Chemistry Wealth Management LLC Purchases 164 Shares of CarMax, Inc. (NYSE:KMX)

Chemistry Wealth Management LLC boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 1.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,218 shares of the company’s stock after purchasing an additional 164 shares during the period. Chemistry Wealth Management LLC’s holdings in CarMax were worth $999,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of KMX. FMR LLC raised its stake 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 last quarter. Vulcan Value Partners LLC raised its stake in shares of CarMax by 299.7% in the second quarter. Vulcan Value Partners LLC now owns 1,827,139 shares of the company’s stock worth $133,773,000 after acquiring an additional 1,369,986 shares during the last quarter. Holocene Advisors LP raised its stake 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 last quarter. Marshall Wace LLP grew 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 worth $85,118,000 after buying an additional 541,967 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of CarMax by 41.8% during the 3rd 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 during the period.

Insiders Place Their Bets

In other CarMax news, EVP Mohammad Shamim sold 10,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $83.77, for a total transaction of $837,700.00. Following the sale, the executive vice president now directly owns 11,738 shares of the company’s stock, valued at approximately $983,292.26. This represents a 46.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction 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 approximately $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 259,598 shares of company stock valued at $21,503,625. 1.66% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

KMX has been the subject of several analyst reports. Evercore ISI lifted their price target on shares of CarMax from $83.00 to $85.00 and gave the stock a “market perform” rating in a research report on Thursday, December 19th. Needham & Company LLC lifted their price target on shares of CarMax from $90.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research report on Friday, September 27th. Oppenheimer reiterated an “outperform” rating and set a $105.00 price target on shares of CarMax in a research report on Friday, October 4th. Finally, Royal Bank of Canada boosted their price objective on shares of CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, December 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $85.17.

CarMax Stock Down 0.9 %

CarMax stock opened at $78.96 on Friday. The stock 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. CarMax, Inc. has a twelve month low of $65.83 and a twelve month high of $91.25. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The company has a 50 day moving average of $82.07 and a 200-day moving average of $79.06.

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

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.