Tilia Fiduciary Partners Inc. Acquires 1,315 Shares of CarMax, Inc. (NYSE:KMX)

Tilia Fiduciary Partners Inc. increased its holdings in CarMax, Inc. (NYSE:KMX) by 4.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,631 shares of the company’s stock after acquiring an additional 1,315 shares during the quarter. CarMax comprises about 1.5% of Tilia Fiduciary Partners Inc.’s investment portfolio, making the stock its 26th biggest holding. Tilia Fiduciary Partners Inc.’s holdings in CarMax were worth $2,215,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of KMX. First Community Trust NA bought a new position in shares of CarMax during the second quarter valued at approximately $29,000. Quarry LP raised its stake in CarMax by 78.6% during the second quarter. Quarry LP now owns 418 shares of the company’s stock valued at $31,000 after buying an additional 184 shares during the last quarter. Blue Trust Inc. boosted its holdings in CarMax by 134.1% in the second quarter. Blue Trust Inc. now owns 501 shares of the company’s stock worth $37,000 after acquiring an additional 287 shares in the last quarter. Studio Investment Management LLC boosted its holdings in CarMax by 176.7% in the second quarter. Studio Investment Management LLC now owns 523 shares of the company’s stock worth $38,000 after acquiring an additional 334 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of CarMax in the first quarter worth $55,000.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research note on Tuesday, September 17th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 price target on shares of CarMax in a report on Friday, June 21st. Mizuho decreased their price objective on shares of CarMax from $75.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, June 18th. Truist Financial increased 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. 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 note 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $79.45.

Insider Activity at CarMax

In other news, CFO Enrique N. Mayor-Mora sold 9,318 shares of the firm’s stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $83.46, for a total value of $777,680.28. Following the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,690,899.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CarMax news, CEO William D. Nash sold 120,000 shares of the stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $79.62, for a total value of $9,554,400.00. Following the completion of the sale, the chief executive officer now owns 181,683 shares in the company, valued at approximately $14,465,600.46. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Enrique N. Mayor-Mora sold 9,318 shares of the business’s stock in a transaction dated Tuesday, July 16th. The shares were sold at an average price of $83.46, for a total value of $777,680.28. Following the completion of the transaction, the chief financial officer now owns 20,260 shares in the company, valued at $1,690,899.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,012 shares of company stock worth $14,803,843. Corporate insiders own 1.66% of the company’s stock.

CarMax Stock Performance

KMX stock traded down $1.03 during trading on Wednesday, reaching $71.10. The stock had a trading volume of 268,503 shares, compared to its average volume of 1,944,595. The firm has a market cap of $11.10 billion, a PE ratio of 28.18, a PEG ratio of 1.56 and a beta of 1.68. 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 stock’s 50 day moving average is $78.70 and its two-hundred day moving average is $75.90. CarMax, Inc. has a 52 week low of $59.66 and a 52 week high of $88.22.

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

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.