Timber Creek Capital Management LLC Has $4.71 Million Stock Holdings in CarMax, Inc. (NYSE:KMX)

Timber Creek Capital Management LLC increased its holdings in CarMax, Inc. (NYSE:KMX) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,601 shares of the company’s stock after purchasing an additional 145 shares during the period. CarMax makes up 1.4% of Timber Creek Capital Management LLC’s portfolio, making the stock its 29th biggest position. Timber Creek Capital Management LLC’s holdings in CarMax were worth $4,709,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in shares of CarMax during the third quarter worth approximately $32,000. True Wealth Design LLC increased its holdings in shares of CarMax by 4,844.4% in 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 in the last quarter. Allworth Financial LP increased its holdings in shares of CarMax by 62.7% in the fourth quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after purchasing an additional 249 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of CarMax by 91.9% in 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 in the last quarter. Finally, ST Germain D J Co. Inc. acquired a new stake in shares of CarMax in the fourth quarter valued at approximately $58,000.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Needham & Company LLC raised their price target on shares of CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Truist Financial raised their price objective on shares of CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a research note on Friday, December 20th. StockNews.com raised shares of CarMax from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. Stephens initiated 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. Finally, Mizuho lifted their price target on shares of CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Three analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.50.

CarMax Trading Up 0.4 %

Shares of NYSE:KMX opened at $89.28 on Wednesday. The company’s 50-day moving average price is $83.47 and its two-hundred day moving average price is $79.93. 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 one year low of $65.83 and a one year high of $91.25. The stock has a market capitalization of $13.73 billion, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.72.

CarMax (NYSE:KMX) last issued its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. 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, equities analysts forecast that CarMax, Inc. will post 3.22 EPS for the current fiscal year.

Insider Activity

In other news, EVP Mohammad Shamim sold 10,000 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $83.77, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William D. Nash sold 120,513 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 181,683 shares in the company, valued at approximately $15,123,292.92. The trade was a 39.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is owned by company insiders.

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.