Oregon Pacific Wealth Management LLC Makes New Investment in CarMax, Inc. (NYSE:KMX)

Oregon Pacific Wealth Management LLC acquired a new position in shares of CarMax, Inc. (NYSE:KMX) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,835 shares of the company’s stock, valued at approximately $477,000.

A number of other large investors also recently bought and sold shares of KMX. State Street Corp grew its holdings in CarMax by 0.6% during the 3rd quarter. State Street Corp now owns 6,193,174 shares of the company’s stock valued at $479,228,000 after purchasing an additional 36,959 shares in the last quarter. Janus Henderson Group PLC grew its stake in CarMax by 0.6% in the third quarter. Janus Henderson Group PLC now owns 4,642,235 shares of the company’s stock worth $359,216,000 after purchasing an additional 28,466 shares in the last quarter. Geode Capital Management LLC raised its stake in CarMax by 0.4% during the third quarter. Geode Capital Management LLC now owns 3,663,209 shares of the company’s stock valued at $282,479,000 after buying an additional 14,903 shares in the last quarter. FMR LLC lifted its holdings in CarMax by 2,883.1% during the 3rd quarter. FMR LLC now owns 1,772,808 shares of the company’s stock worth $137,180,000 after buying an additional 1,713,379 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CarMax by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,510,325 shares of the company’s stock valued at $116,869,000 after acquiring an additional 11,865 shares during the last quarter.

Analyst Ratings Changes

KMX has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and issued a $95.00 price target on shares of CarMax in a research report on Wednesday, October 16th. Mizuho raised their target price on CarMax from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, December 20th. Truist Financial boosted their price target on shares of CarMax from $72.00 to $88.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. StockNews.com raised CarMax from a “sell” rating to a “hold” rating in a report on Friday, December 20th. Finally, Royal Bank of Canada increased their price target on CarMax from $92.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday, December 19th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $85.17.

Insider Activity at CarMax

In related news, CFO Enrique N. Mayor-Mora sold 5,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $81.43, for a total transaction of $407,150.00. Following the completion of the sale, the chief financial officer now directly owns 20,260 shares of the company’s stock, valued at approximately $1,649,771.80. This represents a 19.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William D. Nash sold 120,513 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $83.24, for a total transaction of $10,031,502.12. Following the transaction, the chief executive officer now directly owns 181,683 shares of the company’s stock, valued at approximately $15,123,292.92. This represents a 39.88 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 264,467 shares of company stock valued at $21,915,445. 1.66% of the stock is currently owned by corporate insiders.

CarMax Stock Down 2.2 %

Shares of CarMax stock opened at $85.64 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 1 year low of $65.83 and a 1 year high of $91.25. The stock has a 50-day moving average price of $83.10 and a 200 day moving average price of $79.52. The company has a market cap of $13.17 billion, a P/E ratio of 29.03, a P/E/G ratio of 1.66 and a beta of 1.72.

CarMax (NYSE:KMX) last released its quarterly earnings data 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. CarMax had a return on equity of 7.49% and a net margin of 1.77%. The firm had revenue of $6.22 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter last year, the firm earned $0.52 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. As a group, analysts expect that CarMax, Inc. will post 3.25 EPS for the current fiscal 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.