Cooke & Bieler LP increased its holdings in shares of CarMax, Inc. (NYSE:KMX - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,344,650 shares of the company's stock after purchasing an additional 69,409 shares during the period. CarMax makes up 1.6% of Cooke & Bieler LP's holdings, making the stock its 17th biggest position. Cooke & Bieler LP owned approximately 1.48% of CarMax worth $179,928,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in KMX. Allworth Financial LP increased its holdings in CarMax by 153.3% in the fourth quarter. Allworth Financial LP now owns 342 shares of the company's stock valued at $26,000 after buying an additional 207 shares in the last quarter. CENTRAL TRUST Co increased its holdings in CarMax by 100.0% in the third quarter. CENTRAL TRUST Co now owns 400 shares of the company's stock valued at $26,000 after buying an additional 200 shares in the last quarter. Ronald Blue Trust Inc. increased its holdings in CarMax by 194.0% in the third quarter. Ronald Blue Trust Inc. now owns 438 shares of the company's stock valued at $31,000 after buying an additional 289 shares in the last quarter. VitalStone Financial LLC purchased a new position in CarMax in the first quarter valued at $33,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in CarMax by 1,081.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 437 shares of the company's stock valued at $34,000 after buying an additional 400 shares in the last quarter.
CarMax Stock Performance
KMX opened at $68.34 on Friday. The firm has a market capitalization of $10.76 billion, a PE ratio of 22.55, a PEG ratio of 1.09 and a beta of 1.61. CarMax, Inc. has a twelve month low of $59.66 and a twelve month high of $88.22. The firm's 50-day moving average price is $78.42 and its 200 day moving average price is $72.06. The company has a current ratio of 2.26, a quick ratio of 0.67 and a debt-to-equity ratio of 2.96.
CarMax (NYSE:KMX - Get Free Report) last posted its quarterly earnings results on Thursday, April 11th. The company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.13). The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The business's revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. As a group, sell-side analysts expect that CarMax, Inc. will post 3.3 EPS for the current fiscal year.
Insider Buying and Selling
In related news, VP Jill A. Livesay sold 14,199 shares of the business's stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the transaction, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CarMax news, EVP Diane L. Cafritz sold 22,000 shares of CarMax stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $70.08, for a total transaction of $1,541,760.00. Following the transaction, the executive vice president now directly owns 5,073 shares of the company's stock, valued at $355,515.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jill A. Livesay sold 14,199 shares of CarMax stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $70.89, for a total transaction of $1,006,567.11. Following the transaction, the vice president now directly owns 9,068 shares in the company, valued at $642,830.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,929 shares of company stock worth $2,740,901. 1.66% of the stock is owned by insiders.
Wall Street Analyst Weigh In
A number of research firms have weighed in on KMX. Bank of America lifted their price objective on shares of CarMax from $44.00 to $50.00 and gave the company an "underperform" rating in a report on Thursday, February 29th. Oppenheimer reiterated an "outperform" rating and issued a $105.00 target price on shares of CarMax in a research report on Tuesday, April 9th. Evercore ISI dropped their target price on shares of CarMax from $85.00 to $74.00 and set an "in-line" rating on the stock in a research report on Friday, April 12th. JPMorgan Chase & Co. dropped their target price on shares of CarMax from $60.00 to $55.00 and set an "underweight" rating on the stock in a research report on Monday, April 15th. Finally, Truist Financial dropped their target price on shares of CarMax from $75.00 to $72.00 and set a "hold" rating on the stock in a research report on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $77.42.
Check Out Our Latest Report on CarMax
CarMax Profile
(Free Report)
CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.
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