Gilman Hill Asset Management LLC Purchases 815 Shares of CarMax, Inc. (NYSE:KMX)

Gilman Hill Asset Management LLC increased its position in shares of CarMax, Inc. (NYSE:KMX) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 32,362 shares of the company’s stock after acquiring an additional 815 shares during the period. Gilman Hill Asset Management LLC’s holdings in CarMax were worth $2,646,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Client 1ST Advisory Group LLC bought a new stake in CarMax during the fourth quarter valued at about $234,000. HF Advisory Group LLC grew its position in shares of CarMax by 12.6% during the fourth 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 in the last quarter. Merit Financial Group LLC bought a new stake in CarMax during the 4th quarter valued at approximately $600,000. Chemistry Wealth Management LLC lifted its holdings in CarMax by 1.4% in the 4th quarter. Chemistry Wealth Management LLC now owns 12,218 shares of the company’s stock worth $999,000 after purchasing an additional 164 shares in the last quarter. Finally, Avanza Fonder AB bought a new position in CarMax in the 4th quarter worth approximately $1,240,000.

Insider Transactions at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $81.43, for a total value of $407,150.00. Following the transaction, the chief financial officer now owns 20,260 shares of the company’s stock, valued at $1,649,771.80. This represents a 19.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jill A. Livesay sold 13,009 shares of CarMax stock in a transaction 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 sale, the vice president now directly owns 9,448 shares of the company’s stock, valued at approximately $765,288. This trade represents a 57.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 259,598 shares of company stock worth $21,503,625. Insiders own 1.66% of the company’s stock.

CarMax Price Performance

KMX stock 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. CarMax, Inc. has a 12 month low of $65.83 and a 12 month high of $91.25. The stock has a market cap of $12.14 billion, a PE ratio of 26.77, a P/E/G ratio of 1.50 and a beta of 1.71. The company has a 50-day moving average price of $82.07 and a 200 day moving average price of $79.14.

CarMax (NYSE:KMX) last issued its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share 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 firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the business posted $0.52 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts anticipate that CarMax, Inc. will post 3.18 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on KMX shares. Truist Financial boosted their target price on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a report on Friday, December 20th. Wedbush reissued an “outperform” rating and set a $95.00 price objective on shares of CarMax in a report on Wednesday, October 16th. Needham & Company LLC increased their price target on CarMax from $90.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. lifted their price objective on CarMax from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Friday, December 20th. Finally, Oppenheimer reiterated an “outperform” rating and set a $105.00 target price on shares of CarMax in a research report on Friday, October 4th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, CarMax has a consensus rating of “Hold” and a consensus target price of $85.17.

CarMax 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.