Lakewood Asset Management LLC Acquires 135 Shares of CarMax, Inc. (NYSE:KMX)

Lakewood Asset Management LLC increased its holdings in shares of CarMax, Inc. (NYSE:KMX) by 0.6% during the 4th quarter, HoldingsChannel reports. The fund owned 21,742 shares of the company’s stock after buying an additional 135 shares during the period. CarMax accounts for approximately 1.2% of Lakewood Asset Management LLC’s portfolio, making the stock its 21st biggest holding. Lakewood Asset Management LLC’s holdings in CarMax were worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Quarry LP raised its holdings in CarMax by 78.6% in the second quarter. Quarry LP now owns 418 shares of the company’s stock worth $31,000 after buying an additional 184 shares during the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of CarMax during the third quarter valued at approximately $32,000. True Wealth Design LLC raised its holdings in shares of CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of CarMax by 91.9% during the third quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock valued at $57,000 after purchasing an additional 353 shares during the last quarter. Finally, ST Germain D J Co. Inc. purchased a new position in shares of CarMax during the fourth quarter valued at approximately $58,000.

Insiders Place Their Bets

In other CarMax news, EVP Mohammad Shamim sold 12,845 shares of CarMax stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $81.94, for a total value of $1,052,519.30. Following the sale, the executive vice president now owns 11,738 shares of the company’s stock, valued at approximately $961,811.72. The trade was a 52.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP James Lyski sold 57,986 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $81.35, for a total value of $4,717,161.10. Following the completion of the sale, the executive vice president now directly owns 22,803 shares in the company, valued at approximately $1,855,024.05. The trade was a 71.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 241,589 shares of company stock worth $20,042,746 over the last three months. Company insiders own 1.66% of the company’s stock.

CarMax Price Performance

Shares of NYSE KMX opened at $80.29 on Thursday. The firm has a market cap of $12.35 billion, a PE ratio of 27.22, a PEG ratio of 1.50 and a beta of 1.71. The firm has a fifty day moving average of $81.94 and a 200 day moving average of $79.00. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30. CarMax, Inc. has a one year low of $65.83 and a one year high of $91.25.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 EPS. As a group, research analysts predict that CarMax, Inc. will post 3.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. BNP Paribas raised shares of CarMax to a “strong sell” rating in a report on Friday, September 27th. Evercore ISI upped their target price on shares of CarMax from $83.00 to $85.00 and gave the company a “market perform” rating in a report on Thursday, December 19th. Royal Bank of Canada upped their target price on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. upped their target price on shares of CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Finally, Stephens began coverage on shares of CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $85.17.

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.