600 Shares in CarMax, Inc. (NYSE:KMX) Acquired by MCF Advisors LLC

MCF Advisors LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 600 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors have also recently modified their holdings of the company. Handelsbanken Fonder AB grew its stake in CarMax by 347.8% in the 4th quarter. Handelsbanken Fonder AB now owns 147,768 shares of the company’s stock worth $11,340,000 after acquiring an additional 114,772 shares during the period. CWM LLC grew its stake in shares of CarMax by 17.6% during the 4th quarter. CWM LLC now owns 4,197 shares of the company’s stock valued at $322,000 after buying an additional 628 shares during the period. Strata Wealth Advisors LLC purchased a new stake in shares of CarMax during the 4th quarter valued at $2,133,000. Verdence Capital Advisors LLC boosted its position in CarMax by 15.8% during the 4th quarter. Verdence Capital Advisors LLC now owns 11,113 shares of the company’s stock worth $853,000 after purchasing an additional 1,518 shares during the period. Finally, Lindbrook Capital LLC boosted its position in CarMax by 32.8% during the 4th quarter. Lindbrook Capital LLC now owns 628 shares of the company’s stock worth $48,000 after purchasing an additional 155 shares during the period.

CarMax Stock Performance

Shares of CarMax stock opened at $67.88 on Tuesday. The firm has a market cap of $10.68 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The firm’s 50-day simple moving average is $78.24 and its 200-day simple moving average is $72.10. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22.

CarMax (NYSE:KMX) last announced its quarterly earnings data on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). CarMax had a net margin of 1.81% and a return on equity of 7.26%. The business had revenue of $5.63 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the prior year, the company earned $0.44 EPS. CarMax’s quarterly revenue was down 1.7% on a year-over-year basis. Equities analysts forecast that CarMax, Inc. will post 3.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on KMX shares. Bank of America upped their price target on shares of CarMax from $44.00 to $50.00 and gave the stock an “underperform” rating in a research report on Thursday, February 29th. Needham & Company LLC cut their price objective on shares of CarMax from $99.00 to $91.00 and set a “buy” rating on the stock in a report on Friday, April 12th. Wedbush reiterated an “outperform” rating and issued a $90.00 price objective on shares of CarMax in a report on Tuesday, April 16th. Robert W. Baird cut their price objective on shares of CarMax from $88.00 to $84.00 and set an “outperform” rating on the stock in a report on Friday, April 12th. Finally, Evercore ISI cut their price objective on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating on the stock in a report on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.42.

Insider Activity at CarMax

In related news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, VP Jill A. Livesay sold 14,199 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the completion of the sale, the vice president now owns 9,068 shares of the company’s stock, valued at approximately $642,830.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Diane L. Cafritz sold 22,000 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the sale, the executive vice president now directly owns 5,073 shares of the company’s stock, valued at approximately $355,515.84. The disclosure for this sale can be found here. Insiders own 1.66% of the company’s stock.

CarMax Company Profile

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.