CarMax, Inc. (NYSE:KMX) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 36.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,211 shares of the company’s stock after buying an additional 1,396 shares during the quarter. Jones Financial Companies Lllp’s holdings in CarMax were worth $426,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KMX. FMR LLC raised its stake in shares of CarMax by 2,883.1% in the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter. Holocene Advisors LP raised its position in CarMax by 740.2% in the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock valued at $73,274,000 after purchasing an additional 834,232 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of CarMax by 41.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock worth $114,471,000 after buying an additional 436,342 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of CarMax by 3.4% during the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after buying an additional 282,519 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in shares of CarMax by 603.2% during the fourth quarter. Ieq Capital LLC now owns 110,691 shares of the company’s stock worth $9,050,000 after buying an additional 94,950 shares during the period.

Insider Buying and Selling

In other news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction dated 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 completion of the sale, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 264,467 shares of company stock valued at $21,915,445. Insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of NYSE:KMX opened at $73.98 on Tuesday. The company has a market cap of $11.38 billion, a P/E ratio of 25.08, a P/E/G ratio of 1.67 and a beta of 1.76. The business has a fifty day simple moving average of $82.58 and a 200-day simple moving average of $80.29. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

CarMax (NYSE:KMX) last posted its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The company 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 company posted $0.52 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on KMX shares. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Stephens began coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price target on the stock. Mizuho lifted their price target on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. JPMorgan Chase & Co. increased their price objective on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Finally, Truist Financial boosted their target price on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, CarMax has an average rating of “Hold” and an average price target of $90.91.

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.