CarMax, Inc. (NYSE:KMX) Shares Acquired by Dakota Wealth Management

Dakota Wealth Management increased its holdings in CarMax, Inc. (NYSE:KMX) by 1.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,720 shares of the company’s stock after buying an additional 215 shares during the period. Dakota Wealth Management’s holdings in CarMax were worth $1,204,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Ballentine Partners LLC acquired a new position in shares of CarMax in the 4th quarter valued at about $217,000. Eldred Rock Partners LLC boosted its stake in CarMax by 0.4% during the 4th quarter. Eldred Rock Partners LLC now owns 140,652 shares of the company’s stock valued at $11,517,000 after purchasing an additional 562 shares during the period. Gilman Hill Asset Management LLC boosted its stake in CarMax by 2.6% during the 4th quarter. Gilman Hill Asset Management LLC now owns 32,362 shares of the company’s stock valued at $2,646,000 after purchasing an additional 815 shares during the period. Client 1ST Advisory Group LLC acquired a new position in CarMax during the 4th quarter valued at about $234,000. Finally, HF Advisory Group LLC boosted its stake in CarMax by 12.6% during the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock valued at $2,354,000 after purchasing an additional 3,222 shares during the period.

CarMax Price Performance

NYSE KMX opened at $81.90 on Friday. The company has a current ratio of 2.30, a quick ratio of 0.55 and a debt-to-equity ratio of 2.92. The company has a fifty day simple moving average of $82.26 and a 200 day simple moving average of $79.25. The company has a market cap of $12.60 billion, a P/E ratio of 27.76, a P/E/G ratio of 1.51 and a beta of 1.71. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25.

CarMax (NYSE:KMX) last posted its quarterly earnings data 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 business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a net margin of 1.77% and a return on equity of 7.49%. CarMax’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, sell-side analysts predict that CarMax, Inc. will post 3.19 EPS for the current year.

Insider Activity at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of the stock in a transaction on 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 transaction, the vice president now owns 9,448 shares in the company, valued at approximately $765,288. This represents a 57.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jon G. Daniels sold 10,000 shares of the company’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the sale, the senior vice president now directly owns 995 shares in the company, valued at approximately $84,873.50. The trade was a 90.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 259,598 shares of company stock worth $21,503,625 in the last ninety days. 1.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

KMX has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, December 19th. Evercore ISI boosted 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. Stephens began coverage on shares of CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target on the stock. Truist Financial boosted their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CarMax presently has an average rating of “Hold” and a consensus target price of $85.17.

About CarMax

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.