Machina Capital S.A.S. Sells 5,761 Shares of CarMax, Inc. (NYSE:KMX)

Machina Capital S.A.S. reduced its stake in shares of CarMax, Inc. (NYSE:KMX) by 47.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,387 shares of the company’s stock after selling 5,761 shares during the quarter. Machina Capital S.A.S.’s holdings in CarMax were worth $522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. True Wealth Design LLC grew its holdings in CarMax by 4,844.4% during the third quarter. True Wealth Design LLC now owns 445 shares of the company’s stock valued at $34,000 after purchasing an additional 436 shares during the period. Cromwell Holdings LLC grew its holdings in shares of CarMax by 104.8% in the 4th quarter. Cromwell Holdings LLC now owns 424 shares of the company’s stock valued at $35,000 after buying an additional 217 shares during the period. Allworth Financial LP increased its position in shares of CarMax by 62.7% in the 4th quarter. Allworth Financial LP now owns 646 shares of the company’s stock valued at $51,000 after buying an additional 249 shares in the last quarter. Larson Financial Group LLC raised its stake in CarMax by 91.9% during the 3rd quarter. Larson Financial Group LLC now owns 737 shares of the company’s stock worth $57,000 after buying an additional 353 shares during the period. Finally, ST Germain D J Co. Inc. bought a new position in CarMax during the fourth quarter worth about $58,000.

Insider Buying and Selling

In other CarMax news, SVP Jon G. Daniels sold 10,000 shares of the company’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 transaction, the senior vice president now directly owns 995 shares of the company’s stock, valued at $84,873.50. This represents a 90.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Tyler Tuite sold 4,869 shares of CarMax stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $84.58, for a total value of $411,820.02. Following the sale, the senior vice president now directly owns 227 shares of the company’s stock, valued at $19,199.66. This represents a 95.55 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 264,467 shares of company stock worth $21,915,445. Company insiders own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of CarMax from $70.00 to $72.00 and gave the stock an “underweight” 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. Evercore ISI raised shares of CarMax from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $90.00 to $110.00 in a research note on Thursday, February 6th. Needham & Company LLC lifted their price target on CarMax from $98.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Finally, Mizuho upped their price objective on CarMax from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $90.91.

CarMax Stock Performance

Shares of NYSE KMX opened at $76.75 on Friday. The stock has a market capitalization of $11.80 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.67 and a beta of 1.76. CarMax, Inc. has a 52 week low of $65.83 and a 52 week high of $91.25. The stock has a 50 day moving average price of $82.74 and a 200 day moving average price of $80.36. The company has a debt-to-equity ratio of 2.92, a quick ratio of 0.55 and a current ratio of 2.30.

CarMax (NYSE:KMX) last posted its quarterly earnings results on Thursday, December 19th. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.19. CarMax had a net margin of 1.77% and a return on equity of 7.49%. The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Analysts predict that CarMax, Inc. will post 3.23 earnings per share for the current fiscal year.

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.