CarMax, Inc. (NYSE:KMX) Shares Bought by Cypress Wealth Services LLC

Cypress Wealth Services LLC grew its holdings in CarMax, Inc. (NYSE:KMX) by 5.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,614 shares of the company’s stock after purchasing an additional 179 shares during the quarter. Cypress Wealth Services LLC’s holdings in CarMax were worth $295,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KMX. FMR LLC increased its position in CarMax by 2,883.1% during the third quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after purchasing an additional 1,713,379 shares during the last quarter. Vulcan Value Partners LLC grew its stake in shares of CarMax by 299.7% in the 2nd quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock valued at $133,773,000 after buying an additional 1,369,986 shares during the period. Holocene Advisors LP increased its holdings in shares of CarMax by 740.2% during the 3rd quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after buying an additional 834,232 shares during the last quarter. Marshall Wace LLP raised its position in shares of CarMax by 87.6% during the 2nd quarter. Marshall Wace LLP now owns 1,160,601 shares of the company’s stock valued at $85,118,000 after buying an additional 541,967 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in CarMax by 41.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,479,340 shares of the company’s stock valued at $114,471,000 after acquiring an additional 436,342 shares during the last quarter.

Analyst Upgrades and Downgrades

KMX has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Truist Financial boosted 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. Stephens assumed coverage on shares of CarMax in a research note on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Royal Bank of Canada boosted their price target 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, CarMax presently has an average rating of “Hold” and an average target price of $85.17.

Insider Buying and Selling at CarMax

In other CarMax news, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.24, for a total value 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. This represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total value of $1,053,729.00. Following the sale, the vice president now owns 9,448 shares in the company, valued at $765,288. This trade represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 259,598 shares of company stock worth $21,503,625 over the last three months. Insiders own 1.66% of the company’s stock.

CarMax Stock Performance

NYSE:KMX opened at $78.96 on Friday. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. 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 capitalization of $12.14 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.71. The business’s fifty day moving average price is $82.07 and its 200 day moving average price is $79.06.

CarMax (NYSE:KMX) last released 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. The business had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. On average, sell-side analysts anticipate that CarMax, Inc. will post 3.18 earnings per share for the current fiscal 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.