CarMax, Inc. (NYSE:KMX) Position Raised by Allworth Financial LP

Allworth Financial LP grew its position in shares of CarMax, Inc. (NYSE:KMX) by 62.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 646 shares of the company’s stock after acquiring an additional 249 shares during the quarter. Allworth Financial LP’s holdings in CarMax were worth $51,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of KMX. Catalyst Capital Advisors LLC acquired a new position in CarMax during the 3rd quarter valued at about $32,000. True Wealth Design LLC raised its holdings 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 buying an additional 436 shares during the last quarter. ST Germain D J Co. Inc. bought a new stake in shares of CarMax during the fourth quarter valued at approximately $58,000. Larson Financial Group LLC boosted its position in shares of CarMax by 91.9% during 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 during the period. Finally, Concord Wealth Partners grew its holdings in CarMax by 84,400.0% in the 3rd quarter. Concord Wealth Partners now owns 845 shares of the company’s stock worth $65,000 after buying an additional 844 shares in the last quarter.

Insider Buying and Selling

In other news, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction on Wednesday, January 15th. The stock was 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 in the company, valued at $765,288. This represents a 57.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William D. Nash sold 120,513 shares of the 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 sale, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In 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 corporate insiders.

CarMax Stock Down 0.0 %

KMX stock opened at $82.88 on Wednesday. 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 cap of $12.75 billion, a PE ratio of 28.09, a P/E/G ratio of 1.67 and a beta of 1.72. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The firm has a 50 day simple moving average of $83.32 and a 200 day simple moving average of $80.25.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the company posted $0.52 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho lifted their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” 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 price objective on the stock. JPMorgan Chase & Co. increased their target price on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Royal Bank of Canada boosted their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Finally, StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Three equities research 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. Based on data from MarketBeat, CarMax currently has an average 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.