Entropy Technologies LP Acquires Shares of 9,918 CarMax, Inc. (NYSE:KMX)

Entropy Technologies LP bought a new position in shares of CarMax, Inc. (NYSE:KMX) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,918 shares of the company’s stock, valued at approximately $811,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its stake in shares of CarMax by 30.2% in the third quarter. CWM LLC now owns 23,150 shares of the company’s stock valued at $1,791,000 after buying an additional 5,374 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in CarMax by 418.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 1,239 shares of the company’s stock valued at $96,000 after purchasing an additional 1,000 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in CarMax by 41.6% during the third quarter. Exchange Traded Concepts LLC now owns 7,212 shares of the company’s stock worth $558,000 after purchasing an additional 2,118 shares during the period. Koshinski Asset Management Inc. acquired a new stake in CarMax during the third quarter worth about $206,000. Finally, Procyon Advisors LLC increased its holdings in CarMax by 2.6% in the 3rd quarter. Procyon Advisors LLC now owns 16,382 shares of the company’s stock valued at $1,268,000 after buying an additional 416 shares during the period.

Insider Activity at CarMax

In related news, CEO William D. Nash sold 120,513 shares of the business’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 transaction, the chief executive officer now owns 181,683 shares in the company, valued at $15,123,292.92. The trade was a 39.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Jon G. Daniels sold 10,000 shares of the stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total transaction of $853,000.00. Following the transaction, the senior vice president now directly owns 995 shares in the company, valued at approximately $84,873.50. This represents a 90.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock worth $21,915,445 over the last quarter. Company insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

KMX has been the subject of a number of recent analyst reports. Mizuho upped their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Royal Bank of Canada upped their target price on CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised their target price on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Friday, December 20th. Stephens started coverage on CarMax in a report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price target for the company. Finally, Needham & Company LLC raised their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Three investment 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $87.50.

CarMax Stock Performance

CarMax stock opened at $86.77 on Wednesday. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 0.55. CarMax, Inc. has a 1 year low of $65.83 and a 1 year high of $91.25. The business has a 50 day moving average of $83.21 and a 200-day moving average of $79.72. The company has a market capitalization of $13.34 billion, a P/E ratio of 29.41, a P/E/G ratio of 1.70 and a beta of 1.72.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. On average, equities research analysts predict that CarMax, Inc. will post 3.22 earnings per share for the current year.

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.