9,918 Shares in CarMax, Inc. (NYSE:KMX) Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of CarMax, Inc. (NYSE:KMX) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,918 shares of the company’s stock, valued at approximately $811,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in CarMax during the 4th quarter valued at $383,000. Wilmington Savings Fund Society FSB grew its holdings in shares of CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after purchasing an additional 141 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of CarMax by 2.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,684 shares of the company’s stock valued at $1,446,000 after buying an additional 380 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of CarMax by 0.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 354,380 shares of the company’s stock valued at $28,974,000 after buying an additional 3,019 shares in the last quarter. Finally, Choreo LLC raised its holdings in shares of CarMax by 47.3% in the fourth quarter. Choreo LLC now owns 10,483 shares of the company’s stock valued at $860,000 after buying an additional 3,368 shares during the last quarter.

Insider Buying and Selling at CarMax

In related news, EVP Mohammad Shamim sold 10,000 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value of $837,700.00. Following the completion of the transaction, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. This trade represents a 46.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $81.00, for a total value of $1,053,729.00. Following the completion of the sale, the vice president now directly owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 264,467 shares of company stock valued at $21,915,445. Corporate insiders own 1.66% of the company’s stock.

CarMax Trading Up 1.5 %

NYSE:KMX opened at $86.77 on Wednesday. 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, Inc. has a 1-year low of $65.83 and a 1-year high of $91.25. The firm has a market capitalization of $13.34 billion, a price-to-earnings ratio of 29.41, a PEG ratio of 1.70 and a beta of 1.72. The business’s 50-day moving average price is $83.21 and its two-hundred day moving average price is $79.72.

CarMax (NYSE:KMX) last announced its quarterly earnings results 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 return on equity of 7.49% and a net margin of 1.77%. The company had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the prior year, the business posted $0.52 EPS. CarMax’s revenue was up 1.2% on a year-over-year basis. On average, equities analysts expect that CarMax, Inc. will post 3.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMX. Royal Bank of Canada raised their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Truist Financial raised their price target 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 objective on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Mizuho lifted their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Finally, Wedbush restated an “outperform” rating and set a $95.00 target price on shares of CarMax in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, CarMax currently has an average rating of “Hold” and an average target price of $87.50.

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.