Bryn Mawr Capital Management LLC Sells 1,525 Shares of CarMax, Inc. (NYSE:KMX)

Bryn Mawr Capital Management LLC reduced its stake in CarMax, Inc. (NYSE:KMX) by 44.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,875 shares of the company’s stock after selling 1,525 shares during the period. Bryn Mawr Capital Management LLC’s holdings in CarMax were worth $153,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KMX. FMR LLC boosted its holdings 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 worth $137,180,000 after acquiring an additional 1,713,379 shares during the period. Holocene Advisors LP boosted its holdings in shares of CarMax by 740.2% in the third quarter. Holocene Advisors LP now owns 946,931 shares of the company’s stock worth $73,274,000 after acquiring an additional 834,232 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of CarMax by 41.8% in 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. raised its position in shares of CarMax by 3.4% in 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, World Investment Advisors LLC purchased a new stake in shares of CarMax in the third quarter worth $6,942,000.

CarMax Trading Down 3.5 %

NYSE KMX opened at $82.62 on Friday. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.67 and a beta of 1.72. The stock’s 50-day simple moving average is $83.39 and its two-hundred day simple moving average is $80.11. 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, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25.

CarMax (NYSE:KMX) last released its quarterly earnings data on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. The firm 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 company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. Research analysts forecast that CarMax, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Ratings Changes

KMX has been the topic of a number of recent analyst reports. Evercore ISI upgraded CarMax from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $90.00 to $110.00 in a research report on Thursday, February 6th. JPMorgan Chase & Co. increased their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Friday, December 20th. StockNews.com upgraded CarMax from a “sell” rating to a “hold” rating in a research report on Friday, December 20th. Stephens initiated coverage on CarMax in a research report on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 price objective on the stock. Finally, Royal Bank of Canada increased their price objective on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. 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 stock. According to MarketBeat, CarMax currently has an average rating of “Hold” and an average price target of $87.50.

Insider Transactions at CarMax

In other news, 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mohammad Shamim sold 10,000 shares of CarMax stock in a transaction dated Monday, December 23rd. The stock was 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 in the company, valued at approximately $983,292.26. This represents a 46.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock worth $21,915,445. Company insiders own 1.66% of the company’s stock.

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.