Victory Capital Management Inc. Has $4.40 Million Position in CarMax, Inc. (NYSE:KMX)

Victory Capital Management Inc. raised its stake in shares of CarMax, Inc. (NYSE:KMX) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,859 shares of the company’s stock after buying an additional 930 shares during the period. Victory Capital Management Inc.’s holdings in CarMax were worth $4,404,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of KMX. True Wealth Design LLC lifted its stake in shares of CarMax by 4,844.4% in the 3rd quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares during the last quarter. Cromwell Holdings LLC lifted its stake in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after purchasing an additional 217 shares during the last quarter. Allworth Financial LP lifted its stake in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after purchasing an additional 249 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of 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, ST Germain D J Co. Inc. acquired a new stake in shares of CarMax in the 4th quarter valued at $58,000.

Insider Transactions at CarMax

In other CarMax news, SVP Tyler Tuite sold 4,869 shares of the stock in a transaction 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 owns 227 shares in the company, valued at $19,199.66. This trade represents a 95.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 264,467 shares of company stock valued at $21,915,445 over the last quarter. Corporate insiders own 1.66% of the company’s stock.

CarMax Trading Up 0.9 %

Shares of NYSE KMX opened at $69.89 on Friday. CarMax, Inc. has a fifty-two week low of $65.83 and a fifty-two week high of $91.25. 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 $10.75 billion, a P/E ratio of 23.69, a P/E/G ratio of 1.67 and a beta of 1.76. The company’s 50 day simple moving average is $81.77 and its 200 day simple moving average is $79.93.

CarMax (NYSE:KMX) last issued 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. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that CarMax, Inc. will post 3.23 EPS for the current year.

Analyst Ratings Changes

KMX has been the subject of a number of research analyst reports. Stephens initiated coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Truist Financial boosted 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. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada boosted their target price 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, Evercore ISI dropped their price objective on shares of CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $90.45.

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.