CarMax, Inc. (NYSE:KMX) Shares Bought by True North Advisors LLC

True North Advisors LLC lifted its holdings in shares of CarMax, Inc. (NYSE:KMX) by 0.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 48,662 shares of the company’s stock after purchasing an additional 225 shares during the quarter. CarMax comprises about 0.9% of True North Advisors LLC’s holdings, making the stock its 18th biggest holding. True North Advisors LLC’s holdings in CarMax were worth $3,979,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lakewood Asset Management LLC grew its holdings in CarMax by 0.6% during the 4th quarter. Lakewood Asset Management LLC now owns 21,742 shares of the company’s stock worth $1,778,000 after acquiring an additional 135 shares in the last quarter. Arete Wealth Advisors LLC grew its stake in shares of 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of CarMax by 2.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,220 shares of the company’s stock worth $456,000 after purchasing an additional 142 shares in the last quarter. Chemistry Wealth Management LLC increased its holdings in CarMax by 1.4% in the fourth quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock valued at $999,000 after buying an additional 164 shares during the last quarter. Finally, Sompo Asset Management Co. Ltd. lifted its holdings in CarMax by 1.6% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 10,602 shares of the company’s stock worth $820,000 after buying an additional 170 shares during the last quarter.

Insiders Place Their Bets

In related news, CEO William D. Nash sold 120,513 shares of the 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 transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at $15,123,292.92. This represents a 39.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Jon G. Daniels sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $85.30, for a total transaction of $853,000.00. Following the completion of the sale, the senior vice president now owns 995 shares of the company’s stock, valued at approximately $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 sold 259,598 shares of company stock worth $21,503,625. 1.66% of the stock is owned by insiders.

CarMax Stock Down 1.5 %

KMX opened at $78.27 on Thursday. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The business has a 50 day moving average price of $82.18 and a two-hundred day moving average price of $79.23. The company has a quick ratio of 0.55, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The company has a market cap of $12.04 billion, a PE ratio of 26.53, a P/E/G ratio of 1.51 and a beta of 1.71.

CarMax (NYSE:KMX) last released its quarterly earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The business had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. As a group, research analysts anticipate that CarMax, Inc. will post 3.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial increased their price objective on CarMax from $72.00 to $88.00 and gave the company a “hold” rating in a report on Friday, December 20th. Royal Bank of Canada raised their price objective on shares of CarMax from $92.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, December 19th. StockNews.com upgraded shares of CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. BNP Paribas upgraded shares of CarMax to a “strong sell” rating in a research note on Friday, September 27th. Finally, Wedbush reissued an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, CarMax presently has an average rating of “Hold” and an average target price of $85.17.

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.