CarMax, Inc. (NYSE:KMX) Stock Position Increased by Eldred Rock Partners LLC

Eldred Rock Partners LLC boosted its position in shares of CarMax, Inc. (NYSE:KMX) by 0.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 140,652 shares of the company’s stock after buying an additional 562 shares during the quarter. CarMax accounts for approximately 3.9% of Eldred Rock Partners LLC’s investment portfolio, making the stock its 9th largest position. Eldred Rock Partners LLC’s holdings in CarMax were worth $11,517,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of CarMax by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,007,426 shares of the company’s stock worth $147,230,000 after purchasing an additional 51,397 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of CarMax by 49.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,480 shares of the company’s stock valued at $681,000 after buying an additional 3,155 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of CarMax by 20.5% in the second quarter. Hsbc Holdings PLC now owns 210,889 shares of the company’s stock worth $15,463,000 after buying an additional 35,923 shares during the period. Intech Investment Management LLC lifted its stake in shares of CarMax by 5.4% during the 2nd quarter. Intech Investment Management LLC now owns 6,210 shares of the company’s stock worth $455,000 after acquiring an additional 320 shares during the last quarter. Finally, AE Wealth Management LLC boosted its holdings in CarMax by 16.7% during the 2nd quarter. AE Wealth Management LLC now owns 5,273 shares of the company’s stock valued at $387,000 after acquiring an additional 756 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KMX. Stephens started coverage on CarMax in a research note on Thursday, December 5th. They issued an “equal weight” rating and a $86.00 target price on the stock. Needham & Company LLC lifted their price objective on shares of CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. upped their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Oppenheimer reaffirmed an “outperform” rating and set a $105.00 price target on shares of CarMax in a research note on Friday, October 4th. Finally, BNP Paribas raised CarMax to a “strong sell” rating in a research note on Friday, September 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $85.17.

CarMax Trading Down 0.9 %

KMX opened at $78.96 on Monday. 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 firm has a market cap of $12.14 billion, a price-to-earnings ratio of 26.77, a PEG ratio of 1.50 and a beta of 1.71. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The stock has a fifty day moving average price of $82.07 and a 200-day moving average price of $79.14.

CarMax (NYSE:KMX) last announced its earnings results on Thursday, December 19th. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts anticipate that CarMax, Inc. will post 3.18 earnings per share for the current fiscal year.

Insider Activity at CarMax

In other news, VP Jill A. Livesay sold 13,009 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $81.00, for a total transaction of $1,053,729.00. Following the transaction, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. This represents a 57.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jon G. Daniels sold 10,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $85.30, for a total value of $853,000.00. Following the completion of the sale, the senior vice president now directly owns 995 shares of the company’s stock, valued at $84,873.50. The trade was a 90.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 259,598 shares of company stock valued at $21,503,625 over the last 90 days. Insiders own 1.66% of the company’s stock.

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.