hold” and a consensus price target of $78.92.

Insider Activity

In other CarMax news, CEO William D. Nash sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at $14,465,600.46. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Mohammad Shamim sold 25,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $82.26, for a total value of $2,056,500.00. Following the transaction, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at $965,567.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William D. Nash sold 120,000 shares of CarMax stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $79.62, for a total transaction of $9,554,400.00. Following the sale, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $14,465,600.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,012 shares of company stock valued at $14,803,843. 1.66% of the stock is owned by company insiders.

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.