Massmutual Trust Co. FSB ADV Acquires 8,599 Shares of CarMax, Inc. (NYSE:KMX)

Massmutual Trust Co. FSB ADV increased its holdings in CarMax, Inc. (NYSE:KMX) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,682 shares of the company’s stock after acquiring an additional 8,599 shares during the period. Massmutual Trust Co. FSB ADV owned about 0.10% of CarMax worth $12,124,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Baker Tilly Wealth Management LLC increased its holdings in CarMax by 4.6% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,959 shares of the company’s stock valued at $217,000 after purchasing an additional 130 shares during the period. GAMMA Investing LLC increased its holdings in CarMax by 6.5% during the 1st quarter. GAMMA Investing LLC now owns 2,156 shares of the company’s stock valued at $188,000 after purchasing an additional 131 shares during the period. Peoples Bank KS increased its holdings in CarMax by 10.0% during the 2nd quarter. Peoples Bank KS now owns 1,479 shares of the company’s stock valued at $108,000 after purchasing an additional 135 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in CarMax by 2.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock valued at $456,000 after purchasing an additional 142 shares during the period. Finally, Allegheny Financial Group LTD increased its holdings in CarMax by 4.1% during the 2nd quarter. Allegheny Financial Group LTD now owns 3,597 shares of the company’s stock valued at $264,000 after purchasing an additional 143 shares during the period.

Insider Transactions at CarMax

In related news, CEO William D. Nash sold 120,000 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $79.62, for a total value of $9,554,400.00. Following the completion of the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, valued at approximately $14,465,600.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, SVP John M. Stuckey III sold 19,673 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $82.01, for a total value of $1,613,382.73. Following the completion of the transaction, the senior vice president now owns 969 shares of the company’s stock, valued at approximately $79,467.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO William D. Nash sold 120,000 shares of the stock in a transaction dated Thursday, July 11th. The shares were 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 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. Insiders sold 184,012 shares of company stock worth $14,803,843 in the last three months. Corporate insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Needham & Company LLC lifted their price objective on CarMax from $87.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $80.00 price objective on shares of CarMax in a research report on Friday, June 21st. Mizuho dropped their price target on CarMax from $75.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 18th. JPMorgan Chase & Co. boosted their price target on CarMax from $55.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, September 19th. Finally, Royal Bank of Canada boosted their price target on CarMax from $75.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, CarMax has a consensus rating of “Hold” and a consensus target price of $79.73.

CarMax Price Performance

Shares of KMX opened at $75.43 on Thursday. The firm has a market cap of $11.77 billion, a PE ratio of 29.46, a P/E/G ratio of 1.56 and a beta of 1.69. The company has a current ratio of 2.50, a quick ratio of 0.60 and a debt-to-equity ratio of 2.95. The firm has a fifty day simple moving average of $79.51 and a two-hundred day simple moving average of $76.23. CarMax, Inc. has a 1-year low of $59.66 and a 1-year high of $88.22.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, September 26th. The company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.83 billion. CarMax had a net margin of 1.55% and a return on equity of 6.64%. CarMax’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.75 earnings per share. On average, equities analysts anticipate that CarMax, Inc. will post 2.99 EPS for the current year.

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.