Generali Asset Management SPA SGR Makes New $2.97 Million Investment in CarMax, Inc. (NYSE:KMX)

Generali Asset Management SPA SGR purchased a new position in CarMax, Inc. (NYSE:KMX) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 36,357 shares of the company’s stock, valued at approximately $2,973,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Hawaiian Bank purchased a new position in CarMax in the 4th quarter worth approximately $273,000. Jones Financial Companies Lllp boosted its holdings in CarMax by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 5,211 shares of the company’s stock worth $426,000 after acquiring an additional 1,396 shares during the period. World Investment Advisors LLC purchased a new stake in CarMax during the 3rd quarter worth approximately $6,942,000. HF Advisory Group LLC increased its holdings in CarMax by 12.6% during the 4th quarter. HF Advisory Group LLC now owns 28,793 shares of the company’s stock worth $2,354,000 after purchasing an additional 3,222 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new stake in CarMax during the 4th quarter worth approximately $600,000.

Insider Buying and Selling

In other CarMax news, CEO William D. Nash sold 120,513 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were 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 approximately $15,123,292.92. This trade represents a 39.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP James Lyski sold 57,986 shares of CarMax stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $81.35, for a total value of $4,717,161.10. Following the sale, the executive vice president now directly owns 22,803 shares in the company, valued at approximately $1,855,024.05. This trade represents a 71.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 264,467 shares of company stock valued at $21,915,445 in the last quarter. Company insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

KMX has been the topic of several analyst reports. Truist Financial lifted their price objective on CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Evercore ISI dropped their price objective on CarMax from $107.00 to $105.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. JPMorgan Chase & Co. lifted their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Friday, December 20th. Mizuho lifted their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, December 20th. Finally, Needham & Company LLC increased their target price on CarMax from $98.00 to $101.00 and gave the stock a “buy” rating in a report on Monday, February 3rd. Two equities 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 data from MarketBeat, CarMax presently has a consensus rating of “Hold” and an average target price of $90.45.

CarMax Trading Up 0.7 %

Shares of NYSE KMX opened at $70.80 on Thursday. CarMax, Inc. has a 12-month low of $65.83 and a 12-month high of $91.25. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 24.00, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. 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 stock’s 50 day simple moving average is $81.22 and its 200 day simple moving average is $79.64.

CarMax (NYSE:KMX) last posted 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 return on equity of 7.49% and a net margin of 1.77%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. Equities research analysts expect that CarMax, Inc. will post 3.23 EPS for the current year.

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.