Assenagon Asset Management S.A. Buys 238 Shares of CarMax, Inc. (NYSE:KMX)

Assenagon Asset Management S.A. raised its stake in CarMax, Inc. (NYSE:KMX) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,746 shares of the company’s stock after purchasing an additional 238 shares during the period. Assenagon Asset Management S.A.’s holdings in CarMax were worth $2,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Quarry LP boosted its holdings 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 purchasing an additional 184 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of CarMax during the 3rd quarter worth approximately $32,000. True Wealth Design LLC boosted its stake in 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 buying an additional 436 shares in the last quarter. Larson Financial Group LLC boosted its stake in 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 buying an additional 353 shares in the last quarter. Finally, ST Germain D J Co. Inc. bought a new stake in CarMax in the fourth quarter valued at $58,000.

CarMax Stock Performance

Shares of CarMax stock opened at $78.27 on Thursday. 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 $12.04 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. The stock’s 50-day moving average is $82.18 and its 200-day moving average is $79.23. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. 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 posted $0.52 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Equities analysts predict that CarMax, Inc. will post 3.19 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KMX shares. Truist Financial upped their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Mizuho upped their price objective on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, December 20th. Royal Bank of Canada lifted their target price on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. BNP Paribas upgraded CarMax to a “strong sell” rating in a research report on Friday, September 27th. Finally, StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.17.

Insider Buying and Selling

In related news, EVP James Lyski sold 57,986 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total transaction of $4,717,161.10. Following the transaction, the executive vice president now directly owns 22,803 shares in the company, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the sale, the vice president now directly owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 259,598 shares of company stock worth $21,503,625. 1.66% of the stock is owned by insiders.

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.