Cromwell Holdings LLC Purchases 217 Shares of CarMax, Inc. (NYSE:KMX)

Cromwell Holdings LLC grew its position in shares of CarMax, Inc. (NYSE:KMX) by 104.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 424 shares of the company’s stock after purchasing an additional 217 shares during the period. Cromwell Holdings LLC’s holdings in CarMax were worth $35,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Lakewood Asset Management LLC lifted its stake in CarMax by 0.6% during the fourth quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after purchasing an additional 135 shares during the last quarter. Arete Wealth Advisors LLC lifted its stake in CarMax by 4.3% during the third quarter. Arete Wealth Advisors LLC now owns 3,438 shares of the company’s stock worth $266,000 after purchasing an additional 141 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in CarMax by 3.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 4,682 shares of the company’s stock worth $383,000 after purchasing an additional 141 shares during the last quarter. Timber Creek Capital Management LLC lifted its stake in shares of CarMax by 0.3% in the 4th quarter. Timber Creek Capital Management LLC now owns 57,601 shares of the company’s stock valued at $4,709,000 after acquiring an additional 145 shares during the last quarter. Finally, Chemistry Wealth Management LLC lifted its stake in shares of CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after acquiring an additional 164 shares during the last quarter.

CarMax Stock Down 2.0 %

Shares of NYSE:KMX opened at $85.68 on Friday. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The company has a market cap of $13.18 billion, a PE ratio of 29.04, a P/E/G ratio of 1.75 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. The stock’s 50-day moving average is $83.46 and its 200 day moving average is $80.02.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that CarMax, Inc. will post 3.22 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on KMX. Stephens began coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price for the company. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Needham & Company LLC boosted their target price on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research note on Friday, December 20th. Finally, Mizuho boosted their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, December 20th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $87.50.

Insiders Place Their Bets

In related news, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total value of $10,031,502.12. Following the sale, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. This represents a 39.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jon G. Daniels sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the sale, the senior vice president now owns 995 shares in the company, valued at $84,873.50. The trade was a 90.95 % decrease in their position. The disclosure for this sale can be found here. In 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 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.