Blue Trust Inc. Raises Stock Holdings in CarMax, Inc. (NYSE:KMX)

Blue Trust Inc. lifted its position in CarMax, Inc. (NYSE:KMX) by 39.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,457 shares of the company’s stock after buying an additional 414 shares during the period. Blue Trust Inc.’s holdings in CarMax were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in KMX. Sanctuary Advisors LLC bought a new position in CarMax in the 2nd quarter worth approximately $814,000. Czech National Bank lifted its stake in CarMax by 6.0% in the third quarter. Czech National Bank now owns 31,794 shares of the company’s stock worth $2,460,000 after purchasing an additional 1,802 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of CarMax by 38.5% during the 3rd quarter. GAMMA Investing LLC now owns 5,138 shares of the company’s stock worth $398,000 after acquiring an additional 1,429 shares during the last quarter. Atomi Financial Group Inc. boosted its stake in shares of CarMax by 27.3% during the third quarter. Atomi Financial Group Inc. now owns 3,606 shares of the company’s stock valued at $279,000 after purchasing an additional 774 shares during the period. Finally, CWM LLC boosted its position in CarMax by 30.2% in the 3rd quarter. CWM LLC now owns 23,150 shares of the company’s stock valued at $1,791,000 after buying an additional 5,374 shares during the period.

CarMax Trading Up 3.1 %

Shares of KMX opened at $86.47 on Friday. The firm’s 50-day moving average is $83.09 and its two-hundred day moving average is $79.65. The firm has a market capitalization of $13.30 billion, a P/E ratio of 29.31, a PEG ratio of 1.66 and a beta of 1.72. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the business earned $0.52 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. On average, research analysts predict that CarMax, Inc. will post 3.25 earnings per share for the current fiscal year.

Insider Activity at CarMax

In related news, CEO William D. Nash sold 120,513 shares of the business’s 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 transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This trade represents a 19.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 264,467 shares of company stock worth $21,915,445. Corporate insiders own 1.66% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on KMX. Truist Financial lifted their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Needham & Company LLC upped their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Evercore ISI upgraded shares of CarMax from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $90.00 to $110.00 in a research report on Thursday. Finally, Wedbush restated an “outperform” rating and issued a $95.00 price objective on shares of CarMax in a research report on Wednesday, October 16th. Three 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. Based on data from MarketBeat.com, CarMax currently has a consensus rating of “Hold” and a consensus target price of $87.50.

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.