Bryn Mawr Capital Management LLC Sells 1,525 Shares of CarMax, Inc. (NYSE:KMX)

Bryn Mawr Capital Management LLC cut its holdings in CarMax, Inc. (NYSE:KMX) by 44.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,875 shares of the company’s stock after selling 1,525 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in CarMax were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Principal Financial Group Inc. grew its stake in shares of CarMax by 3.4% in the fourth quarter. Principal Financial Group Inc. now owns 8,591,297 shares of the company’s stock worth $702,425,000 after purchasing an additional 282,519 shares during the last quarter. State Street Corp grew its stake in shares of CarMax by 0.6% in the third quarter. State Street Corp now owns 6,193,174 shares of the company’s stock worth $479,228,000 after purchasing an additional 36,959 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after purchasing an additional 28,466 shares during the last quarter. Geode Capital Management LLC boosted its position in CarMax by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after acquiring an additional 14,903 shares in the last quarter. Finally, FMR LLC boosted its position in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock valued at $137,180,000 after acquiring an additional 1,713,379 shares in the last quarter.

Insider Buying and Selling

In related news, VP Jill A. Livesay sold 13,009 shares of the business’s stock in a transaction that occurred 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 directly owns 9,448 shares in the company, valued at $765,288. The trade was a 57.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Nash sold 120,513 shares of the business’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 transaction of $10,031,502.12. Following the completion of the transaction, the chief executive officer now owns 181,683 shares of the company’s stock, 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. Insiders sold a total of 264,467 shares of company stock worth $21,915,445 in the last three months. Insiders own 1.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on KMX. JPMorgan Chase & Co. lifted their price objective on CarMax from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Friday, December 20th. Royal Bank of Canada lifted their price objective on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, December 19th. Mizuho lifted their price objective on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Needham & Company LLC lifted their price objective on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, Stephens began coverage on CarMax in a research report on Thursday, December 5th. They set an “equal weight” rating and a $86.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $87.50.

CarMax Price Performance

KMX stock opened at $82.62 on Friday. The firm has a 50 day moving average price of $83.39 and a 200-day moving average price of $80.11. CarMax, Inc. has a 52-week low of $65.83 and a 52-week high of $91.25. The firm has a market capitalization of $12.71 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.67 and a beta of 1.72. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

CarMax (NYSE:KMX) last released its earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the business earned $0.52 earnings per share. The business’s revenue was up 1.2% on a year-over-year basis. Equities research analysts forecast that CarMax, Inc. will post 3.23 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.